What is the difference between a cashier's check and a money order? And which one costs more?

Answer 1

A cashier's check is certifies from the bank that the funds are available for the account that the money is being taken from. With a money order you take the cash at hand to somewhere that issues money orders, hand them the cash and they give you a slip of paper that is equal to the amount given to them.

Usually a cashier's check is more expensive. You can get money orders for free at some check cashing places or some convenient stores will charge you 1% of the total. But wither way money orders are usually cheaper.

Answer 2

many companies, including the US Postal Service, issue MONEY ORDERS--especially Payday Loan companies--these make obscene rates of return on their loans, paid out as money orders, because they prey on those who cannot get credit anywhere else-they issue money orders for as little as FIVE CENTS EACH. The Post Office charges a fee of approximately 50 cents each. You also can buy money orders to pay bills and in that case, a service fee of only five cents from a Payday Loan company is quite a good deal if you have no checking account. In addition to the five cent fee, you must pay cash for the face amount of the money order. A CASHIER'S CHECK is a check drawn by a bank on itself, meaning they have received the funds to cover it and they guarantee it will clear if no stop payment has been placed. Usually the fee ranges in the $ 10 area for such a document.

Answer 3

Cashier's check is more commonly required as it is issued by a bank and thus more "Valid". Also costs more.

Answer 4

sophisticated task. browse on to yahoo or google. that may help!