certified check

(redirected from Official Checks)
Also found in: Dictionary, Thesaurus, Legal.
Related to Official Checks: certified check, certified cheque

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A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.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 MoneyGram official check program will offer RDSI clients a host of enhancements, including additional fee income, reduced fraud and lower operating expenses.
is engaged in a variety of payment services activities including issuance and processing of money orders, processing official checks and share drafts and money transfer and cash access services.
Bancorp, which has 2,133 banking locations, has used Travelers Express' official checks and money orders since 1998.
Bancorp issues official checks to customers for mortgages, car loans and other types of third-party disbursements.
In addition to official checks and money orders, the company's services include gift certificates, utility bill payments and MoneyGram money transfers.
In addition to official checks, the company services include money orders, gift certificates and MoneyGram money transfer services offered through independent agents at more than 95,000 locations worldwide.
National Commerce Financial Corporation (NYSE:NCF), a $20 billion asset sales and marketing organization, has selected Travelers Express to provide official check services for its more than 400 banking locations in the southeastern United States.
It was clear that Travelers Express could deliver an extremely reliable and flexible official check program.
Services include money orders, utility bill payments, ExpressPayment emergency bill payment services, official checks, and gift certificates.