What Is a Cashier’s Check? Purpose, Uses & What Happens If It’s Not Cashed

Key Takeaways A cashier’s check is a bank-backed, prepaid payment instrument, so it generally cannot be dishonoured for insufficient funds. In India, the closest commonly used bank-issued instruments are demand drafts, banker’s cheques, and pay orders. These instruments are commonly used when the recipient needs confidence that the payment is backed by funds, such as […] The post What Is a Cashier’s Check?