What is the difference between a certified cashiers check and a money order?
A certified check and a cashier’s check are two different things. Certified checks are rarely seen as cashier’s checks are easier to issue and mean the same thing- guaranteed funds – without the hassle of processing twice. A certified check is a check from a personal account which the bank certifies/signs off as funds guaranteed. In other words, not only does the bank have to certify the check, then they have to wait for the darned thing to clear as a normal check would. That is why a cashier’s check is often issued. The process is they take the personal funds of the requester and put the amount issued into the bank funds. Now you have a whole financial institution backing the check, much easier on all parties! A money order is also backed by cash however is more widely available with less exact records kept. This means a higher likelihood of fraud/theft. Many times there is a maximum amount which can be issued based on the location. A bank may also be able to issue a money order howev
