2006-11-05 07:08:15 · 6 answers · asked by mohssen m 1 in Business & Finance ➔ Careers & Employment
Banks used to have a person called a Cashier who was responsible to uphold the bank's commitments. When we give a Cashier's Check today it is an instrument that assures the recipient of payment by the bank of a set amount. A form is usually used and the name of the "cashier" is printed on the form.
If given a personal check, the recipient is at risk as there may be insufficient funds to pay. A Cashier's Check is secure as the money from the origianl payer is taken by the bank in exchange for its check made out to the payee. Apparently banks still have a better reputation than a stranger.
2006-11-05 07:18:00 · answer #1 · answered by Autie 1 · 0⤊ 0⤋
A "cashier's check" is a check issued by a bank directly. To get one, you go to your bank, give them the money and who it should be made out to. They take your money and issue a check for you. It's considered a more reliable way of paying for things because the bank is pretty much guaranteed to have the funds to cover the check.
2006-11-05 07:13:26 · answer #2 · answered by watsonc64 3 · 0⤊ 0⤋
It is a check that you may only get from a bank with cash. It is a check that the bank will give you to purchase something with guaranteed funds. For example, these are the only types of checks realty company's except.
2006-11-05 07:12:28 · answer #3 · answered by daisy 2 · 0⤊ 0⤋
a check you get from bank cashier.
2006-11-05 07:17:31 · answer #4 · answered by dogbone 2 · 0⤊ 0⤋
complicated factor. do a search on to yahoo. this may help!
2015-04-30 18:21:08 · answer #5 · answered by Clara 2 · 0⤊ 0⤋
challenging task. query over google and yahoo. that will will help!
2015-04-29 17:45:46 · answer #6 · answered by Jacqueline 2 · 0⤊ 0⤋