How much does a cashier's check cost?

How much does a certified check cost?

A certified check is your own check that the bank marks as guaranteed. It usually costs about $5 to $15. A cashier's check is written from the bank's own money, and is more widely accepted for home and car deals.

A money order is another choice for smaller sums. It is capped at $1,000 each.

Watch for fake checks

Cashier's check fraud is common. If you receive one, call the bank using a number you look up yourself, not the number printed on the check.

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Before you decide

When you need one

Sellers ask for a cashier's check when they need payment that will not bounce: a home down payment, a used car from a private seller, a rental deposit or a court payment. The bank takes the money from your account before it prints the check, so the funds are guaranteed.

How to get one

Go to your bank with photo ID, the exact amount and the exact name of the person or company to pay. Most banks print it while you wait. Some let you order online and mail it, which takes 5 to 7 business days. If you lose it, call your bank right away; replacing it can take time and may cost a fee.

Cashier's check, money order or wire?

A money order costs a few dollars at a post office or store, but each one is capped at $1,000. A wire transfer moves money the same day and suits large payments, but banks charge their own wire fees, and a wire is very hard to undo if you are scammed. For most home and car deals, a cashier's check is the simple middle choice. Always confirm the payee's exact legal name before the bank prints it, because a wrong name can mean paying for a second check.