Bank Branch Manager Question:
Explain me what is cashier's cheque?
Answer:
A cashier cheque issued by the bank on behalf of the customer and takes the guarantee for the payment. The payment is done from the bank's own funds and signed by the cashier. The cashier cheque is issued when rapid settlement is necessary.
Previous Question | Next Question |
Do you know how bank earns profit? | Do you know what is investment banking? |