What is cash pres cheque?

A cash pres cheque, often referred to as a "cashier's check," is a secure form of payment issued by a bank, guaranteeing the funds are available. It is drawn against the bank's own funds rather than an individual account, providing a higher level of security for the recipient. These checks are commonly used for large transactions, such as real estate purchases, where the seller requires assurance of payment. To obtain a cashier's check, the buyer typically pays the bank the amount of the check plus any applicable fees.