Definition
A check backed by the bank’s own funds. It’s considered more secure than a personal check and is often required for large purchases.
What to consider
- Use a cashier's check for important, high-value transactions.
- They provide extra security compared to personal checks.
- Keep the receipt until you’re sure the payment is complete.
Real world scenarios
- Diane buys a used car from a private seller and pays with a cashier’s check, assuring both parties of safe payment.
- When closing on a house, Seth brings a cashier’s check to finalize his down payment and closing costs.
- Sylvia prefers a cashier’s check for large transactions, avoiding the risk of personal checks bouncing.
Related terms
Related Playbooks
Get instant access to all our expert playbooks and 1-1 financial coaching when you join the Bolder Money community. Learn more here.
Budgeting & Spending
Creating Your First Spending Plan: A Step-by-Step Guide
Budgeting & Spending
Healthy Online Shopping Habits Blueprint
Budgeting & Spending
Healthy Food Spending Habits Guide
Budgeting & Spending
Smart Gift-Giving Strategy Guide
Budgeting & Spending
Smart Strategies for Cutting Back Expenses
Budgeting & Spending
Zero-Based Budgeting: Your Guide to Intentional Spending Success
