Cashier Check Cashing Near Me (and How to Cash It). Learn what a cashier’s check is, how to cash a cashier’s check, plus more.
What is a Cashier’s Check?
A cashier check is a check written by the bank, and the funds come from the bank rather than being drawn from a personal or business account. The teller of the bank, or cashier, is the one signing the check. These are commonly used to pay hefty amounts as the receiver is then assured the funds are available. Cashier’s checks usually come with extra security features such as a watermark or signatures by two bank employees. This leads to a lower risk of counterfeiting. You can get a cashier’s check at any local bank or credit union.
How do I cash a cashier’s check?
Cashing a cashier’s check will require a trip to the bank, credit union, or ATM. Going to the bank or credit union where you have an account will be the most cost effective route. Be prepared to show a photo ID and, in some cases, even provide your social security number. Another option for cashing checks is to go to a Check Cashing location. Examples include Check ‘n Go, PLS Check Cashing, and Money Mart. These businesses will charge a fee to cash the cashier’s check. Depending on the amount of the check you are cashing, they could be hefty.
Can I cash a Cashier’s Check at an ATM?
You can certainly deposit a cashier’s check at an ATM. To do so, sign the back of the check, use your debit card, and select deposit. If you want to cash the check, then using an ATM is the best option for the bank where the check was written from. Cashier’s checks make funds available much more quickly than personal checks. A bank could hold a large personal check for several days to verify the funds. Cashier checks typically ensure the funds are available on the next business day. Due to this, you may not be able to immediately get the funds from a cashier’s check at an ATM if you do not have the same funds available in your account. Also, be aware of ATMs’ withdrawal limits if your cashier’s check exceeds this amount.
For more detailed information, please read our post about cashing a check at the ATM.