I’ve been seeing the what is a bank check and I’m a bit confused. Is it the same as a regular check, or is there a difference? How does it work, and when would you typically use a bank check instead of a regular one?
The definition of a bank check states that a check is a payment option whereby a bank depositor directs the bank to pay a definite sum of money from his account to a particular beneficiary.
Bank check (cashiers check) is a bank guaranteed and issued check that is more secure compared to a personal one. It is normally used in making the big payments such as cars or houses whereby there is a need to be assured of money.
