Do cashiers checks clear immediately?

+1 vote
asked Mar 14, 2018 in Other-Finance by Doghot45 (390 points)
Do cashiers checks clear immediately?

1 Answer

0 votes
answered Mar 14, 2018 by Grahlu (51,270 points)
A cashiers check will usually clear a bank sooner than a regular check but cashiers checks do not clear immediately.

The cashier check will clear the next business day at most if not all banks.

Since cashier's checks are used in some fraud schemes they go through a clearing process to make sure the check is legit.

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