1/30/2024 0 Comments Who cashes money ordersThe person who buys the cashier’s check pays the entire amount up front. You might use a cashier’s check to pay a large amount of money-over $1,000, for example-for something like a down payment on a house or car.Ĭashier’s checks are issued by a financial institution-like a bank or credit union-on behalf of a customer of that financial institution. Cashier’s checks may have higher fees than money orders.Ī cashier’s check gives you a way to make a payment when paying with a personal check, cash, a credit card or a debit card isn’t allowed or doesn’t make sense for the situation.Cashier’s checks are generally only available at banks and credit unions, and they might only issue cashier’s checks to their own customers.Money orders are available at places like banks, convenience stores and post offices.Cashier’s checks typically don’t have limits, so they’re better for larger transactions.Some money orders have a limit of $1,000 for domestic payments and $700 or less for international payments. Cashier’s checks and money orders are both paid up front, so they can’t bounce.Cashier’s checks and money orders are prepaid checks that let you make payments without using a credit card, a debit card, a personal check or cash.Learn more about the differences between cashier’s checks and money orders, how they work and when you might consider using them. They have different limits, availability, fees and more. But cashier’s checks and money orders aren’t completely interchangeable. You might use a cashier’s check or money order when you need to make a payment but can’t-or don’t want to-use things like a credit card, a debit card, a personal check or cash. That means their funds are guaranteed and paid in full up front, so they can’t bounce like a personal check can. Cashier’s checks and money orders are two types of prepaid checks.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |