Cashier’s checks do have signatures. However, the key distinction is that the signature on a cashier’s check is that of the bank, not the customer. When a customer requests a cashier’s check, they provide the bank with the necessary funds, and the bank then issues a check in the customer’s name. The bank will typically have a designated representative, such as a cashier or a bank officer, who signs the check on behalf of the bank. This signature serves as a guarantee that the check is genuine and backed by the bank’s funds.
On the other hand, certified checks are signed by the customer who is purchasing the check. When a customer requests a certified check, they provide the bank with the necessary funds, and the bank sets aside those funds in a separate account. The bank then certifies that the funds are available and places a hold on the account to ensure that the check will be honored when presented for payment. The customer is then required to sign the check, indicating that they authorize the bank to deduct the specified amount from their account when the check is presented for payment.
It’s worth noting that both cashier’s checks and certified checks are considered official checks issued by the bank. They are often used in situations where a more secure form of payment is required, such as for large purchases or transactions involving unfamiliar parties. The use of these checks provides a level of assurance to the recipient that the funds are guaranteed and will be available for payment.
In my personal experience, I have used both cashier’s checks and certified checks for various transactions. For example, when I purchased a used car from a private seller, they requested payment in the form of a cashier’s check. I went to my bank, provided them with the necessary funds, and they issued a cashier’s check in the seller’s name. The check had the bank’s signature, and I felt confident that the funds were secure and would be accepted by the seller.
Similarly, when I needed to pay a security deposit for a new apartment, the landlord requested a certified check. I provided the bank with the funds and signed the check myself, indicating my authorization for the bank to deduct the specified amount from my account. This provided the landlord with the assurance that the funds were available and would be honored when the check was presented for payment.
Cashier’s checks are signed by the bank, while certified checks are signed by the customer. Both types of checks are official and provide a secure form of payment for various transactions.