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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 ...
Cashier’s checks are, in a sense, “pre-paid” by the person who gets the check. After receiving the funds to cover the amount of the check and any additional fees, the bank will then write a ...
Cashier's checks are backed by bank funds and can be used for large transactions, but you can only get them at a bank or credit union. ... If you are unable to obtain a cashier’s check, here are ...
The counterfeit cashier's check scam is a scheme wherein the victim is sent a cashier's check or money order for payment on an item for sale on the Internet. When the money order is taken to the bank it may not be detected as counterfeit for 10 business days or more, but the bank will deposit the money into the account and state that it has ...
Certified check; Cashier's check (known as a bank draft in Canada) Money order; Manager's check; Wire transfer; Specifically, personal checks are not allowed, as the account may not have sufficient funds, and credit cards are not allowed, as the transaction may later be disputed or reversed. Checks sent by a bank bill payment service can fall ...
Specific services that require a cashier’s check: You may need to use a cashier’s check to complete some transactions, such as renting an apartment, making a security deposit or paying an ...
Cashier's checks, often used for down payments on homes or vehicles, serve as a bank-certified alternative to personal checks. Rather than being drawn from the funds in a personal account, a ...
Also, the bank may require use of a special deposit slip or envelope for next-day availability of cashier's checks, certified checks, teller's checks, or state & local government checks; if it does so, it must notify customers and tell them how to obtain the special slip or envelope.