cashier's check

(redirected from Cashiers check)
Also found in: Dictionary, Thesaurus, Legal, Wikipedia.
Related to Cashiers check: money order

Cashier's check

A check drawn directly on a customer's account, making the bank the primary obligor, and assuring firm that the amount will be paid.

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.

cashier's check

A check drawn by a bank on itself. A cashier's check is made out to a designated institution or person and must be paid for before it is issued. See also certified check.

cashier's check

An official check issued by a bank with itself as the drawer. Contrast with a certified check, which is one drawn on the bank customer's account, with the customer as drawer, but certified as good by the bank. Closing companies usually require a cashier's check for the purchaser's portion of all closing costs and purchase money. A cashier's check can be the subject of a stop-payment order. Because of widespread forgery of cashier's checks, many closing companies will not complete closing until funds are actually collected and in the closing company's escrow account.

References in periodicals archive ?
Officers seized the currency, vehicle and cashiers checks.
Cashiers checks are close substitutes for money orders, so the reported data cover the proportion of banks and savings associations offering either of these instruments rather than the proportion offering each.
Overall, the availability of four of the eight broad service categories for banks rose a statistically significant amount--new-car loans, NOW accounts, money orders or cashiers checks, and ATM services; and no banking service showed a statistically significant decline in availability.
The grand jury further claimed Altounian used the money he received through the wire transfers and cashiers checks to purchase gold.
The checks, which totaled more than $2 million, were provided to Altounian by ``unknown co-schemers'' and included personal checks as well as cashiers checks and state treasury checks, according to the indictment.
Players can deposit money on-line, in real time, by using their Visa/MasterCard or VISA debit card, wire money to a designated bank in Antigua or users can send cashiers checks or money orders as well.
In addition to its courier service, Business Bank also delivers and picks up loan documents, cashiers checks and business checks, and much more.
Today customers can access their account balances and transaction history, transfer funds between accounts, pay all of their bills, buy and sell securities, apply for consumer accounts and lines of credit, receive real-time decisions on applications for home equity loans/lines of credit, order travelers checks, cashiers checks, and foreign currency, and more through Wells Fargo Online.
Today customers can access their account balances and transaction history, transfer funds between accounts, pay all of their bills, apply for new accounts, and order travelers checks, cashiers checks, and foreign currency through Wells Fargo's online banking service.
Additional services being offered through SFNB-Atlanta and future City Offices will include consumer and large retail loans, personal financial services, the purchase of travelers and cashiers checks, and safety deposit boxes.
Payment may be made by Visa, MasterCard, American Express, Discover, JCB, wire transfers, international cashiers checks, company checks and money orders in U.