What is an official check issued by a bank?

Answer An official check is a check drawn by a bank from its own funds, that guarantees the money is available for payment. When an official check is cashed, the money is coming directly from the bank, no... Read More »

Top Q&A For: What is an official check issued by a bank

How long can a bank hold an official check?

A payroll check can be held up to seven business days, but is often available sooner. Government checks are typically held no more than one business day after the check was deposited. Exception hol... Read More »

Which president issued an official proclamation making Labor Day a holiday?

President Grover Cleveland issued the official proclamation that made Labor Day a national holiday in the United States in 1892. Cleveland founded Labor Day in an attempt to appease labor unions fo... Read More »

How Can I Tell What Bank Issued a Credit Card?

The majority of credit cards are issued by banks or similar financial institutions. You can identify the bank by the BIN, or "bank identification number," which is also the first four to six digits... Read More »

Who insures a certificate of deposit issued by a bank?

Certificates of Deposits in the United States are insured by the U.S. Federal Deposit Insurance Corporation, a federal agency created to protect the deposits of consumers and businesses at banks an... Read More »