How to Get a Cashier’s Check From a Bank or Credit Union
Learn to confidently obtain a cashier's check from your bank or credit union. Understand the process, requirements, and important considerations for this secure payment method.
A cashier’s check is a secure payment instrument issued by a financial institution, such as a bank or credit union, that guarantees funds. Unlike a personal check, which draws from an individual’s account, a cashier’s check is drawn against the institution’s own funds. This distinction ensures the recipient that the money is readily available and will not bounce, making it a reliable choice for significant transactions. This type of check is often required for large purchases like real estate down payments, vehicle acquisitions, or closing costs on a mortgage.
Where to Obtain a Cashier’s Check
Most banks and credit unions offer cashier’s check services to their customers. These financial institutions are the only entities that can issue a cashier’s check. While it is easier to obtain one from an institution where you hold an account, some banks and credit unions may issue cashier’s checks to non-customers. Non-customers need to pay for the check in cash. It is advisable to contact the specific branch beforehand to confirm their policy for non-account holders.
Preparing for Your Request
Before visiting a financial institution, gathering the necessary information and funds will streamline the process. You will need acceptable forms of personal identification, such as a valid driver’s license or passport. It is important to know the exact amount the cashier’s check needs to be made out for, as blank checks are not issued. You must also have the full legal name of the payee, the person or entity who will receive the funds, since this information will be printed directly on the check. Any specific memo or reference information required for the transaction should also be ready for inclusion.
The funds for the cashier’s check, plus any applicable fees, must be available. These funds can be debited directly from your checking or savings account, or you may provide cash.
Completing the Issuance Process
Once at the financial institution, you will approach a teller or customer service representative to request a cashier’s check. Provide the pre-gathered details, including the exact amount and the full legal name of the payee. Present your required identification documents for verification by the bank staff. The funds for the check will then be transferred from your account or accepted as cash.
The bank representative will prepare and print the cashier’s check, which will be signed by a bank official and bear the institution’s seal. Before leaving the branch, it is important to review all details on the printed check. Verify the amount, the payee’s name, and the date for accuracy to prevent potential issues later. It is also advisable to keep the receipt provided by the bank as proof of the transaction.
Costs and Considerations
Obtaining a cashier’s check involves a fee, which can vary by institution and whether you are an existing customer. Most banks and credit unions charge a fee ranging from $5 to $15 for this service. This fee is paid at the time of issuance, either deducted from your account or paid separately if using cash. For non-customers, fees might be at the higher end of the range or a flat rate.