Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
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What Is a Banker's Check?
A banker's check, also known as a cashier's check or bank draft, is a check issued and guaranteed by a bank. The key distinguishing feature of a banker's check from a personal check is that the funds ...
According to the Expedited Funds Availability Act, passed in 1987, the first $200 of a check deposit must be made available by the next business day. The amount was later amended to $225. For deposits ...
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