Home Finance How Can You Buy A Cashier’s Check?

How Can You Buy A Cashier’s Check?

by Lois Earles
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A cashier’s check comes in handy in situations when using other forms of payment, such as a traditional check, debit card, or cash, to make a large transaction may not be feasible or because the seller wants to guarantee they’ll receive the full amount. But how do cashier’s checks work?

As per the experts at SoFi, “This is different from a certified check where the money is withdrawn from an account holder’s check and then certified by the bank.” Since it is not a typical bank check, it is not made readily available by simply filling it out and presenting it like one. Instead, it needs to be obtained from a reputable third party, which you can go about doing in one of the following ways:

Visit Your Bank Or Credit Union

The purpose of a cashier’s check is to ensure the seller that the funds listed on it are available, which purchasing it from the bank or credit where you are an account holder can help you do.

This is because the bank or credit union will first be sure the check amount is in your account and then withdraw the money before issuing you the cashier’s check using their funds to guarantee the seller of payment.

Or you can provide the teller with the check amount in cash.

Try Another Bank Or An Online Bank

Have you been wondering, “Where can I get a cashier’s check?”. if you are not a member of a bank or credit union, “there may be some that may …issue one a cashier’s check to a non-account holder…such as Huntington Bank or Truist & BBLT, formerly known as Sun Trust.”

Wells Fargo and some local banks may also allow you to purchase a cashier’s check as a non-member.

However, they may require you to have a safety deposit box, their insurance, or be a customer of another one of their other financial products.

Some online banks may also allow non-members to purchase a cashier’s check via their online services or by phone.

In this case, they will mail the check to the recipient on your behalf, which may take up to 10 days or more for them to receive it, so be sure to plan accordingly.

What You’ll Need To Purchase A Cashier’s Check

As stated earlier, to purchase a cashier’s check from a bank or credit union, you’ll need to have the exact amount of funds in your account to cover the check.

You will also need the exact name of the person or institution that is receiving the check, as well as your account number, social security number, and government-issued ID to confirm your identity.

If paying by debit card, you will also need your card and pin. Or you may simply pay the amount in cash.

The teller will then draft the check and sign it, serving as a guarantee of payment by the financial institution.

So the easiest and main way to purchase a cashier’s check is via your bank or credit union. However, if you must, and with a bit of research and time, you may also be able to find an online bank, local bank, or other willing financial institution to make the purchase.

In either case, be sure to have the exact amount, including any fees, the proper account and ID verification, and the correct details of the receiver so that all goes quickly and well.

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