2006-12-25 11:40:03 · 11 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
A cheque drawn on the banks own account (as opposed to yours), you get them directly from the bank - the good part is they are usually treated much the same as cash - the downside is, you usually have to pay a fee for them.
2006-12-25 11:42:17 · answer #1 · answered by Mark T 6 · 0⤊ 0⤋
A cashier's check is a check that you get from your bank, that basically certifies that you DO have the money that you claim to have in your account. You could write a personal check for a billion dollars, but unless you're Donald Trump your bank account probably wouldn't be good for it, and the check would bounce. With a cashier's check, the bank will not write a check for more money than is in your account, so that way the person getting the check KNOWS that you're good for the money.
2006-12-25 11:42:23 · answer #2 · answered by kittenpie 3 · 0⤊ 1⤋
They are money orders. You get them at a bank. It looks like a check and it is made out to a particular person, but it is guaranteed like cash. That means, if you lose it, it is like losing the actual cash that it represents. You usually have to pay the bank a small fee to have a cashier's check made out to whoever requires it.
2006-12-25 11:42:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A Cashier's Check is a bank instrument issued by and guaranteed by a bank. You pay for them in cash, face value plus the bank's fee. Any bank should issue one.
2006-12-25 11:42:51 · answer #4 · answered by dollhaus 7 · 0⤊ 0⤋
A cashier's check is like a fancy money order. You can get them at your local bank but they cost more than your average money order. Usually they can cost from 3-6 dollars and you can get them from a small amount to thousands of dollars (unlike most money orders which can only value up to 1,000).
2006-12-25 11:43:31 · answer #5 · answered by KD 2 · 0⤊ 0⤋
you can go to your bank and tell them you need a cashier's check otherwise you can go to a currency and get one.
2006-12-25 11:42:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It's like a money order. Get it at a bank.
2006-12-25 11:42:50 · answer #7 · answered by moose on the loose 3 · 0⤊ 0⤋
Its were you put the money up front, get them at banks.
2006-12-25 11:45:22 · answer #8 · answered by Anonymous · 0⤊ 0⤋
also known as bank check...give $ to teller...get check made out to person...all you do is sign it, at the bank
2006-12-25 11:43:32 · answer #9 · answered by lo 2 · 0⤊ 0⤋
go to the bank, you pay them for the check, that way whoever you give it to knows it won't bounce.
2006-12-25 11:45:14 · answer #10 · answered by barb 6 · 0⤊ 0⤋