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A cashier may be required to know value and features of items for which money is received; may cash checks; may give cash refunds or issue credit memorandums to customers for returned merchandise; and may operate ticket-dispensing machines and the like. In one form or another, cashiers have been around for thousands of years.
Famous victims of cashiering include Francis Mitchell (1621), Thomas Cochrane, 10th Earl of Dundonald (after the Great Stock Exchange Fraud of 1814), Justus McKinstry, Alfred Dreyfus (1894, see trial and conviction of Alfred Dreyfus and Dreyfus affair), and Philippe Pétain (1945, stripped of all ranks and honors except Marshal of France).
The counterfeit cashier's check scam is a scheme wherein the victim is sent a cashier's check or money order for payment on an item for sale on the Internet. When the money order is taken to the bank it may not be detected as counterfeit for 10 business days or more, but the bank will deposit the money into the account and state that it has ...
A cashier’s check, also known as an official bank check, is a payment instrument issued by a bank or credit union to a third party, usually on behalf of a bank customer who pays the bank the ...
The cashier’s check is then a legal and valid form of payment. Securely store your check until you plan to use it. Once your cashier’s check is in your hands, treat it like cash.
Cashier’s checks are harder to replace than money orders if lost or stolen. The bank that issued the check might require you to buy an indemnity bond from an insurance company for the amount of ...
Issuing negotiable items (cashier's checks, traveler's cheques, money orders, federal draft issuances, etc.) Payment collecting; Promotion of the financial institution's products (loans, mortgages, etc.) Facilitating applications for retail credit products (short-term financing, credit cards, etc.) Business referrals (trust, insurance, lending ...
Cashier's checks, often used for down payments on homes or vehicles, serve as a bank-certified alternative to personal checks. Rather than being drawn from the funds in a personal account, a ...