Is a cashier's check the same as a check?

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asked Oct 10, 2018 in Other-Finance by dorisblanco (230 points)
Is a cashier's check the same as a check?

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answered Oct 10, 2018 by Gracy (149,380 points)
A cashier's check and a regular check are similar but they are different from each other.

With a regular check the funds come out of the checking account of the person who wrote the check.

With a cashier's check the person pays the bank the money to get the cashier's check and then funds for the cashier's check comes out of the banks funds.

A cashier's check is like a money order which guarantees the funds are available on the check written.

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