A cashier's check is issued by the bank, signed by the cashier and guarantees payment. It can be used to make large purchases. Here's a comprehensive guide.

Some transactions will require a cashier’s check for payment. You might need a cashier’s check to make a security deposit on an apartment, for example, or to cover the down payment on a new car.

For example, you might get a fake cashier’s check with a letter that you’ve won some lottery, obtained a mystery shopper job or paid too much for something.

Certified Check vs. Cashier’s Check: Fraud Prevention Tips Cashier’s checks and certified checks may be safer than personal checks, but scammers also use them.

Key takeaways Cashier’s checks are available through banks and credit unions, while money orders can be purchased from a wide range of places, including retail stores, postal service locations ...

Key Points Cashier's checks are secure payments, backed by banks, making them nearly bounce-proof. They are ideal for large transactions, with limits often between $250,000 and $500,000.

A cashier’s check involves a physical check that must be mailed or hand-delivered, so this option is better for face-to-face transactions. For example, most real estate closings accept cashier ...

Some banks don’t charge anything to customers for cashier’s checks, though. Ally, for example, doesn’t impose a fee for the service.