The main difference between a certified check and a cashier's check is that the bank is primarily liable on a certified check,but only secondarily liable on a cashier's check.

Question

Quizplus · Accepted Answer

A cashier's check differs from a certified check.A check on which a bank is both the drawer and the drawee is a cashier's check.The bank is primarily liable on the cashier's check.At the time a bank certifies a check,the bank usually debits the customer's account for the amount of the certified check and shifts the money to a special account at the bank.It also adds its signature to the check to show that it has accepted primary liability for paying it.Therefore,a bank is both primarily liable for a certified check and a cashier's check.

The Main Difference Between a Certified Check and a Cashier's