There are 5 checks you might know about them:
1. Cashier, bank or official check:
This is a secure payment to make certain purchases called cash or bank or official check , the bank gives a guarantee check. A teller is needed to withdraw funds from the personal account cut the check to pay the recipient on your behalf.
2. Certified check:
An ensured check is a check ensured by the bank. When you write a check, the bank guarantees you enough money to cover your check until the check clears. This check has a certified stamp. Your fees depend on the bank and the size of the check.
3. Electronic check:
Electronic check, also known as E-check, an issuance of a personal digital check by the bank. You can pay automatically so you don’t need to remember the invoice section.
4. Money order:
These are the paid certificates that work like a check. The beneficiary can store it or use it. The main advantage is that you can buy them everywhere, even in grocery stores and also at the bank.
5. Giant check:
Winners price verification and lottery checks cannot be cashed, but they can receive their money by transfer transformation or through other transactions.