Which Is Better A Cashier's Check Or Certified Check?
The bank guarantees a cashier's check—meaning the bank is held responsible if the check bounces. With a certified check, you guarantee the check you write from your account. That makes cashier's checks safer and potentially slightly more expensive to obtain.
Scams involving fraudulent cashier's checks are common, with many victims losing thousands of dollars.
Cashier's Check Scams - Washington State Department of Financial ...
Make sure you have the funds needed to cover a certified check in your bank account. ... On average, a certified check will clear quickly, usually the next business day after the check is deposited by the recipient.
What Is a Certified Check and How Do You Get One? - TheStreet
Because the face value is guaranteed, legitimate certified checks are as good as cash.
What Is a Certified Check? Definition, Cost, Use and How to ...
There's often no limit on a cashier's check, provided you have the money for it. Some banks do impose a maximum amount if the check is ordered online. This limit can range from $2,500 to $250,000 per check or more.
What Is a Cashier's Check? | Credit Karma