Certified Cashiers Check?

A cashier's check is simply an ordinary check written by the bank. It can be stopped, contrary to popular belief. A certified check is one where the bank segregates the money to pay the check, and basically treats it, as far as their customer is concerned, as if it has already been cashed, whether it has or has not. Payment is almost guaranteed. It is difficult to stop a certified check. It's also a headache for banks, and it is hard to find a bank that will do that these days. So a certified cashier's check is a bank check that has been certified.

Stu

My banker advises that it is a figment of someone's imagination. You are very welcome. Or, as we say in South Florida: "de nada".

Used to be that they were two separate animals. However in recent years, with the advent of accurate copiers and printers, SOME people have been known to manufacture cashiers checks. Therefore the need for some kind of certification of same. Reminds me of what a client told me today. He had this "notarized official guarantee" that if the company didn't sell his business by 12/31 he'd get his money back. ChEAr$, Harlan Lunsford, EA n LA

A cashier's check is a check drawn on a bank's own funds, signed by the bank's cashier or other officer. Usually a customer has placed funds with the bank to cover the check. A certified check is a check drawn on a customer's account, stamped by the bank with a certification that the signature is genuine and that there are sufficient funds in the account to cover the check. Usually the bank will set aside funds from the customer's account until the check is negotiated and paid. I never heard of a "certified cashier's check." If someone has offered to send you one, perhaps to pay for something you are selling, better think twice. There are a lot of scams out there. Katie in San Diego

A cashere's check is issued by the bank. A certified check is when you have your own check certified. A Certified Cashier's Check is when you get a Cashier's Check and to make sure it doesn't bounce, you have it certified. ed

And how does one go about getting a cashier's check that is already guaranteed to be paid by the issuer, certified? There is no such animal as a certified cashier's check. The term is redundant.

Katie wrote:

I'm inclined to agree with Katie, in spite of the explanations that others have offered. The term "certified cashier's check" turns up in examples of various scams. If someone you don't know is offering to send you one, it's probably an attempt to convince you of the reliability of a payment that is going to bounce. Bob Sandler

I thought I had answered this above, but do'nt see it. There is such an animal, relatively new of course, but necessary in these days of counterfeiting with top of the line printers and copiers. ChEAr$, Harlan

The fact is that a cashier's check is not guaranteed, but a certified check is. A cashier's check is almost always good, because banks generally have enough money to pay them. But they can be stopped, while certified checks generally can't be without a lot of trouble, if at all. Stu