certified check

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Related to Cashier's Checks: Official check

Certified check

A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.

Certified Check

A check whose payment is guaranteed by a bank. In exchange for a fee, a bank issues a certified check to a person, who is very often both the payer and the payee. That is, a person gives the bank the amount for which the certified check is written, either in cash or by deducting the appropriate amount from the payer's account; the bank then makes the check payable to that person. The person may cash the check at any bank, or deposit it at a different bank without being subject to a check hold. A certified check is also known as a registered check or banker's draft. See also: Traveler's cheque, Commercial draft.

certified check

A check that a financial institution draws on an individual's account and then certifies to indicate that sufficient funds are available to cover the amount of the check when cashed.

certified check

A check drawn on the bank customer's account,with the customer as the drawer and the check certified by the bank as payable.

References in periodicals archive ?
The cashier's check was drawn on a Canadian bank in the amount of $205,000 "U.
There are banks that feature pre-printed cashier's check machines, exposing the payment instrument to security issues.
When she presented it for deposit at Oregon Community Credit Union, she says, she was told she needn't worry about calling the Wyoming bank to verify the check, because it was a cashier's check.
The counterfeit items display the bank's correct routing number 082901596, and are similar to authentic cashier's checks, the bank said.
A week or two later, a $295,000 Chase Manhattan cashier's check arrives at the office.
For decades, cashier's checks have been used as a trusted form of payment to consumers for goods and services.
Saban, 43, pleaded guilty in October 2002 to the charge of conspiracy to launder money for his role in a counterfeit cashier's check cashing scheme.
Ostroff advises consumers to avoid sellers insisting on using an unknown escrow service, and allow cashier's checks 2 weeks to clear before spending.
1(j) now holds that cashier's checks carry a "limited and acceptable risk of failure" and are allowed to be disbursed before they are "finally settled, and credited to the lawyer's trust account.
The counterfeit First Security cashier's checks have been associated with a different type of con game known as an overpayment scam.
June 29 /PRNewswire/ -- Consumers who sell items through online auctions or classified ads should be on the lookout for scam artists who pay with counterfeit cashier's checks, Pennsylvania Banking Secretary Bill Schenck said today.
A federal grand jury indicted Crawford late Tuesday on two counts of wire fraud, two counts of interstate transportation of cashier's checks fraudulently obtained from the gallery and one count of engaging in monetary transactions involving funds obtained through fraud, said Assistant U.