Editing Cheque (section)

=== Cashier's cheques and bank drafts ===
{{Main|Cashier's check}}

[[Cashier's check|Cashier's cheques]] and [[banker's draft]]s, also known as '''bank cheques''', '''banker's cheques''' or '''treasurer's cheques''', are cheques issued against the funds of a financial institution rather than an individual account holder. Typically, the term ''cashier's check'' is used in the US and ''banker's draft'' is used in the UK and most of the Commonwealth. The mechanism differs slightly from country to country but in general the bank issuing the cheque or draft will allocate the funds at the point the cheque is drawn. This provides a guarantee, save for a failure of the bank, that it will be honoured. Cashier's cheques are perceived to be as good as cash but they are still a cheque, a misconception sometimes exploited by scam artists. A lost or stolen cheque can still be stopped like any other cheque, so payment is not completely guaranteed.