A cashier's check typically takes about one business day to clear and for the funds to become available to the payee. This is because cashier's checks are considered as good as cash and are often cleared faster than personal checks
. In more detail:
- Banks generally make cashier's checks available by the next business day after deposit if the deposit is made in person to a bank employee
- The clearing process involves the paying bank verifying the check and transferring funds electronically, which is usually faster for cashier's checks than for personal checks
- While personal checks usually take about two business days to clear, cashier's checks and government checks often clear within one business day
Therefore, if you deposit a cashier's check, you can expect the funds to be available within one business day in most cases. However, exact timing can depend on the bank's policies and the time of deposit.
