How Much Does a Cashier’s Check Cost?

A cashier’s check is a secure payment method, serving as an alternative to personal checks or cash, particularly for significant transactions. Issued directly by a bank or credit union from its own account, it guarantees funds. This makes it highly reliable for large purchases or home down payments, as the risk of the check bouncing is virtually eliminated.

Typical Fees for Cashier’s Checks

Obtaining a cashier’s check generally involves a fee, which varies by financial institution. For traditional banks, costs typically range from $5 to $15.

Some financial institutions may offer cashier’s checks for free or at a reduced cost to certain account holders. Customers with premium checking accounts or substantial balances might have fees waived. Credit unions often provide lower fees or free cashier’s checks to their members.

Factors Affecting Cashier’s Check Fees

Several variables influence the fee charged for a cashier’s check. The specific financial institution sets its own fee structure. Credit unions often have more favorable policies compared to larger commercial banks.

Holding an account with the issuing institution is another factor. Banks may charge non-customers a higher fee or only issue checks to existing account holders. The type of account held can also affect the cost, with premium accounts often having waived or reduced fees. Some institutions may implement a tiered fee structure where higher check amounts incur slightly higher fees.

Where to Get a Cashier’s Check

Cashier’s checks are primarily obtained from banks and credit unions. These financial institutions issue the checks, drawing on their own funds to guarantee payment. Most individuals secure a cashier’s check from an institution where they already hold an account.

While visiting a physical branch is the most common method, some institutions, particularly online-focused banks, may allow existing customers to order cashier’s checks through their websites or mobile apps. In such cases, the check is typically mailed to the payee. Some banks may issue cashier’s checks to non-customers, though this is less common and often requires cash payment for the check’s full amount and any applicable fees.

Information and Funds Needed

To obtain a cashier’s check, individuals must come prepared with specific information and sufficient funds. A valid government-issued photo identification, such as a driver’s license or passport, is required for identity verification.

The exact amount of the check, plus any applicable fees, must be available. These funds are typically withdrawn directly from an existing account or provided in cash. The full name of the payee is essential, as blank cashier’s checks are not issued. The precise dollar amount is a strict requirement, as changes cannot be made once the check is printed.