what's the difference between a personal ckeck and a bank cashier's check?

Answer 1

A personal check is a check that is from your checking account, which you have in a bank where you keep your money, and you write a check to pay your bills, when you go out to eat, and buying groceries. A cashier's check is very much like a personal check; however, you have to pay the money for the cashier's check. FOr an Example if you need to pay $500.00 to have your car fixed you pay the $500.00 at the bank, and they will give you the check, and you write it out. The other difference is you don't have an account with a cashier's check, you can go to any bank for a cashier's check. The other difference with a checking account and/or a personal check is if you have a bounced check (not having enough money in the bank) you can get a service charge from both your bank, (banks usually charge $30 for a bounced check) and the business sometimes will charge you money for a bounced check, and they can charge you a large amount. Also you might get a service fee for using a cashier's check, since every bank runs different.

Answer 2

A cashiers check is issued by the bank. It says that the funds are available and are dedicated to this check only. Meaning, once you write the check, the bank sets aside that money and even if you write another personal check that gets cashed first, the bank check money will be there and can never bounce. Personal checks always run the risk of being insufficient.

Answer 3

A cashier's check is written on the bank's own account, so it's as good as cash (assuming the bank is a real and legitimate one). The check is written in an amount paid by the purchaser, so it's almost like a money order.

A personal check is just a check written an your account.

Answer 4

A cashier's check is guaranteed funds. It cannot have a stop payment placed on it and the bank is saying that the money is guaranteed to the presenter. A personal check is subject to validity requirments and the maker having secured funds before it can be cashed. You do have to pay an extra fee for a cashier's check. A postal money order is a cheapr alternative, up to a certain amount.

Answer 5

A personal check is a check made out by you and is associated with your personal checking account. A bank cashier's check is one that is made out by the bank, but you put up the amount. It is used when the seller wants to make certain that the buyer will pay the amount in question. It is usually used for big ticket items--cars if you are paying in cash; down payments on homes, etc.

Answer 6

A personal check is a check that a person writes and the money is taken out of their account within a few days.

A cashier's check is a check that the bank writes. They take the money out a person's bank account immediately a write the check out to the person/company of your choice. It is like a money order but you can get it in any amount. Money orders are usually limited to a certain amount.

Answer 7

A personal check is a check from your account, business or personal, that could bounce if there weren't enough funds in it to cover it.

A cashier's check is a check from the bank. They draft your account for the amount of the check PLUS the fee, which varies by bank, and it is guaranteed to the person you are writing it to.

Answer 8

Anyone can write out a personal check (whether they have the money to cover it or not). A Bank cashiers check has the money guaranteed - it's more like a money order, but more official (and expensive).

Peace!

Answer 9

Usually, a personal check is money guaranteed by you; a bank cashier's check is money guaranteed by the bank concerned. Thus, a bank cashier's check is widely accepted internationally.