What are certified funds?

[indebt00]

is it just a certified check from the bank or is it a money order too?

thanks

[Nicollette]

is it just a certified check from the bank or is it a money order too?

thanks

I believe certified funds would be a cashier's check from your bank or credit union, plus a money order.

[justbroke]

Certified funds are those checks issued by a Bank including money orders, Bank Checks, Cashier's Checks, or a Certified Check.

I've only used a real "Certified Check" once in my life. It was basically a personal check that was "certified" by the bank. They actually punched a hole through the MICR account encoding and did some other things to the check. They also withdraw or hold the money from your account immediately upon certifying the check. Most of the time I get a Bank Check (since they're free to me). Money Orders are also common forms of "certified" funds.

[indebt00]

Certified funds are those checks issued by a Bank including money orders, Bank Checks, Cashier's Checks, or a Certified Check.

I've only used a real "Certified Check" once in my life. It was basically a personal check that was "certified" by the bank. They actually punched a hole through the MICR account encoding and did some other things to the check. They also withdraw or hold the money from your account immediately upon certifying the check. Most of the time I get a Bank Check (since they're free to me). Money Orders are also common forms of "certified" funds.

so I can use money orders to make my monthly payments....good. I will ask my bank if I get free bank checks too...thanks