Cashier’s Check

A cashier’s check is also known as a bank check, a teller’s check, a treasurer’s check, or an official check. A cashier’s check is guaranteed while a personal check may not be able to be cashed if the account it’s drawing from doesn’t have enough funds in it.

A cashier’s check is not connected to a bank account so it doesn’t rely on anyone to keep their account funded.

To get a cashier’s check all you need is cash. The bank will then create the check for the designed amount. After you pay for the check the bank is now responsible to pay for it, not you, which is why a cashier’s check is considered more trustworthy than a regular check written from your checkbook, from a regular checking account. The odds of a legitimate cashier’s check bouncing are very low.

You can write a bank to get a cashier’s check if you’re getting the check from your own bank. This is because the bank knows whether you have funds in your account to cover the cashier’s check.

There are some circumstances where you might need a cashier’s check instead of a personal check. For example a down payment on a car or a house. Cashier’s check sometimes come with a fee, so if you can use a personal check you should. The fee can either be a percentage of the check or a flat fee depending on the bank.

Fake cashier’s checks are sometimes used in internet frauds so you should be careful when accepting cashier’s checks to first make sure it’s a legitimate cashier’s check.

You should avoid cashing checks from people you don’t know if at all possible. Also receiving checks from foreign countries is also a red flag. If you do need to accept a cashier’s check make sure you are familiar with the bank it’s issued from. You can then verify the authenticity of the check with the bank. If you follow these steps you should be safe accepting cashier’s check as a form of payment.