Validating a cashiers check
All of the information on the cashier’s check is filled out by the teller in advance so you only have to deliver it to the recipient once it’s ready.This also means it’s important to convey each detail accurately while you’re at the bank because there’s no way to change it once you’ve left with the cashier’s check in hand.A bank or credit union is the only place to get a cashier’s check.You typically must already have an account with the financial institution, but you may be able to find a place that doesn’t require this step.
Ask to see an example at your bank or do some research online.
The funds typically clear the next day so you don’t have to wait for staggered amounts to be released over several days.
If you’re sending a large amount of money and the recipient needs to access that cash as soon as possible, they will experience a much shorter wait time with a cashier’s check. Even if you’re just sending money to a family member, a cashier’s check can be a helpful tool to quickly give them access to the funds they need.
You’ll also need the funds for the cashier’s check, which can be in the form of cash or deposits already in your bank account.
In addition to the check amount, you’ll need to inform the teller of who the check should be made out to as well as any notes to go in the memo line, such as an account number or other pertinent information.
A cashier’s check is most commonly used when you need to pay a large amount of money.