What Is the Difference Between a Cashier's Check and a Bank Check?

Cashier's check is a note issued by the applicant to the bank, issued by the bank, which promises to pay the determined amount unconditionally to the payee or bearer when he sees the ticket. Cashier's check can be divided into two types: indefinite and fixed according to whether the amount is fixed. Indefinite bank cashier's check means that the amount column on the voucher is blank. When issuing, fill in the amount according to the actual needs (starting amount is 100 yuan), and use the register to emboss the bank cashier's check; Cashier's check in fixed denomination. The denominated bank denominations are denominated 1,000 yuan, 5,000 yuan, 10,000 yuan and 50,000 yuan, and the prompt payment period shall not exceed 2 months from the date of issue. Cashier's check, pay upon sight, no loss report, credit on the spot, high degree of payment guarantee.

Cashier's check

bank

Units and individuals settle various payments.

Application

Applicants who use cashier's check should fill in the "banker's check application" with the bank. Applicants or payees are not allowed to apply for cashier's check.

2. Accept

The issuing bank accepts the "Application for Cashier's Order", receives the money, and issues the cashier's order.

Understand the matters that must be recorded when issuing a banker's cashier's order: indicate the words "banker's cashier's order"; the promise of unconditional payment; the determined amount; the payee's name; the date of the ticket issuance; If one of the items listed above is missing, the cashier's check is invalid.

3. Delivery

The applicant shall deliver the cashier's check to the payee stated on the check. The payee can transfer the banker's check endorsement to the endorsed party.

bank

(1) Units and individuals can use banks when they need to make various payments in the same clearing area

According to the Geneva Uniform Law, the promissory note must have the following items:

• Write "promissory note"

• Unconditional payment acceptance

• Payee or other designee

• Valid signature of drawer

• Ticketing date and place

• expiration of pay

• Specified amount

• Place of payment