What is a cashier's check?

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 other debts owed. But there are situations when it’s better to use a cashier’s check to send or receive payments.

What is the difference between a cashier's check and a certified check?

Certified checks are similar to cashier's checks. With both types of checks, the bank will immediately move the funds to cover the check at the moment it's issued and both are considered a guaranteed form of payment. However, you will personally sign a certified check, while your bank will sign as the guarantor of a cashier's check.

How much money can a bank give a cashier's check?

Banks may have cashier check limits, such as $250,000 per check or $500,000 daily. Many banks and credit unions only issue cashier’s checks to customers. If the institution offers a cashier’s check to non-account holders, you’ll need to come with cash in hand to cover the check’s amount.