Cashier’s Check

What is a Cashier’s Check?

In business it is often the case that a supplier will demand payment before supplying goods. One method of dealing with this is for the business to ask it’s bank for a cashier’s check.

The bank will charge the customers account with the amount and then provide the cashier’s check drawn on the bank’s own funds and signed by a cashier.

As the bank has assumed responsibility for the amount, the cashier’s check is in effect guaranteed payment.

A cashier’s check is sometimes referred to using any of the following names:

  • Cashier’s cheque
  • Banker’s cheque
  • Bank cheque
  • Banker’s draft
  • Treasurer’s cheque
  • Official cheque
  • Demand draft
  • Teller’s cheque

For further information on a cashiers check see

Learn a new bookkeeping term

Random bookkeeping terms for you to discover.

Link to this page

Click in the box and paste this cashier’s check definition link to your site.

Return to the Dictionary

Cashier’s Check March 23rd, 2016Team

You May Also Like


Related pages


meaning of amortisebookkeeping cycledeferral definition accountingbookkeeping excelbreakeven formulasexcel function irrhow to enter contra entry in tallyaccounting credits and debitsmarkup calculationspurchase template excelexcel data entry form template excel 2007the specific identification method of inventory costinghow to calculate bad debt provisionfuture value ordinary annuity formulastandard variable overhead rate formulaallowance for doubtful accounts journal entryconvert accrual to casheffective interest amortization calculatorzero based budgeting disadvantagesimpairment loss journal entryposting general ledgercalculate depreciation expense straight line methodaccounts receivable aging templatedepreciation expense entryaccounting quizzesreconcile retained earningsinvoice reconciliation process9 steps of accounting cyclehow to solve bank reconciliation statementdisposal of fixed assets in balance sheetsimple general ledgerfv pmt calculatorpmt excel functiondebtors turnover daysreducing balance depreciation formulawhat is the formula for straight line depreciationthe entry to replenish a petty cash fund includescash internal controls checklistunits of production calculatorstraight line depreciation method calculatorbreakeven calculatorsgross margin calculation excelpetty cash fund definitioncoupon rate bond calculatorlabor variancesfinancial ratios calculator excelbookkeeping template excelsample chart of accounts for rental propertyjournal adjusting entriescar loan accounting entryreturns inwards and outwardsformula for manufacturing overheadjob card format excel sheetsmall business accounting excel templatepv annuity formulajournal entry unrealized gainhow to calculate coverage ratiosum of years digits formulaaccounting rate of return exampleinventory turnover times formulaaccounts reconciliation templateincome statement vertical analysisprepayment and accrualspetty cash assetliquidity ratio acid testaccounts and ledgersaccounts receivable test questions answershow to calculate direct material price varianceexamples of revenue receipts and capital receiptsdebt service calculator excel