A certified cheque is a guaranteed form of payment, which means there’s no chance of insufficient funds when the cheque is cashed. Certified cheques are purchased for a fee. Many or all of the ...

A certified check tells a seller that your bank has verified that you have sufficient funds to cover the amount. In contrast, a cashier’s check is when a financial institution covers the funds for the ...

When you buy a big-ticket item like a car or make a large payment, such as a down payment on a house, you may be asked to pay with a certified check or a cashier’s check. These checks are less likely ...

Which type of check should you give to a recipient? Many people decide between cashier’s checks and certified checks for larger purchases. These checks allow you to transfer funds to a recipient, but ...

Candice Reeves is a financial writer based out of Nova Scotia. She specializes in personal finance, investing, and cryptocurrency. Her work is featured in leading publications across various ...