Cashiers checks also settle much faster than personal checks. Often, the funds are available the next day. Personal checks can take several days or longer to clear.

The check is generally signed by one or two bank employees or officers however, some banks issue cashiers checks featuring a facsimile signature of the banks chief executive officer or other senior official. Some banks contract out the maintenance of their cashiers check accounts and check issuing.

Your banker will fill out the cashiers check, so youll need to provide him or her with the exact name of the payee. Ensure that your account can cover the amount of the cashiers check. Even though, as noted above, cashiers checks are drawn against the banks funds, the bank isnt performing an act of charity.

Compared to personal checks, cashiers checks and certified checks are generally viewed as more secure and less susceptible to fraud. ... Cashiers checks are generally regarded as the safer bet since the funds are drawn against the banks account, not an individual persons or businesss account.

Genuine cashiers checks issued by a bank are as good as cash, but the counterfeit ones look like the real thing. Suspect that a cashiers check could be counterfeit, and independently confirm its issuance before accepting it.

This info is printed on the check you cant add anything in handwriting. ... Keep in mind that some banks sell cashiers checks only to their customers. So if you dont have a bank account, you should call before going to any bank to make sure they will issue you a cashiers check.

When you ask the teller to write a cashiers check, theyll need some information, including:Your identification, such as a government-issued ID like a drivers license.Your bank account information.How much money you need the cashiers check written out for.The recipients name.More items...

1. Payees Name. The full name of the individual or company that will receive the dollar amount printed on the cashiers check. Only the named individual or a verified agent of the company will be able to deposit the check.

Compared to personal checks, cashiers checks and certified checks are generally viewed as more secure and less susceptible to fraud. ... Cashiers checks are generally regarded as the safer bet since the funds are drawn against the banks account, not an individual persons or businesss account.

A cashiers check is a safe, efficient payment method when a large sum of money, generally anything over 1,000, is required. Some transactions will require a cashiers check for payment. You might need a cashiers check to make a security deposit on an apartment, for example, or to cover the down payment on a new car.

Advantages of Cashiers Checks Since the funds are drawn against the banks account and guaranteed by the bank, you dont have to worry about the check being returned for insufficient funds. This can help you avoid overdraft and returned payment fees. Funds availability may be faster.

You cant get a blank cashiers check without the payment amount or payee filled in, so you must know your payees name and the specific payment amount to get one printed by your bank. ... In addition to the security offered to recipients, cashiers checks also can provide some safety to the account holder.