Cutting a personal check won’t always suffice when you need to make a large transaction. In certain cases, you and the other individual or organization involved in your transaction may need an additional level of protection when receiving payment. This is when a bank-certified check may be required for payment as it reduces the chances of falling prey to scams. <\/p>\n\n\n\n
Certified checks often help minimize risk and make transactions more convenient for all parties. They can also be a decent choice for making purchases in some circumstances where cash or a normal check isn’t secure enough.<\/p>\n\n\n\n
In some instances, a certified check is identical to a regular personal check from a checkbook. There is however one major difference: a certified check is guaranteed by the check-bank. Writing a certified check verifies that the checking account has sufficient funds to cover the check’s value.<\/p>\n\n\n\n
Because it helps ensure the availability of funds for the transaction, a certified check adds an additional layer of security that the check is legitimate and will not bounce. It also assures both the buyer and the seller that they can get what they want out of the transaction. <\/p>\n\n\n\n
For the most part, certified checks are not often required for daily transactions. They’re typically needed for bigger transactions, like:<\/p>\n\n\n\n