What is a cashier’s check? How to get a cashier’s check and when you may need one

Many people haven’t even heard of a cashier’s check until they’re asked for one. If you’re in that boat, don’t panic. Cashier’s checks are a common form of payment for large purchases, and many banks offer them. In this post, we’ll explain what a cashier’s check is, how and where you can get one, and answers to common questions about them.

Plus, if you’re interested in easy ways to manage your money, check out our overview below of the helpful features available with Spruce, the mobile banking app built by H&R Block.

Spruce fintech platform is built by H&R Block, which is not a bank. Bank products by Pathward®, N.A., Member FDIC.

What is a cashier’s check?

A cashier’s check is a form of payment guaranteed by a bank. Instead of writing and signing a check yourself, you provide the necessary funds to the bank, which then transfers the money into its own account and writes a check for that amount. This extra step assures the person or business you’re paying that the check will clear since the financial institution backs it.

Where to get a cashier’s check

If you need a cashier’s check fast, you can visit a bank or credit union in person and get one the same day — as long as you’re eligible under the bank’s policies—and in most cases that means you need to have an account with them. (see How to get a cashier’s check below for more info). Some banks and credit unions allow you to order cashier’s checks through your online banking account.

Certified bank check vs. cashier’s check vs. money order

Based on the name, a certified bank check might sound like the same thing as a cashier’s check. And how are money orders different? We get it — the terminology is confusing. Let’s clear it up.

A certified check is a personal check written by you and drawn on your personal banking account. You get a certified bank check in person at your bank, where a teller or other representative will confirm you have the funds and verify your signature. They’re less commonly used than cashier’s checks and not all banks issue them.

You may be more familiar with money orders, which are prepaid forms of payment sold by banks, retailers, and post offices. While the funds aren’t typically guaranteed by a bank, they are prepaid, so money orders can’t bounce like personal checks can. One downside to money orders is that they typically max out around $1,000. Cashier’s checks rarely have a limit on the amount you can use them for.

When to use a cashier’s check

A cashier’s check is often used for a large transaction, like a car or house purchase, where it isn’t feasible or secure to hand over a wad of cash. People use cashier’s checks to show that they have the money to pay for what they’re buying.

Additionally, a cashier’s check provides a paper trail record for the respective banks and the consumers involved in the transaction, especially in regard to the amount, remitter and the recipient.

Related: How much should I spend on a car?

How to get a cashier’s check

Here’s a step-by-step guide on how and where to get a cashier’s check. Don’t worry — it’s pretty simple!

1. Check your bank’s cashier’s check policy. Many banks provide cashier’s checks, but some only provide them to account holders. If you’re not in a rush or don’t have a branch nearby, some banks offer online cashier’s checks which are then typically mailed directly to the recipient. If your bank doesn’t offer cashier’s checks or you don’t have a savings or checking account, call local branches in your area to see if they provide them to non-account holders and ask about any associated fees. Another option if you’re not able to get a cashier’s check is to get a money order.
2. Know the payment details before you visit a branch. To get a cashier’s check in person, you’ll need to know the exact check amount and have:
   • The name of the person or business the check should be made out to
   • A valid, government-issued, photo ID
   • The funds to cover the check and any fees (in your checking or savings account to be withdrawn)
   • Note: To order a cashier’s check online, you’ll need to provide the name and mailing address of the person you’re paying, plus provide any additional documentation the bank may require for a cashier’s check since the check will be mailed by the bank directly to the recipient. If going this route, be sure to check with your bank first to ensure that it will be an actual cashier’s check issued as opposed to a regular bank check.
3. Pay the bank teller and leave with your cashier’s check. If you are a customer of the bank, the teller will freeze or withdraw the funds from your account immediately and transfer them to the bank’s account. Otherwise, you’ll pay in cash. Once the bank teller prints and signs the check, you’re all set! Be sure to get a receipt just in case.

Frequently asked questions (FAQ) about cashier’s checks

Why would someone want a cashier’s check?

Cashier’s checks are considered safe and more reliable than personal checks since the funds are prepaid and guaranteed by the bank. Sellers may prefer them to avoid the risk of a bounced personal check, especially for a large purchase. Cashier’s checks may also clear faster than personal checks, sometimes in as little as one business day, so recipients get their money faster.

Side note: Speaking of getting money fast, you could get early access to your paychecks when you set up direct deposit with Spruce. That means you get paid up to 2 days early.^{Disclaimer number2. Go to disclaimer for more details.}

What is the maximum amount for a cashier’s check?

Typically, there is no limit on the dollar amount for cashier’s checks as long as you have the funds to cover them. Be sure to check your bank’s policies for details.

How much does a cashier’s check cost?

Most banks charge $10 to $15 when you order a cashier’s check. However, if you are a customer of the bank, you may qualify for a waived fee (policies vary).

Can you get a cashier’s check from any bank?

While most banks offer cashier’s checks, some only provide them to existing customers. Call the branch before you visit to ensure you can purchase a cashier’s check there. If you don’t have a bank account and opening one isn’t possible, you may need to consider a different type of payment, like a money order.

Can you cancel or reverse a cashier’s check?

Cashier’s checks usually cannot be canceled, and the amount of the check cannot be changed after it is printed and signed. However, if the check has been lost or stolen or you are the victim of a scam, the issuing bank may have a process for canceling it and retrieving your funds.

Can a cashier’s check be scammed?

Unfortunately, yes, scammers can and do produce fraudulent cashier’s checks. While a genuine cashier’s check is as good as cash, a fake one can create a host of problems for an unsuspecting recipient. You can avoid fake cashier’s check scams by following these tips from the FDIC.

How to cash a cashier’s check?

To cash a cashier’s check, visit your bank or a check-cashing service with a valid ID. Endorse the check by signing the back. The teller will verify the check and your ID, then provide the cash or deposit the funds into your account. Fees may apply at non-bank locations. You may also be able to deposit the check online (note: you may not immediately get the full credit since it’s a remote check deposit). Learn more about how to deposit checks online.

How Spruce can help you with money management

Whether you’re preparing for your first large purchase or just brushing up on your personal finance vocabulary, Spruce is here to help with simple tools that get you closer to your money goals. Here are a few Spruce features that make money management a cinch:

• Spruce Saving Goals help you put money away for emergencies and big expenses. Simply choose up to two Saving Goals and track your progress over time.
• With the budget tracker tool, Spruce automatically categorizes transactions and lets you set a custom Watchlist so you can keep tabs on your spending habits.
• The high-yield savings rate of 3.50% APY^{Disclaimer number12. Go to disclaimer for more details.} on Spruce Savings Accounts makes your money go further—whether you have just $20 or $20,000 to deposit!

And, you can take advantage of all Spruce has to offer with no minimum balance requirements, no sign-up fees, and no monthly fees.

Get started with Spruce today

Taking control of your finances doesn’t have to be hard. Spruce is an all-in-one mobile banking app built by H&R Block to help you take small, manageable steps toward your goals. With Spruce, you can access your account anywhere, anytime—and breathe a sigh of relief knowing you have tools that can help make your money go further so you can too.

Get started with Spruce today!

This information provided for general educational purposes only. It is not intended as specific financial planning advice as everyone’s financial situation is different.