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. ”

​ Was this Helpful? YES  NO 10 people found this helpful.

“ 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. ”

​ Was this Helpful? YES  NO 4 people found this helpful.

“ 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. ”

​ Was this Helpful? YES  NO 7 people found this helpful.

Show more usage examples...

Most Viewed

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
banker's bill banker's draft