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What is a certified check?

Can a bank certify for a charge that funds are available for the check ? Is there a fee charged for the service ?

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تم إضافة السؤال من قبل Subhranshu Ganguly , Quality Analyst. , WIPRO
تاريخ النشر: 2014/01/29
Fazal Ebrahim Dawood
من قبل Fazal Ebrahim Dawood , Chief Executive Officer , Stardist Ltd

Yes Banks issue certified checks and block the necessary funds on your account to effect payment and charge a fee for same. Quite common practice in banking . 

Mohammad Tohamy Hussein Hussein
من قبل Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

A check stamped by the bank to ensure that the amount is reserved to pay the check as soon as it is presented to the bank for collection by an authorized party.

Mohammed Salim Allana
من قبل Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

As explained it is a general banking practise, where bank guarantee to honor such check at a nominal fees and block the amount of the cheque for payment.

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