2006-10-21 10:35:30 · 0 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
A personal cheque is what you write out and a cashiers cheque is what the bank write out for you depending on if the funds are there, also they charge a fee.
2006-10-21 10:56:11 · answer #1 · answered by nursey 1 · 0⤊ 1⤋
Personal Cheque
2016-11-12 08:12:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A cashier's check is considered guaranteed funds. Because when you have a cashier's check drawn against your account, the bank takes those funds out at that time. For a personal check, the funds aren't withdrawn from your account until the goes through the clearing process, up to 10 days. This means the check could be returned insufficient funds.
2006-10-21 10:44:52 · answer #3 · answered by Treesy 3 · 1⤊ 0⤋
A cashier's check is guaranteed by the bank - the money has already been put aside. A personal check just comes from someone's account and could possibly be written on a closed account, the account could have insufficient funds, or a stop payment can be placed on the personal check.
2016-03-15 00:14:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Cashier's is issued by a bank, personal issued by individual.
Which would you rather have ? Especially if a person writing is not well known to you.
2006-10-21 11:50:53 · answer #5 · answered by The Advocate 4 · 0⤊ 0⤋
personal cheques normally take longer depending on the bank.
2006-10-21 10:41:47 · answer #6 · answered by blahblah 2 · 0⤊ 0⤋