What is a cashiers check?
The cashier’s check is known by many synonyms. It can be called a bank check, a teller’s check, a treasurer’s check, or an official check to name just a few. It is different than the type of check you would write from a personal bank account, and usually considered more acceptable for certain transactions, because it provides in most cases, a guarantee of payment to the receiver of the check. What makes the cashier’s check unique is that funds are not drawn from your personal account. As most people know, funds can shift in a personal account on a daily basis. Even if you can prove to someone that you have money in your account to cover a check, that might only be true for a moment or two. Checks are cleared in the order they are received, and if you have other outstanding checks, the value of your checking account will shift when these checks do clear. In order to get a cashier’s check, you withdraw funds from your personal account, or you have cash available. You then pay these funds
