What is the difference between a cashier's check and a certified check?
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A cashier's check is a check issued by a bank (signed by a bank officer, authorized employee or representative), and drawn on the same bank. XYZ Bank's cashier's check is a check issued by and payable by XYZ Bank.
A certified check is a check issued by a bank depositor on the depositor's account to which the payee bank adds its own promise to pay in the form of a signature by a bank officer or authorized representative and the word "CERTIFIED," both of which are placed on the front of the check. In doing so, the paying bank promises to pay the check when it is later presented by a person who is a lawful holder of the check, provided that the check has not been altered after it was certified.
The issuing bank in the case of a cashier's check, and the certifying bank in the case of a certified check, is primarily liable on such a check. Both cashier's and certified checks are subject to next day availability if deposited in person to an employee of a bank into an account of a payee.
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A cashier's check is a check issued by a bank (signed by a bank officer, authorized employee or representative), and drawn on the same bank. XYZ Bank's cashier's check is a check issued by and payable by XYZ Bank. 