How To Cash A Cashier’s Check Online In No Time 2024
How To Cash A Cashier’s Check Online In No Time. Cashing a cashier’s check is not always as simple as cashing a personal check, and there are fewer places that offer the service such as Banks and Credit Unions, Cash Checking Stores, and Walmart.
A customer who obtains a cashier’s check pays for the full face value of the check and generally also pays a small premium for the service. A cashier’s check allows the money to be drawn from the bank’s account. With a personal check, money is drawn from your account which may be insufficient to cover the check.
How Can I Cash A Cashier’s Check Online?
Cashing a cashier’s check online saves you the trip of going to the store or bank as you get to do it right from the comfort of your home. If you have a checking account with a bank that offers an online deposit or mobile deposit, you can always cash a cashier’s check online.
To cash a cashier’s check through a mobile app, follow these steps in order to cash a cashier’s check online.
- Endorse the check as you normally would and write “For Online Deposit Only” underneath.
- Following the banking app’s instructions, take a photo of the front and back of the check using your phone camera, and confirm that the auto-populated information for the check is correct.
- If the deposit is made, the funds will be available in your account within one to two business days. Keep the check for 14 days until it clears, then tear the physical check.
Alternatives To Bank Cashier’s Check
1. Certified Checks
Certified checks are like cashier’s checks, but they’re drawn straight from your account. It’s essentially still a personal check, but it’s signed by both you and the bank. That means the bank guarantees the amount of the check to the payee.
2. Social Payment Apps
Social payment is the use of social media to transfer money to another person or business. The trend was first universalized by PayPal, and other companies have since invented their own versions, including Venmo, Snapcash, Google Wallet, Apple Pay, Twitter Buy, and lots more.
3. Wire Transfers
With a wire transfer, money is sent automatically directly from your account to the receiver’s account with no check needed. This system makes the process a seamless one.
4. Money Orders
A money order isn’t a check, but it is a secure form of payment. You obtain the money order for a specific amount and write it out to the payee. He or she takes it to the bank and either deposits or cashes it. Unlike the cashier’s check, a money order may be less expensive. The U.S Postal Service offers them for $1.75 or less. They are also easy to access as you’re not limited to finding them at banks and credit unions.
Where Can I Get A Cashier’s Check?
Cashier’s checks are only sold by banks, credit unions, or online financial institutions. Most banks and credit unions make cashier’s checks available for a fee, which is usually around $10 per check, though some types of accounts allow bank customers to get free cashier’s checks.
1. Financial institutions online
Firstly, you can order a cashier’s check online. This differs from place to place, but most banks will only grant this service to their customers. When you request a cashier’s check online, the bank normally sends a physical check to your mailing address after you must have paid the delivery fee.
2. From a bank
Secondly, To purchase a cashier’s check from a bank, you’ll need to provide identification and other relevant data like the amount of the check, the correct spelling of the payee’s name, and any other complimenting document or information.
3. From a credit union
Thirdly, you can obtain a cashier’s check from a credit union following the same process with the bank. One notable difference, though, is that you can get a cashier’s check from any credit union, whether you are a member or not.
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