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A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.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 ?
Tarbert emphasized that just because a bank makes funds from a cashier's check available, it doesn't mean the money is actually sitting in the account.
71) Before he deposited the checks, Hughes consulted with a bank officer at Valley Bank as to their validity; with regard to the "official checks," the bank official said that "official checks" were "same as cash," and "just like cashier's checks," and that Hughes may do with the funds as he wished.
Investigation revealed that an individual or individuals were ordering computer-related products all over the country and offering the same counterfeit cashier's check as payment.
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.
Shortly after making a demand for payment, the lawyer receives cashier's checks drawn on an Ohio bank.
The counterfeit First Security cashier's checks have been associated with a different type of con game known as an overpayment scam.
1(j), 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," Shepard said he can understand how a bookkeeper or lawyer may disburse money before it is determined a check is no good.
warned that counterfeit cashier's checks bearing the name of the Bank of Eureka Springs were in circulation, the FDIC warned that another counterfeit check is making the rounds.