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Avoid being a victim of a cashier check scam! If you are a writer or anyone who doe service for payment, and receive an email from an unknown person who is vague in providing information about their business, and you receive a cashier's check, please investigate, The business, and the person contacting you.
written by Anita Johnson-Brown
A cashier's check (or cashier's cheque, cashier's order) is a check guaranteed by a bank, drawn on the bank's own funds, and signed by a cashier.[1] Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, are responsible for paying the amount. They are commonly required for real estate and brokerage transactions.
Genuine cashier's checks deposited into a bank account are usually cleared the next day. The customer can request "next-day availability" when depositing a cashier's check in person.
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Forged cashier's checks may bounce 2 weeks after being deposited.
Be sure to check your financial institution for verification and citations.
written by Anita Johnson-Brown
