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Are Official Checks and Cashier's Checks the Same?

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Is an Official Check considered the same as a Cashier's Check under the Reg CC next day availability rules?

The term "official check" has no specific, legal meaning under Regulation CC or the Uniform Commercial Code. It may or may not be a cashiers check.

Regulation CC definition:
(i) Cashier's check means a check that is
(1) Drawn on a bank;
(2) Signed by an officer or employee of the bank on behalf of the bank as drawer;
(3) A direct obligation of the bank; and
(4) Provided to a customer of the bank or acquired from the bank for remittance purposes.

When you receive an item and it is drawn on a bank and signed by an employee of that bank I suggest you treat it as a cashiers check for availability purposes even if it is labeled as an official check.

First published on 06/2/03

First published on 06/02/2003

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