A cashier’s check, also known as an official bank check, is a payment instrument issued by a bank or credit union to a third party, usually on behalf of a bank customer who pays the bank the face value of the check. In a major transaction, such as buying a boat or a home, a ...
Paying with a money order or cashier's check is safer than carrying cash, but some sellers won't accept cashier's checks due to the potential for fraud. (Some may be willing to meet you at the bank to ensure a cashier's check isn't forged.) If you pay with cash, make sure to ...
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...