{"id":10779,"date":"2024-01-12T00:48:57","date_gmt":"2024-01-12T05:48:57","guid":{"rendered":"https:\/\/myratecompass.ca\/blog\/?p=10779"},"modified":"2024-01-12T00:51:46","modified_gmt":"2024-01-12T05:51:46","slug":"a-comprehensive-guide-to-certified-cheques-in-canada","status":"publish","type":"post","link":"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/","title":{"rendered":"A Comprehensive Guide to Certified Cheques In Canada"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/#How_Do_Certified_Cheques_Work\" title=\"How Do Certified Cheques Work?\">How Do Certified Cheques Work?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/#Whats_The_Difference_Between_Certified_Cheques_And_Regular_Cheques\" title=\"What\u2019s The Difference Between Certified Cheques And Regular Cheques?\">What\u2019s The Difference Between Certified Cheques And Regular Cheques?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/#When_Do_You_Use_A_Certified_Cheque\" title=\"When Do You Use A Certified Cheque?\">When Do You Use A Certified Cheque?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/#How_To_Get_A_Certified_Cheque\" title=\"How To Get A Certified Cheque\">How To Get A Certified Cheque<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/#The_Potential_Risks_And_Disadvantages_Of_Certified_Cheques\" title=\"The Potential Risks And Disadvantages Of Certified Cheques\">The Potential Risks And Disadvantages Of Certified Cheques<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/#How_To_Avoid_Certified_Cheque_Fraud\" title=\"How To Avoid Certified Cheque Fraud\">How To Avoid Certified Cheque Fraud<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/#What_Happens_If_You_Try_To_Cash_A_Fraudulent_Cheque\" title=\"What Happens If You Try To Cash A Fraudulent Cheque? \">What Happens If You Try To Cash A Fraudulent Cheque? <\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10779\" class=\"elementor elementor-10779\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c525c2f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c525c2f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1445723\" data-id=\"1445723\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bf83c19 elementor-widget elementor-widget-text-editor\" data-id=\"bf83c19\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>A certified cheque is a cheque that <b>comes with a guarantee<\/b> from the bank issuing it, making it a more secure form of payment for large transactions. While this form of payment is becoming less common in Canada, there are still nearly a billion cheques issued in Canada every year.\u00a0<\/p><p>If you want to learn more about the advantages of certified cheques and how to obtain and use them, this article outlines everything you need to know.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1046b39 elementor-widget elementor-widget-heading\" data-id=\"1046b39\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_Do_Certified_Cheques_Work\"><\/span><b>How Do Certified Cheques Work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d19fa7 elementor-widget elementor-widget-text-editor\" data-id=\"9d19fa7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Certified cheques are often used in <b>large transactions,<\/b> such as house or car purchases. These require a higher degree of <b>security <\/b>and <b>proof <\/b>that payment will be completed. A certified cheque not only assures the payee of the payment but also adds a layer of protection for the payer by creating a <b>paper trail<\/b>.<\/p><p><b>Certified cheques work through<\/b> <b>bank verification<\/b>. You need to request a certified cheque from your bank, which verifies that you have the necessary funds and <b>sets these funds aside<\/b> to cover the cheque until it is cashed or deposited. The bank also validates your signature and <b>stamps your cheque<\/b>\u00a0to prove that it is certified.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ec15be elementor-widget elementor-widget-heading\" data-id=\"5ec15be\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Whats_The_Difference_Between_Certified_Cheques_And_Regular_Cheques\"><\/span><b>What\u2019s The Difference Between Certified Cheques And Regular Cheques?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5674072 elementor-widget elementor-widget-text-editor\" data-id=\"5674072\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While both certified cheques and regular cheques are means of payment, there are some key differences between them:<\/p><p>A <b>regular cheque <\/b>is a written order from an account holder instructing their bank to pay a specified amount from their account into someone else\u2019s account. The funds for a regular cheque are not guaranteed by the bank, and if the account holder doesn\u2019t have sufficient funds the cheque will bounce when presented for payment.\u00a0<\/p><p>A <b>certified cheque <\/b>is a type of cheque for which the bank verifies that there are sufficient funds in the account, and those funds are set aside specifically for that cheque. Unlike a regular cheque, the funds for a certified cheque are<b> withdrawn from your account immediately<\/b> when the cheque is issued. This means that once the cheque is written, the funds are guaranteed by the bank and will be paid when the cheque is cashed.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e82623 elementor-widget elementor-widget-heading\" data-id=\"3e82623\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"When_Do_You_Use_A_Certified_Cheque\"><\/span><b>When Do You Use A Certified Cheque?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdfd27d elementor-widget elementor-widget-text-editor\" data-id=\"cdfd27d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Outside of being used for significant transactions that require a secure form of payment, certified cheques are also useful in cases where the <b>payer and payee do not know each other well.<\/b> In such a situation, a certified cheque can reassure the payee that the payer has the funds necessary to cover the cheque. A common example of this situation is online payment.\u00a0<\/p><p>Certified cheques can also be useful in situations where a regular cheque would take too long to clear. Since the funds are set aside immediately, <b>a certified cheque can be cashed or deposited right after it is issued<\/b>, making it a faster payment method than a regular cheque.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f34464c elementor-widget elementor-widget-heading\" data-id=\"f34464c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Get_A_Certified_Cheque\"><\/span><b>How To Get A Certified Cheque<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f86b200 elementor-widget elementor-widget-text-editor\" data-id=\"f86b200\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To obtain a certified cheque, contact your bank or <b>go to your bank<\/b> and request one. You will need to <b>provide your bank with the following:<\/b><\/p><ul><li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The name of the payee.<\/li><li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The amount for the cheque.<\/li><li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Your account number.<\/li><li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Some form of identification. <\/li><li>\u00a0<\/li><\/ul><p>Once the bank has verified your account and the funds, they will print the certified cheque and stamp it to indicate its certified status. Your bank <b>may charge a fee for this service,<\/b> but this varies from bank to bank.\u00a0<\/p><p><b>How to cash a certified cheque:\u00a0<\/b><\/p><p>Once your payee has the cheque, they will need to cash it. They can do this by signing the back of the cheque, providing a form of identification, and then waiting for the bank to verify the cheque to ensure everything is in order. It&#8217;s important to note that while a certified cheque is guaranteed to clear, it <b>can still be reversed if it is found to be fraudulent.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8df8133 elementor-widget elementor-widget-heading\" data-id=\"8df8133\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"The_Potential_Risks_And_Disadvantages_Of_Certified_Cheques\"><\/span><b>The Potential Risks And Disadvantages Of Certified Cheques<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02b907f elementor-widget elementor-widget-text-editor\" data-id=\"02b907f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While certified cheques offer many advantages, there are also some potential risks and disadvantages to consider. The main ones to consider are listed below:\u00a0<\/p><ul><li><b>Cost<\/b>. Many banks charge a fee for issuing certified cheques, and these fees can add up if you use certified cheques regularly. The typical fee for certified cheques in Canada is<b> $10 to $20<\/b> per cheque. <\/li><li>\u00a0<\/li><li><b>Limited access to funds if transactions fall through<\/b>. If you wish to withdraw from your side of a payment, you will not have immediate access to the funds put aside for your certified cheque. You may have to wait for the cheque to be returned before gaining access to your funds. <\/li><li>\u00a0<\/li><li><b>Risk of fraud<\/b>. Because certified cheques are considered such a secure form of payment, fake certified cheques are often used to scam people. <\/li><li>\u00a0<\/li><\/ul><p>To learn more about certified cheque fraud and how to protect yourself from it, read the following section.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74e8964 elementor-widget elementor-widget-heading\" data-id=\"74e8964\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Avoid_Certified_Cheque_Fraud\"><\/span><b>How To Avoid Certified Cheque Fraud<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35b95ef elementor-widget elementor-widget-text-editor\" data-id=\"35b95ef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Unfortunately, certified cheque fraud is a common scam. Fraudsters create fake certified cheques and use them to purchase goods or services. Once the cheque is cashed and the goods or services have been provided, the cheque is returned as fraudulent, leaving the bank or payee to cover the costs.\u00a0<\/p><p>One way to protect yourself is to <b>look out for red flags<\/b>, such as the following:\u00a0<\/p><ul><li><b>Cheques for more than the agreed-upon amount.<\/b> Scammers may ask you to send the excess funds back to them when they never sent you any money to begin with.<\/li><li>\u00a0<\/li><li><b>Cheques from overseas or an unfamiliar bank<\/b>. These are often used in scams because they are harder to verify. <\/li><li>\u00a0<\/li><li><b>It seems too good to be true.<\/b> If someone is offering to pay much more for something, be wary. Any reasonable person would not pay more than an agreed-upon price for a service. <\/li><li>\u00a0<\/li><li><b>The payer wants to rush the transaction<\/b>. Unless there is a logical reason for a payment to go through quickly, someone trying to rush a transaction may be a red flag.\u00a0<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-949effb elementor-widget elementor-widget-heading\" data-id=\"949effb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_Happens_If_You_Try_To_Cash_A_Fraudulent_Cheque\"><\/span><b>What Happens If You Try To Cash A Fraudulent Cheque? <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-154e460 elementor-widget elementor-widget-text-editor\" data-id=\"154e460\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Banks have a responsibility to protect their customers from fraud. They do this by verifying a customer\u2019s identity and checking for tampering.\u00a0 <b>If the bank\u2019s procedures fail they will bear the cost of a fraudulent cheque. <\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28d64b0 elementor-widget elementor-widget-heading\" data-id=\"28d64b0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bae384a elementor-widget elementor-widget-text-editor\" data-id=\"bae384a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In a world moving steadily away from cheques as payment, certified cheques represent a secure and reliable form of payment. While this payment method is ideal for large transactions that require high levels of confidence in the reliability of the payer, certified cheques come with their own set of risks and fees. It\u2019s important to be aware of the associated risks such as potential fraud whenever you issue or try to cash a certified cheque, and to use this method with discretion.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span> A certified cheque is a cheque that comes with a guarantee from the bank issuing it, making it a more secure form of payment for large transactions. While this form of payment is becoming less common in Canada, there are still nearly a billion cheques issued in Canada every year.\u00a0 If you want to learn&hellip; <a class=\"more-link\" href=\"https:\/\/myratecompass.ca\/blog\/chequing\/a-comprehensive-guide-to-certified-cheques-in-canada\/\">Continue reading <span class=\"screen-reader-text\">A Comprehensive Guide to Certified Cheques In Canada<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":10781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[6],"tags":[21],"class_list":["post-10779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chequing","tag-blog-post-template-1-main-template-to-use","entry"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-scaled.jpg",924,924,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-300x300.jpg",300,300,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-768x768.jpg",750,750,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-1024x1024.jpg",750,750,true],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-1536x1536.jpg",924,924,true],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-2048x2048.jpg",924,924,true],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-1568x1568.jpg",924,924,true],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-250x250.jpg",250,250,true]},"post_excerpt_stackable":"<p>Table of Contents How Do Certified Cheques Work?What\u2019s The Difference Between Certified Cheques And Regular Cheques?When Do You Use A Certified Cheque?How To Get A Certified ChequeThe Potential Risks And Disadvantages Of Certified ChequesHow To Avoid Certified Cheque FraudWhat Happens If You Try To Cash A Fraudulent Cheque? Conclusion Reading Time: 4 Min A certified cheque is a cheque that comes with a guarantee from the bank issuing it, making it a more secure form of payment for large transactions. While this form of payment is becoming less common in Canada, there are still nearly a billion cheques issued in&hellip;<\/p>\n","category_list":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/chequing\/\" rel=\"category tag\">Chequing<\/a>","author_info":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-scaled.jpg",924,924,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-300x300.jpg",300,300,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-768x768.jpg",750,750,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-1024x1024.jpg",750,750,true],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-1536x1536.jpg",924,924,true],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-2048x2048.jpg",924,924,true],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-1568x1568.jpg",924,924,true],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-250x250.jpg",250,250,true]},"post_excerpt_stackable_v2":"<p>Table of Contents How Do Certified Cheques Work?What\u2019s The Difference Between Certified Cheques And Regular Cheques?When Do You Use A Certified Cheque?How To Get A Certified ChequeThe Potential Risks And Disadvantages Of Certified ChequesHow To Avoid Certified Cheque FraudWhat Happens If You Try To Cash A Fraudulent Cheque? Conclusion Reading Time: 4 Min A certified cheque is a cheque that comes with a guarantee from the bank issuing it, making it a more secure form of payment for large transactions. While this form of payment is becoming less common in Canada, there are still nearly a billion cheques issued in&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/chequing\/\" rel=\"category tag\">Chequing<\/a>","author_info_v2":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num_v2":"0 comments","jetpack_featured_media_url":"https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/01\/A-Comprehensive-Guide-to-Certified-Cheques-In-Canada-scaled.jpg","_links":{"self":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/10779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/comments?post=10779"}],"version-history":[{"count":13,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/10779\/revisions"}],"predecessor-version":[{"id":11189,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/10779\/revisions\/11189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media\/10781"}],"wp:attachment":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media?parent=10779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/categories?post=10779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/tags?post=10779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}