Search results
Results from the WOW.Com Content Network
With a cashier’s check, the bank withdraws the money from your account and issues you an official bank check made payable to the person or business you are transacting with. The money is ...
A bearer check is payable to anyone who is in possession of the document: this would be the case if the cheque does not name a payee, or is payable to "bearer" or to "cash" or "to the order of cash", or if the cheque is payable to someone who is not a person or legal entity, for example if the payee line is marked "Happy Birthday".
Covered with checks and not cash. Deposits and checks. Many deposits drawn from the same bank; many checks made payable to the same person. Types of Check-Kiting.
An FBO check is a check that’s made payable to a business or person for the benefit of someone else. Here are some situations where an FBO check would apply: A check to a minor and their parent ...
In the United States, under the Uniform Commercial Code, a negotiable instrument (such as a check or promissory note) that is payable to the order of "bearer" or "cash" may be enforced (i.e. redeemed for payment) by the party in possession. The payee (i.e. the person named in the "pay to" line) may also convert an instrument into a bearer ...
A cashier's check (or cashier's cheque, cashier's order, official check; in Canada, the term bank draft is used, [1] not to be confused with Banker's draft as used in the United States) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a bank employee. [2]
If the payee attempts to cash the check before the date on this line and the check bounces, the person who wrote the check and the one who cashes it could face fees from their bank. 7. Signature Line
A certified check (or certified cheque) is a form of check for which the bank verifies that sufficient funds exist in the account to cover the check, and so certifies, at the time the check is written. Those funds are then set aside in the bank's internal account until the check is cashed or returned by the payee.