2007-02-25 12:59:51 · 7 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
A personal check is written by you and drawn off of your bank account.
To obtain a cashier's check, YOU SUPPLY the money to the institution issuing the check, eg, your bank, and they issue the check.
A personal check can "bounce", but a cashier's check cannot.
2007-02-25 13:09:03 · answer #1 · answered by GiggleFairy 3 · 1⤊ 0⤋
A cashier's check is backed by a particular financial institution/bank, whereas a personal bank has no backing whatsoever. You can write a personal check with no money in the bank whatsoever, and thereby stick someone with a "hot check". In order for you to "write" a cashier's check you have to actually put the cash you want to write it for up on the counter, plus whatever bank charge is there to process the cashier's check, before you can "write" any cashier's check, therefore, the person to whom you wrote the check is guaranteed to get the money, which is not so with a personal check. God Bless you.
2007-02-25 13:12:01 · answer #2 · answered by ? 7 · 0⤊ 0⤋
A cashiers check is pretty much like a money order you have to go somewhere and give them the money and it is then printed out. It is guaranteed it cannot bounce unlike a personal check which comes out of your checking account and has no guarantee to the company accepting it.
2007-02-25 13:09:10 · answer #3 · answered by babygirl68132 3 · 1⤊ 0⤋
I never heard of a cashier check but a personal check comes out of your checking account
2007-02-25 13:03:13 · answer #4 · answered by jkeys00 3 · 0⤊ 1⤋
A cashier's check is one that is guaranteed by the bank that the money is there in their bank. And you don't have to wait for it to clear like you do with a personal check. Because the bank certifies/guarantees that the money is available.
2007-02-25 13:13:31 · answer #5 · answered by amiaskan 4 · 0⤊ 0⤋
When you give somebody a personal check they have to trust that you have that money in your account to cover it. When you purchase a cashier's check you have to pay cash for it at that time, so whoever you give it to knows that it is good.
2007-02-25 13:14:27 · answer #6 · answered by putzer 4 · 0⤊ 0⤋
Cashier checks are created by bank tellers typed on a piece of paper, that's cashable, normally containing large amounts of cash to certain individuals or yourself.
It's good if you're transfering a large amount of cash from one branch to another. I.E. you don't want to carry 10,000 dollars worth of cash when you can get 10,000 dollars worth of cash in a check.
Personal checks are hand written checks.
2007-02-25 13:13:51 · answer #7 · answered by Geeeyaaa 4 · 0⤊ 0⤋