A banker’s cheque is prepaid and it is mostly issued by a bank. A banker’s cheque is different from the normal cheque in that, the latter is not prepaid.
How long should you wait for the approval of the bank’s cheque?
The money in the bank’s cheque is accessible four days after it has been paid. However, it will not ensure that it is settled up to six business days after paying it. If you spend the money in the meantime, you may have to pay it back.
When should you use a bank’s cheque?
Bank’s cheques are often used for large amounts and when people or organizations do not accept personal cheques.
At Capital Sacco, we value you and that is why we provide bank’s cheque selling services. For more details about such services, please feel free to contact us.