teller's check

15:18 Feb 28, 2011 

Åsa makes an interesting point about "teller's check". But I wonder,
WHY would a bank draw a check on another bank in the same country?
And one wonders if the original writer is aware of the distinction that Åsa makes. The spelling suggests the US rather than UK, and usage varies within the US. An instrument drawn on the issuing bank itself is called
a "cashier's check" in California, but I have run into a bank in NY which
insisted it was called a "bank check". Go figure!

14:45 Feb 28, 2011 

"Postväxel" is the correct translation for cashier's check, but a teller's check is not the same as a cashier's check. A teller's check involves two different banks. Teller's check: a check written by a bank/financial institution on funds from an account at another bank/financial institution and signed by a teller at the first bank/financial institution. Cashier's check: check written by bank/financial institution on its own funds and signed by the bank's cashier. See e.g. BusinessDictionary.com. Utlandscheck might work if it is an international check, but it may just be a check involving two Swedish banks. I have not been able to find the correct Swedish term myself.