Where Can I Buy a Cashier’s Check & What Is Required?

A cashier’s check is a secure payment instrument guaranteed by the financial institution that issues it, rather than by an individual’s personal account. The bank or credit union ensures the funds are available by drawing the check from its own account after the customer provides the money. This makes cashier’s checks a preferred method for large transactions, such as real estate deposits, vehicle purchases, or other significant payments where personal checks might not be accepted due to the risk of insufficient funds.

Where to Obtain a Cashier’s Check

Cashier’s checks are exclusively issued by financial institutions, primarily banks and credit unions. You cannot obtain a cashier’s check from a post office or retail store, as these entities typically offer money orders, which have different characteristics and limitations. Most banks and credit unions provide this service to their account holders.

While it is generally easier to obtain a cashier’s check from an institution where you already have an account, some banks or credit unions may issue them to non-account holders. In such cases, non-customers are usually required to pay the full amount of the check in cash. It is advisable to contact the specific branch beforehand to confirm their policy for non-customers and any particular requirements they may have.

Preparing for Your Purchase

Before visiting a financial institution to request a cashier’s check, you should gather specific information and items to ensure a smooth transaction. First, you must have the exact amount of money needed for the check, plus any applicable fees, readily available. These funds will be immediately withdrawn from your account or collected as cash by the bank.

Second, you will need a valid, government-issued photo identification, such as a driver’s license or passport, for identity verification. This security measure helps the bank confirm your identity before processing a guaranteed payment. Third, and critically, you must provide the precise legal name of the person or entity to whom the check will be made payable (the payee). Cashier’s checks cannot be issued blank or made out to “cash,” and accuracy in the payee’s name is essential to prevent issues with deposit or cashing. Some institutions might also inquire about the purpose of the payment, so being prepared with this information can be helpful.

Completing the Transaction

Once you arrive at your bank or credit union with all the necessary information and funds, the process of obtaining a cashier’s check is straightforward. You will approach a teller or customer service representative and clearly state your request for a cashier’s check. If the funds are coming from your account, the teller will access your account to confirm the balance and initiate the withdrawal. If paying with cash, you will hand over the cash amount.

After confirming all details, the financial institution will print the cashier’s check. Upon receiving the check, it is important to carefully review all printed details, including the amount and payee name, before leaving the branch. You will also receive a receipt for the transaction, which should be kept for your records.

Understanding Fees and Limitations

Purchasing a cashier’s check typically involves a fee, which can vary by financial institution. Generally, these fees range from approximately $5 to $15 per check. Some banks and credit unions may waive this fee for certain account holders, particularly those with premium accounts or higher balances. It is always prudent to inquire about the specific fee at your chosen institution before proceeding.

While there is no federal law imposing a maximum amount for cashier’s checks, individual financial institutions may set their own internal limits to manage risk. For very large sums, such as several hundred thousand dollars, banks might require additional verification or suggest alternative payment methods like wire transfers or escrow accounts. Online orders for cashier’s checks may also have lower limits compared to in-person requests.