What is MCIt is a check issued by the bank against its own account, and is signed by a manager and maybe another officer. Compare that with a regular check which is issued by persons/corporations against their account with the bank.

Banks will charge for the service. Fees will vary from bank to bank.

Generally you must be an accountholder to be able to buy a manager's check, but a bank may sell you one even if you are not, if you are properly identified, introduced, referred, or otherwise known to the bank. They do not want their checks to be used for fraudulent or illegal transactions, which is why they want to know who their customers are.

Difference Between MC and Personal/Customer CheckRegular checks are subject to rejections if no enough balance is available. Manager's checks, however, are guaranteed (i.e., your bank guarantees that funds will be automatically available upon demand or presentation of the MC). It is considered as good as cash.If the manager's checque get's lost, you lose you money unless you report it to the bank and ask for a replacement, wherein some banks asks for affidavit of lose and other legal papers. A personal cheque when it get's lost you just report it to the bank and they will cancel that serial number so the checque would not be honored anymore.

Steps to Purchase a Managers Check1. Proceed to thebankwhere you holdan account.2. In thebank, ask for a form to purchase a managers check. Fill in the form. Double or triple check the information youve written on the form.3.After youfill in the form, queue in the line and present the form, your ATM card or passbook, valid IDs and the managers check fee.4. Thebankwill hand over the managers check to you. Double check that the name, amount (in words andnumber), date and signatories are all correct.Notes: The fee to purchase a managers check varies frombanktobank. You may try and ask for the fee to be waived if youre a VIPcustomer. A managers check will no longer be valid after 6 months of issuance date. If you lose the managers check, file for anaffidavit of loss, report it to thebankand ask for a replacement subject to fees. To cancel the managers check, you need to return the original check to the issuingbankwith your valid IDs. Make sure that the person who purchased the MC is the same person who returns the original check for cancellation.

Managers Check Fee of Some Banks as of 14 May 2012: BDO: Php 30 BPI or BPI Family: Php 50 ChinaBank: Php 30 HSBC: Php 100 Maybank: Php 31.50