What's a cashier's check?
A cashier's check is an extremely secure form of payment accepted by almost everyone and issued exclusively by banking institutions, like retail banks and credit unions. Unlike a personal check, which is drawn against your personal account, a cashier's check is drawn against the issuing bank's own funds, making it almost impossible for the check to bounce.
They're easy to get and fairly inexpensive, too, with fees ranging from just a few dollars to around $15, depending on the size of the check and any additional complications that may be involved in the transaction. They're frequently requested from home buyers for closing on their mortgage loans, making them incredibly common financial instruments.