Cashier's checks, money orders, and traveler's checks are secured check alternatives to a personal check and therefore are more risk-free for the payee.

Question

Quizplus · Accepted Answer

Cashier's checks, money orders, and traveler's checks are guaranteed forms of payment that offer more security to the payee because the funds are prepaid or secured by the issuing institution, reducing the risk of the check bouncing or fraud.

Cashier's Checks, Money Orders, and Traveler's Checks Are Secured Check