What is the difference between a money order and cashier's check?

Question

I just switched banks. My old bank issued Money Orders. I recently went into my new bank - Regions- and innocently asked for a money order. This request immediately received a quick retort of "We don't issue Money Orders." Followed by a snooty - "But we do issue Casheir's Checks." Of course, I didn't care either way, I just wanted a check written off the bank. But, now I must know - is there a difference? Either way, you give the bank money and they hand you a check, right?

Answer 1

In the United States, a money order is a type of check intended to provide a safe alternative to sending cash (in the mail). Money orders are typically sold by third parties such as the Postal Service, grocery stores, convenience stores, and financial service companies such as banks who often do not charge for money orders to their clients. Money orders are often employed by people who have a checking account as a way to offer greater security as money orders would not contain their routing number or account number such as on a check



A cashier's check (also known as a bank check, official check, teller's check, or treasurer's check) is a check issued by a bank on its own account for the amount paid to the bank by the purchaser with a named payee, and stating the name of the party purchasing the check (the remitter).


Example of a voided cashier's check, this one issued by Integrated Payment Systems (as evidenced in the lower left corner of the check), on behalf of Community Bank.The check is usually received as cash since it is guaranteed by the bank and does not depend on an account of a private individual or business. Cashier's checks are commonly used when payment must be credited immediately upon receipt for business, real estate transfers, tax payments and the like.

Answer 2

Money Orders are generally limited on the amount. Cashiers Check has no limited too it and is generally used for higher amount values. Actuly there really no difference other then that. You should be able to cash both the same way at your bank.

Answer 3

They are pretty much the same. Both are guaranteed cash, unlike personal checks where they have to verify the funds and wait for the money. Cashiers checks and money orders both need ID to be cashed since they are made out to a specific person or company.

Answer 4

money order is literally asking an intitution to pay on your behalf which you gave money and printed for the payee. cashiers chq is your money in print which you convert into cash by going to a bank (cashier).

Answer 5

One is from the bank the other from a gadget store.