Certified funds are monies that are guaranteed by the bank. When a bank issues certified funds, the monies are already taken from the customer's bank account and are guaranteed to be available to the creditor, according to About.com.Know More
According to Select CD Rates, a bank can disperse certified funds as a certified check, cashier's check, money order or wire transfer. In each of these instances, the funds must be immediately available and given to the bank before the bank can issue the certified funds payment.
The Missouri Department of Insurance explains that a certified funds payment may be required for some large purchases, such as the down payment for purchasing a home, as a method of guarantee of funds for the seller.Learn more about Personal Banking
The online services provided by People's United Bank are paying bills, transferring funds, viewing account balances, and allowing customers to receive electronic statements and stop receiving paper bills. Customers can enroll for online banking to take advantage of all of the online banking options available.Full Answer >
First Convenience Bank offers several online services to customers with checking accounts, such as an online portal for monitoring accounts, electronic statements and tools to transfer funds between accounts, as of 2015. It also offers email alerts for various circumstances, including balance levels and the ability to pay bills online.Full Answer >
A certified bank draft is a form of payment with guaranteed funds availability that a bank issues. Before issuing the certified bank draft, the teller looks at the requester's account to determine whether enough money is in place to allow the draft to clear.Full Answer >
Deutsche Bank's db Online Banking platform provides a number of services, including the ability to view one's account information, make payments, and transfer funds, according to the bank's website. Other features include the ability to set up text and email alerts, as well as access exclusive shopping promotions.Full Answer >