cashiers' checks
Guaranteed bank payments
A cashier's check is a check issued and guaranteed by a bank rather than by an individual account holder.
Because the bank itself backs the payment, cashier's checks are considered more secure than personal checks and are often required for large transactions like real estate purchases or car sales.
The closing agent requested a cashier's check for the down payment.
The funds are typically drawn from the purchaser's account immediately when the check is issued.
- money ordersPrepaid payment certificates
- watermarkingEmbedding ownership indicators
- real estate transactionsSales of land or buildings
- down paymentInitial sum toward purchase
- closing costsFees finalizing property purchase
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cashiers' checkspersonal checks
Written payment orders
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