Cashier's check

bank draftbank chequebank checkbank draftscashier's chequeCashiers checkOfficial checkCashier's chequeschecksdrawn upon deposits
A cashier's check (or cashier's cheque) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.wikipedia
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Banker's draft

bank draftbankers' draftdrafts
A cashier's check is not the same as a teller's check, also known as a banker's draft, which is a check provided to a customer of a bank or acquired from a bank for remittance purposes and drawn by the bank, and drawn on another bank or payable through or at a bank.

Cheque

Checkingcheckchecks
A cashier's check (or cashier's cheque) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.
Cashier's cheques and banker's drafts, also known as bank cheques, banker's cheques or treasurer's cheques, are cheques issued against the funds of a financial institution rather than an individual account holder.

Money order

money ordersPostal Money Ordermoney-order
One leading contractor is Integrated Payment Systems, which issues cashier's checks and coordinates redemption of the items for many banks, in addition to issuing money orders and other payment instruments.
Because of provisions within the USA PATRIOT Act and the Bank Secrecy Act, money orders have far more regulatory processing requirements than personal cheques, cashier's cheques, or certified cheques.

Certified check

certified chequecertifiedcheck
A cashier's check is also different from a certified check, which is a personal check written by the customer and drawn on the customer's account, on which the bank certifies that the signature is genuine and that the customer has sufficient funds in the account to cover the check.
It is possible to counterfeit or forge a certified cheque, in which case it is not binding on the bank and is worthless; see cashier's check for an exploration of associated risks.

Bank Secrecy Act

Bank Secrecy Act of 1970FBARanti-money laundering procedures
Because of US regulatory requirements associated with the Patriot Act and the Bank Secrecy Act due to updated concerns over money laundering, most insurance and brokerage firms will no longer accept money orders as payment for insurance premiums or as deposits into brokerage accounts.
A monetary instrument log (MIL) must indicate cash purchases of monetary instruments, such as money orders, cashier's checks, and traveler's checks valued between $3,000 and $10,000.

Bank

Bankingbankerbanking system
Cashier's checks feature the name of the issuing bank in a prominent location, usually the upper left-hand corner or upper centre of the check.

Watermark

watermarkswatermarkedDandy roll
In addition, they are generally produced with enhanced security features, including watermarks, security thread, color-shifting ink, and special bond paper.

Security thread

3D Security Thread
In addition, they are generally produced with enhanced security features, including watermarks, security thread, color-shifting ink, and special bond paper.

Optically variable ink

color shifting inkColour changing inkColor-shifting ink
In addition, they are generally produced with enhanced security features, including watermarks, security thread, color-shifting ink, and special bond paper.

Payment

paymentscompensationpayee
The payee's name, the written and numeric amount to be tendered, the remitter's information, and other tracking information (such as the branch of issue), are printed on the front of the check.

Bank officer

bank executiveofficers
The check is generally signed by one or two bank employees or officers; however, some banks issue cashier's checks featuring a facsimile signature of the bank's chief executive officer or other senior official.

Facsimile

facsimilesfacsimile editioncopy
The check is generally signed by one or two bank employees or officers; however, some banks issue cashier's checks featuring a facsimile signature of the bank's chief executive officer or other senior official.

Chief executive officer

CEOManaging DirectorChief Executive
The check is generally signed by one or two bank employees or officers; however, some banks issue cashier's checks featuring a facsimile signature of the bank's chief executive officer or other senior official.

Account (bookkeeping)

accountaccountsaccompts
Some banks contract out the maintenance of their cashier's check accounts and check issuing.

Credit union

credit unionscaisse populairefederal credit union
In theory, checks issued by a financial institution but drawn on another institution, as is often the case with credit unions, are teller's checks.

Uniform Commercial Code

UCCUniform Commercial Code (UCC)commercial jurisprudence
In the United States, under Article 3 of the Uniform Commercial Code, a cashier's check is effective as a note of the issuing bank.

Expedited Funds Availability Act

Regulation CC
Also, according to Regulation CC (Reg CC) of the Federal Reserve, cashier's checks are recognized as "guaranteed funds" and amounts under $5,000 are not subject to deposit hold, except in the case of new accounts.

Federal Reserve

Federal Reserve SystemUS Federal ReserveU.S. Federal Reserve
Also, according to Regulation CC (Reg CC) of the Federal Reserve, cashier's checks are recognized as "guaranteed funds" and amounts under $5,000 are not subject to deposit hold, except in the case of new accounts.

Canada

CanadianCANCanadians
In Canada, bank drafts carry the same legal weight as standard checks but are provided as a service to clients as a payment instrument with guaranteed funds.

Patriot Act

USA PATRIOT ActUS Patriot ActU.S. Patriot Act
Because of US regulatory requirements associated with the Patriot Act and the Bank Secrecy Act due to updated concerns over money laundering, most insurance and brokerage firms will no longer accept money orders as payment for insurance premiums or as deposits into brokerage accounts.

Money laundering

money-launderinglaunderinganti-money laundering
Because of US regulatory requirements associated with the Patriot Act and the Bank Secrecy Act due to updated concerns over money laundering, most insurance and brokerage firms will no longer accept money orders as payment for insurance premiums or as deposits into brokerage accounts.

EBay

E-bayeBay.comeBay Inc
Counterfeit money orders and cashier's checks have been used in certain scams to steal from those who sell their goods online on sites such as eBay and Craigslist.

Craigslist

craigslist.orgadult services section of CraigslistCraig's List
Counterfeit money orders and cashier's checks have been used in certain scams to steal from those who sell their goods online on sites such as eBay and Craigslist.