Cashier’s Check Near Me: Your Guide to Getting a Cashier’s Check Near Me
Cashier’s checks are often the preferred method of payment for large transactions because they are backed by bank or credit union funds and generally clear faster than regular checks. As long as the bank check is authentic, the risk of the check being rejected is non-existent. However, if it bounces, the bank, not you, is held responsible.
Cashier’s checks are also considered safer than debit cards or traditional personal checks because the funds are guaranteed. Find out how much a cashier’s check costs and where to get a cashier’s check.
How to get a cashier’s check
When you request a cashier’s check, you will not receive a blank check. Instead, the bank will populate it with the information you provide.
To get a cashier’s check, you will need to bring the following items to your bank or credit union.
What you will need:
- Personal identification: Driving license or passport and bank account number or credit card
- Payment: Sufficient funds in your existing account at the financial institution, or funds to open a new account
- Verify recipient information: The person or company to whom the bank should make the check payable
- Money for fees: Payment of bank check fees as set by your bank
- Memo information: Optional, as with a personal check
Where to get a cashier’s check
If you have a checking or savings account, you can get a cashier’s check from a local branch of a major bank or credit union. You can also request a cashier’s check online if your bank allows it.
If you don’t have an account at a financial institution, you may still be able to get a cashier’s check by opening a new account with the necessary funds and paying a cashier’s check fee. Cashier’s checks are only available at financial institutions, unlike money orders, which can be purchased at gas stations, convenience stores, and post offices.
How to get a cashier’s check without a bank account
Some banks do not require you to have a deposit account to issue a cashier’s check. For example, Huntington Bank will issue cashier’s checks to non-account holders as long as they have insurance, a safe deposit box, or a credit card with the bank.
If you don’t have a bank account and don’t want to open one, call different banks and credit unions in your area to see if any will issue a cashier’s check to non-account holders. If you find one, be prepared to pay cash for the cashier’s check.
How much does a bank check cost?
Most banks provide a cashier’s check for a lump sum between $5 and $15. If you have a certain balance or type of checking account, the cashier’s check fee may be waived.
Unlike cheap store or US Postal Service money orders, which have maximum limits of $1,000, cashier’s checks are available from banks in much larger amounts, usually whatever is available in your account. Larger cashier’s checks can be handy for things like automobile purchases and home rental or real estate purchase deposits.
Alternatives to cashier’s check
If you can’t get a cashier’s check, here are some alternative payment methods to consider.
A certified check is a personal check certified by your bank and taken from your personal funds. During the certification process, the bank verifies the check, your signature and the availability of funds, which is a safer method of payment than a regular personal check. Depending on the bank, there may be fees.
Money orders are similar to bank checks in that they are issued by the issuer and are guaranteed. However, they are more widely available and cheaper. You can find money orders at the post office, grocery store, convenience store, and other places like Western Union and Walmart. Money orders generally cost between $2 and $3, but can only be issued up to $1,000.
Wire transfers are a way to quickly transfer money, whether domestically or internationally. You can make a wire transfer using your bank or a service like Western Union. In the United States, funds can be available within hours or within one business day. However, be prepared to pay a fee of $15 to $50.
Money transfer apps
Apps like Apple, PayPal, Zelle, and Venmo are a way to make digital payments, sometimes instantly. However, charges may occur, so be sure to check before sending a large amount. Also, money transfer apps have limits on how much you can transfer, so if you’re planning on making a large payment, check the limit first.
Bank check scams
The Federal Trade Commission has issued numerous consumer warnings about scams involving receiving counterfeit bank checks. Here are three common types of scams:
- Overpayment scam: Someone buys something from you online, then “accidentally” overpays it with a cashier’s check and asks you to pay back the difference.
- Secret buyer scam: You are “hired” to evaluate the customer service of a money transfer service and you receive a cashier’s check. You are told to deposit the check at your bank, withdraw the amount in cash, and send it to someone in a foreign city. By the time the fake is discovered, the money is long gone.
- Pay for the scam at the price: An official-looking notice arrives in the mail stating that you have won a fabulous prize but must pay taxes, shipping and handling, or processing fees. You may also receive a cashier’s check to deposit, with instructions for transferring some of the money.
If you receive a cashier’s check but doubt its authenticityâor if the offer seems too good to be trueâcall the financial institution and verify the account and funds. Although the bank, account and routing numbers shown may be real, the check may still be forged.
What if you lose a cashier’s check?
If you lose a cashier’s check, the bank that issued it will require you to purchase a bond for the amount of the lost check, which is essentially an insurance policy for the bank. Then, if the lost check is found and cashed, the bank will not be responsible for that particular check. Instead, you will.
You can buy a bond through an insurance broker. Note that after purchasing a surety bond, the bank may have a waiting period of 30 to 90 days before issuing you a replacement check.
Cashier’s checks are guaranteed checks issued by banks or credit unions. People often prefer to receive a cashier’s check rather than a personal check for major purchases. However, a bank will usually require you to have a deposit account with them to purchase a cashier’s check. If you can’t get a cashier’s check, consider other payment methods, such as a certified check, money order, wire transfer, or payment app.
Valerie Smith contributed reporting for this article.
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