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Get the free Cashiers Check vs. Money Order: How to Decide - NerdWallet

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METHOD OF PAYMENT Check 0 Cashiers Check 0 Money Order 0 Please charge to my: Exp. Date _ _ _.!_ _ VISA 0 MasterCard 0 Card No. !___Please include Payment with order. Make check×money order payable
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How to fill out cashiers check vs money

01
To fill out a cashier's check, follow these steps: 1. Write the recipient's name: Fill in the name of the person or organization you are paying.
02
Write the payment amount: Write the exact amount of money you want to pay.
03
Write the date: Enter the current date on the check.
04
Sign the check: Sign your name in the signature line at the bottom of the check.
05
Obtain a receipt: Keep the receipt of the cashier's check as proof of payment.

Who needs cashiers check vs money?

01
Cashier's checks are often used in situations that require a guaranteed form of payment, such as: 1. Real estate transactions: Both buyers and sellers may prefer cashier's checks to ensure the funds are secure.
02
Large purchases: When making a significant purchase, such as a car or boat, the seller may request a cashier's check to avoid the risk of a personal check bouncing.
03
Rent payments: Landlords may require tenants to pay rent with a cashier's check to ensure timely and secure payments.
04
Legal settlements: Cashier's checks are commonly used to disburse funds in legal settlements or court-ordered payments.
05
International transactions: In some cases, cashier's checks may be preferred for international transactions due to their guaranteed funds and acceptance by foreign entities.
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A cashier's check is a check guaranteed by a bank, while money order is a prepaid payment order for a specific amount of money.
Anyone can purchase a cashier's check or money order, but typically they are used by individuals who do not have a checking account or need a guaranteed form of payment.
To fill out a cashier's check or money order, you will need to provide the recipient's name, the amount of money, and sign the document.
The purpose of a cashier's check or money order is to provide a secure form of payment that is guaranteed by the issuing bank.
The recipient's name, the amount of money, and the issuer's information must be reported on cashier's check or money order.
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