Does a cashiers check (bank check) get deposited same as cash? or does it depend on the bank?

Question

How about on a Saturday? Also if it says bank check on it is it the the same as cashiers check? I sold something and requested a cashiers check. It looked like a cashiers check and said bank check on the top and was written off back acct. Was not a personal bank account. thanks

Answer 1

Cashier's checks are not the same as cash. Unfortunately today there are thousands of fradulent cashier's checks going around. Most banks have become stricter on their policies. You will find that it does differ from bank to bank.

A cashier's check= guaranteed funds (not cash). When you deposit a personal check there is a chance that the person who wrote it does not have the funds in their account. That is the difference between the two. So when depositing a cashier's check it will be subject to deposit like any other check.

A bank check is the same thing as a cashier's check (think catsup and ketchup). If you recieved the check as payment for selling something I would suggest contacting the bank it is drawn off of to ensure that it is a good check and not a fraudulent item. Don't call the phone number on the check. Call information ask for the number to the bank (if it is a fradulent item the person giving it to you may be part of a ring and may have someone answering the fake phone number printed on the check). Just let the person at the bank know that you want to verify that a cashier's or bank check you recieved to ensure that it is good. Most banks will gladly do it for you.

Most banks that are open on Saturday are operating on Monday's business day so more than likely you will not have access until Monday or Tuesday.

Answer 2

Be careful! If you deposit a cashier's check into your bank account, you will have access to the funds almost immediately (within 1-3 days). However, there is no guarantee that the cashier's check is valid. Cashier's checks have been stolen, and the names and amounts changed, and in that case the check is invalid. The check does not actually clear for up to a week or two, although you have access to the funds (which you'll have to pay back later if the cashier's check bounces).

I mention this because there are many Nigerian-originated scams where someone buys something from you, sends you a cashier's check in excess of the purchase price and asks you to send a personal check back or to someone else for the difference. NEVER DO THIS. It is a scam: the cashier's check will seem to clear, but within a couple of weeks it will bounce. The other person will have cashed your check, because your check was valid, and you'll own the bank for the full amount of the bounced cashier's check.

In other words, cashier's checks are NOT the same as cash. They are simply checks drawn on the bank, rather than a person, so they will not bounce -- unless they are counterfeit. Be careful.

Answer 3

Yes a casher's check/bank check is the same thing. One would think that it should post like cash but I am also willing to bet it will depend on the bank.

At the very least it will show as a pending transaction.

Answer 4

same as cash - that was too easy...