I’m going to do a whole series on this based on some questions I keep getting, but for now, here is the short version.
A cashier’s check is a check drawn on the bank’s funds, instead of a person’s funds. As a result, such a check would never bounce, or fail to clear for insufficient funds. However, there is a rash of scams out there involving fraudulent, or fake, cashier’s checks, so always call the bank to verify a cashiers check before accepting it.
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