What is the Difference between Official, Personal, Cashier and Certified Check
Money is of great importance to man and is the major thing which is used to exchange material. The present system of the society is based on this money and is of great importance to the man. The money is of many types. There is paper money which is most commonly used but also plastic money and more secure form is cheque and money order. The cheques are issued by the bank and they issue it against the money which is kept in the accounts of the banks by the customers. The cheques are of many types and some of these types are discussed here.
Official Cheque
Official cheque is those which are issued by the offices in form of Chelan form and is usually for the administrative use and purpose. It is a transaction between that office and the bank.
Personal Cheque
It is a type of cheque which is drawn by the cheque holder from its personal account which is present in the bank. This transaction is processed from the personal account of the cheque holder.
Cashier Cheque
It is a cheque of cheque which is guaranteed by the bank and the amount which is imprinted or written on the cheque is promised to be paid by the bank when the holder claims it
Certified Cheque
It is type of cheque in which the bank first certify that the account holder has the sufficient amount in the desire account from which he wants to process the transaction and this transaction is also legal.
Official Cheque Vs Personal Cheque Vs Cashier Cheque Vs Certified Cheque
Official cheques are those which are issued by the offices and are processed by the office accounts while personal cheques are processed by the bank from personal account of the claimer. Cashier cheque has guarantee of the bank and certified cheque are those for which banks certify that whether there is enough amount present or not in the account.
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