== == Cashier's checks or Money Orders are certified checks because you must have cash to purchase these negotiable items, and these items are often insured by the issuing bank. Personal checks are not certified funds.
cashiers or bank check!
A cashiers check is far safer than a personal check, whether you are the payee or the payor. If you are the payee (the one receiving the check) and receive a personal check that is insufficient, you have very little recourse in obtaining the money owed to you. If you are paid with a cashiers check, it is guaranteed funds, since the bank will only issue the check with available funds (meaning it has to be paid for with cash or purchased at the person's bank, where the bank can verify there are sufficient funds in their account to cover the amount of the check). If you are the payor (the one paying by check), the bank can trace the check for you if the person to whom you were paying loses it or says they never received it. Also, if the check does get lost, it will be far more difficult for someone to forge their signature to it and cash it. Also, a cashiers check does not have as much personal identification on it like a personal check does (address, checking account number, etc.).
A certified check passes through certification process of the bank to verify that there are adequate funds to pay the check while a cashier's check is drawn by the bank against it's own funds
A bank issues a cashiers check,on behalf of a depositor, by setting funds aside from the depositor's account.
You deposit the check and send them a cashier's check or money order. (Unless the Trustee accepts personal checks)
the person who is making the check.
yes
There is no real difference, just different names for the same idea. A cashier's/bank/certified check is a check which a guarantor, normally a bank, has written in exchange for cash or immediate withdrawal from a depositor's account. The funds are collected in advance by the bank so the payee (to whom the check is payable) has guarantee that they will be paid when the check is properly negotiated.
cashiers check
cashiers check
Yes, you have to sign a cashiers check before you give it to a payee. Some cashiers checks do not have to be signed. If there is a space to sign, you need to sign.
At the bank that you use