banker's check

Definition

The same as cash and so, the check cannot be returned unpaid. This check is a bill of exchange to be paid on demand and drawn by one bank on another. Sometimes it is a check drawn by a bank on itself. Also called banker's draft or bank draft.

Use banker's check in a sentence

“ You may want to try and get a banker's check if you do not feel comfortable carrying around a lot of cash. ”

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“ When I wanted to buy a used car from a guy I met off Craigslist, he insisted that I pay him with a banker's check instead of one from my checking account. ”

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“ Someone tried to pay me with a banker's check for an online transaction, but I immediately became skeptical because I've heard many stories of them being forged. ”

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banker's bill banker's draft