“But the thing about cashier’s checks is the only time they’re secure is when they are issued by the bank,” Birrenkott says. “And the bank is going to pay it.”However, it’s possible to receive a fake official bank check. According to the Federal Deposit Insurance Corp. (FDIC...
Butunlike a money order, a cashier's check is simply a check written by afinancial institutionagainst its own assets.10This is considered more reliable than a personal check because there is no chance of the check bouncing. For this reason, cashier's checks are frequently used to make large...