what is a cashiers check

A cashiers check is a check guaranteed by a bank, drawn on the banks own funds and signed by a bank employee. Unlike a regular check, the bank, not the check writer, guarantees payment of a cashiers check, making it a safer form of payment than one coming from a personal bank account. Cashiers checks are typically used for large purchases, such as a car or house sale, when you likely cant use a debit or credit card, and using cash is risky. They are also useful when the payee wants reassurance that the check won’t bounce, such as when making a down payment on a home, paying closing costs for a mortgage, buying a car or boat, or purchasing a piece of land. To obtain a cashiers check, you need to visit your bank branch or credit union or go to its website if it offers these checks online. You will need to have the exact amount, the recipients name, and personal identification ready, and you may pay with cash or, if you are a customer of the bank, withdraw the amount from your account.