Cashiers checks where to get

Banking Checking Accounts. Cashier's Check vs. Money orders are available in several places, including the U. Postal Service, convenience stores, drug stores, grocery stores, and check-cashing companies. Cashier's checks are not entirely foolproof, however, as scammers sometimes create fake ones.

Related Articles. Checking Accounts How to Endorse a Check. Checking Accounts Certified Check vs. Partner Links. Related Terms Understanding Checks A check is a written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee.

Bankable Funds Bankable funds are methods of payment accepted by banks. Examples of bankable funds include cash, money orders, and cashier's checks. Postdated A postdated check or draft will display a future date on it. A check user will often write this in to specify that they do not want to withdraw the amount of the check until the date specified.

You should be given a copy of your receipt. If not, ask for one. The amount you pay can depend on which financial institution you use.

Keep in mind that each one is different when it comes to convenience, speed and cost. A wire transfer makes it easy to send or receive money in a matter of hours, for example, but it can mean paying a steep wire transfer fee. A money order is essentially a prepaid check since you have to pay money up front to purchase one.

You can also get money orders at other locations, such as grocery stores or post offices. This table highlights the key differences to weigh when comparing a certified check vs. Different types of transactions are suited to different types of payment. While that sounds simple enough, it can take time to secure an indemnity bond through an insurance company. You can call the bank or visit a branch to ask for verification. It depends. I'm a freelance financial journalist and a regular contributor to U.

News and CreditCards. You can find me on LinkedIn or follow me on Twitter seemomwrite. He has more than a decade of experience as personal finance editor, writer and content strategist. Edited By Lance Davis. Edited by. Lance Davis. Lance Davis is the senior editorial director for Bankrate. Lance leads a team responsible for creating educational content that guides people through the pivotal steps in their …. Reviewed by.

Kenneth Chavis IV. Share this page. Bankrate Logo Why you can trust Bankrate. Bankrate Logo Editorial Integrity. Key Principles We value your trust. Bankrate Logo Insurance Disclosure. Money order: A paper form of payment that is issued by a bank or credit union after the bank customer pays the face value. What is a money order? Read more From Libby. These are both signs of common cashier's check scams. If you're receiving the check in the sale of a car or something else that's valuable, consider making the sale contingent upon the check clearing instead of when the buyer hands it to you.

If the buyer refuses, you can always look for someone else. If you purchase a cashier's check and lose it before giving it to the recipient, the bank will require you to purchase an indemnity bond before it issues a new one. The bond ensures that you will be liable for the original check instead of the bank if it's found and used for payment.

You can also purchase an indemnity bond from select insurance companies, but it's not easy to get one, so safeguard the cashier's check like you would cash. Cashier's checks are a safe way to send money or make a payment, but they're not always necessary.

Because some banks charge a fee to issue a cashier's check, check with the recipient to see what other options are available. If you can complete the transaction with a more convenient and less expensive option, you may be able to save both time and money. To be sure of the option that best fits your needs, learn more about cashier's check vs. If you do need a cashier's check, though, make sure you have the money and the information required, and treat the check the same as you would cash until you hand it to the recipient.

At that point, they're responsible for its safekeeping until they deposit or cash it. Learn what it takes to achieve a good credit score. The purpose of this question submission tool is to provide general education on credit reporting. The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team may include it in a future post and may also share responses in its social media outreach.

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