A cashiers check is far safer than a personal check, whether you are the payee or the payor. If you are the payee (the one receiving the check) and receive a personal check that is insufficient, you have very little recourse in obtaining the money owed to you. If you are paid with a cashiers check, it is guaranteed funds, since the bank will only issue the check with available funds (meaning it has to be paid for with cash or purchased at the person's bank, where the bank can verify there are sufficient funds in their account to cover the amount of the check). If you are the payor (the one paying by check), the bank can trace the check for you if the person to whom you were paying loses it or says they never received it. Also, if the check does get lost, it will be far more difficult for someone to forge their signature to it and cash it. Also, a cashiers check does not have as much personal identification on it like a personal check does (address, checking account number, etc.).
cashiers or bank check!
the person who is making the check.
cashiers check
Yes, you have to sign a cashiers check before you give it to a payee. Some cashiers checks do not have to be signed. If there is a space to sign, you need to sign.
You cannot generally change the payee on a cashiers check without it looking like fraud. Contact the issuer of the cashier's check in order to void the check and reissue.
cashiers or bank check!
A bank issues a cashiers check,on behalf of a depositor, by setting funds aside from the depositor's account.
You deposit the check and send them a cashier's check or money order. (Unless the Trustee accepts personal checks)
the person who is making the check.
yes
Yes, you have to sign a cashiers check before you give it to a payee. Some cashiers checks do not have to be signed. If there is a space to sign, you need to sign.
cashiers check
cashiers check
You cannot generally change the payee on a cashiers check without it looking like fraud. Contact the issuer of the cashier's check in order to void the check and reissue.
At the bank that you use
Yes.
Yes, you still owe the money. Yes, if the cashiers check expired the money is still available in that account so all you will need to do is have another cashiers check cut.