Types of Checks: Consumer Math
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Cashier's Check
A check bought from a bank with payment guaranteed by the bank. A fee is involved, but it is accepted 'as good as cash'
Personal Check
A hand-written document used to pay for purchases using funds in a personal checking account
Certified Check
A personal check that the bank guarantees or certifies to be good. Can't put a stop payment on it.
Money Order
A printed order for payment of a specified sum, issued by a bank or post office. As good as cash since it is prepaid.
Traveler's Check
Check forms in specific denominations that are used instead of cash while traveling. A fee is involved. You sign it, then when used, you sign it again.
