Cashier's check is an instrument issued by the bank promising that the bank will unconditionally pay a certain amount to the beneficiary or check holder upon cashier's check presentation.

Features

It is easy for the check holder to carry. The Bank Order can be endorsed for further circulation.

The bank will make payment upon presentation of the Bank Order, which makes settlement very swift. Bank Order can be used for fund transfer. If the Bank Order is indicated “cash”, the holder can withdraw cash with it.

Scope of application

Bank Order is accepted as payment for various purposes within the same bank clearing region.