Which type of check can be used as a form of guaranteed payment?

A cashier's check, bank draft, and certified check all serve as forms of guaranteed payment.

A cashier's check is issued by a bank and is backed by the bank's own funds, making it a secure payment method. The bank guarantees that the funds are available, eliminating the risk of bouncing due to insufficient funds.

A bank draft is similar to a cashier's check in that it is also guaranteed by the bank. When you request a bank draft, the bank withdraws the funds from your account and issues a check on its own funds, ensuring payment upon presentation.

A certified check is a personal check that the bank verifies and guarantees, confirming that the account holder has sufficient funds and that the check is valid. This adds a level of reliability for the recipient that the payment will be honored.

Since each of these options provides a guarantee of payment, the comprehensive answer that includes all types is accurate.