certified check

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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A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.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 company provides bill payment services, issue money orders and process official checks in select markets.
The NGOs will have to allow official checks of their income, accounting and management structure as well as regularly make public their sources of income and their management.
is a provider of innovative money transfer and payment services that offer bill payment services, issue money orders and process official checks in select markets.
The company provides bill payment services, issues money orders and processes official checks in select markets.
The company also provides bill payment services, issues money orders and processes official checks in select markets.