A manager’s cheque is a secure cheque that the bank issues to purchasers. Payment for the cheque can be done via cash or funds from a bank account, this guarantees acceptance of the cheque by the receiving party.

 

Paying with a manager’s cheque is preferable to paying with large sums of cash for both convenience and safety. The recipient of the cheque knows that the cheque is good for the amount written and does not waste time or money on a cheque backed with insufficient funds.