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Cashier’s checks are official checks that a bank or credit union guarantees, often for a fee. As with personal checks, you can use cashier’s checks to pay bills, make purchases or pay...
Most banks and credit unions offer cashier's checks to their members for a small fee, usually around $10. Some institutions may waive that fee depending on the type of account you have. You...
A primary difference between money orders and cashier’s checks is the maximum dollar limit. Money orders typically have maximum limits around $700 or $1,000, although actual limits depend on the issuer. Cashier’s checks, on the other hand, are available for much larger amounts.
For cashier's checks, there is generally no set maximum limit. The amount of a cashier's check can go as high as the available balance in your bank account, be it a checking account, savings account or even from a CD account if the terms permit access to funds.
Limits: Cashier’s checks were designed as a secure method of large payments, so the limits can be in the tens of thousands of dollars (or more). On the other hand, money order companies usually cap the dollar amount of transactions.
Many financial institutions do not enforce a limit for how much money can be issued through a cashier's check. In fact, your escrow or title company is likely to require that you bring...
Cashier’s checks are best for purchases over $1,000, while money orders are meant for purchases under $1,000. Money orders tend to be cheaper than cashier’s checks, costing around $0.35 to $5...