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Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offers details page using the designation "Sponsored", where applicable. You can cash any type of check there, including personal, payroll, certified, cashier . Farmers Insurance - Billy Hurt. Making the right choice can get you out of debt and back on track. Here are two instances when you may be able to get a cashiers check without a bank account: If you dont have a bank account, you can try calling different banks to see if theyll allow you to purchase a cashiers check without an account. TD Bank is only available on the East Coast: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA. Canceling a cashier's check is generally not an option. Sep 7, 2015 at 21:58. If you're buying a car or other vehicle or closing on a house, it's not practical to tote a bag of cash to the table. What Is a Money Order? How a Money Order Works and Where to Buy One At worst, the seller loses the cash and the item sold if it was already shipped. You should have your ID ready, too; the teller will probably ask to see it. For larger transactions, providing (or receiving) a cashiers check may be the best choice. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. If its inconvenient for you to visit a bank, many supermarkets, pharmacies and convenience stores also sell cashiers checks. Pay single or multiple recipients at the same time. Avoid taking a cashiers check from someone you dont know. A cashiers check is a check drawn from the banks own funds, not yours, and signed by a cashier or teller. "The scammer might create urgency by saying they accidentally sent too much money and they need it back urgently for something important like paying their rent," Strobel says. Cashiers check vs. certified check vs. money order, A cashiers check is drawn from the banks own funds, not yours whereas. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. A better option may be a cashier's check. The .gov means its official. And, if a person dies without leaving a beneficiary to their property, it becomes escheated, or claimed by the state. 6 Steps You Should Take Following Identity Theft, Do Not Sell or Share My Personal Information. Fakes are often written in an amount far exceeding the amount required, which is intended to coax the victim into wiring back the balance to the scammer. The site is secure. Something went wrong. If you lose a cashiers check, the bank may require that you get an indemnity bond before issuing another one. Try it for free today! There is no minimum direct deposit amount required to qualify for the 4.20% APY for savings. Checks that were drawn on Silver State Bank that did not clear before the institution closed will be honored up to your available balance or the insured amount. The most frequent result is for the FDIC to transfer only the insured deposits in a merger transaction. RECIEVED CASHIER'S CHECK, DEPOSITED IN ACCOUNT, FUNDS WERE AVAILABLE NEXT DAY. Unless a cashier's check is fraudulent, there's almost no risk that it will be declined, or "bounce.".