cashier's check

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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 ?
Apparently, the bank would not let him have access to the money, saying he had to wait for seven or eight days more for the money to be clear in his account.He changed his return flight to the UK at some inconvenience and expense, and was then told by the developer that a bank cheque was not acceptable, and only cash would do to finish the purchase in the land office.So my friend went back to the bank to get cash.Then, the bank said it could not give any cash over 500 euros a day, unless he made an application to the head office on a nice form they gave him in Greek that would take "about two weeks for all the money" to be released.The topper was the developer didn't even have a title deed.
The ex-psychiatric nurse was only caught because the hotel manager was suspicious of the British bank cheque Beadle tried to pay with.
On November 15 last year, Tan, who is a director of a property development company, pleaded not guilty to a charge of giving a bribe to Tengku Adnan, 68, by depositing a RM1 million Public Bank cheque belonging to Pekan Nenas Industries Sdn Bhd into Tengku Adnan's CIMB Bank account.
He said that the accused issued a dishonoured Zenith bank cheque No.
Tengku Adnan was charged in his capacity as a public servant, namely, Federal Territories Minister, to have accepted for himself RM2 million from Chai via a Hong Leong Islamic Bank cheque belonging to Aset Kayamas Sdn Bhd which was deposited into the CIMB Bank account of Tadmansori Holdings Sdn Bhd in which he had an interest, when it was known that Aset Kayamas had connection with his official duties.
The recipients of zakat have expressed their gratitude to zakat department Rawalpindi for changing the system of distribution of zakat from cheque system to easy paisa system saying that the bank cheque system had become source of perpetual nuisance for them particularly for the ailing persons, elderly and ladies recipients who had to spend the whole day long in queues before the bank cash counters for collection of zakat money.
Tengku Adnan was charged in his capacity as a public servant, namely, Federal Territories Minister, to have accepted for himself RM2 million from Chai via a Hong Leong Islamic Bank cheque belonging to Aset Kayamas which was deposited into the CIMB Bank account of Tadmansori Holdings Sdn Bhd in which he had an interest, when it was known that Aset Kayamas had connection with his official duties.
IG Islamabad Aftab Cheema appeared in the court in the matter of levelling wrong sections by Muhammad Raza, ASI Aabpara police against a citizen Noman Qureshi in a bank cheque case.
He spoke with a heavy Dublin accent and had an Allied Irish Bank cheque book in the glove compartment of the jeep.
Tengku Adnan was charged in his capacity as a public servant, namely, Federal Territories Minister, to have accepted for himself RM2 million from Chai Kin Kong via a Hong Leong Islamic Bank cheque belonging to Aset Kayamas Sdn Bhd which was deposited into the CIMB Bank account of Tadmansori Holding Sdn Bhd in which he had an interest, when it was known that Aset Kayamas had connection with his official duties.
A CONMAN drove off with Mary Evans' car after handing her a forged bank cheque.
Tengku Adnan is on trial for allegedly receiving a RM2 million bribe via property developer Aset Kayamas Sdn Bhd's Hong Leong Islamic Bank cheque dated June 14, 2016 that was deposited into Tadmansori Holdings' CIMB bank account.