Facebook X (Twitter) Instagram
    DollarDosh.comDollarDosh.com
    • Banking
    • Credit Cards
    • Insurance
    • Investing
    • Marketing
    • Money
      1. Make Money
      2. Personal Finance
      3. jobs
      4. Economy
      5. Business
      6. Financial Planning
      7. Side Gigs
      Featured

      12 Realistic Ways to Make One Million Dollars

      June 23, 2023
      Recent

      12 Realistic Ways to Make One Million Dollars

      June 23, 2023

      10 Unexpected Jobs You Can Do From Home

      June 23, 2023

      17 Ways to Make Money on YouTube Without Making Videos

      June 23, 2023
    • Crypto
    Subscribe
    DollarDosh.comDollarDosh.com
    Home»Banking»What Is the Bank of America Cashier’s Check Fee?
    Banking

    What Is the Bank of America Cashier’s Check Fee?

    dollardoshBy dollardoshJune 21, 2023No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Bank of America
    Share
    Facebook Twitter LinkedIn Pinterest Email

    You can access financial products like cashier’s checks if you have a checking or savings account with Bank of America. For a significant transaction when a guaranteed form of payment is required, such as the purchase of a home or car, you might need a cashier’s check.

    Table of Contents

    • How to Get a Cashier’s Check from Bank of America
    • Fee for Cashier’s Checks from Bank of America
    • Differences Between Cashier’s Checks and Other Guaranteed Checks
    • How To Prevent Fraudulent Cashier’s Checks

    Bank of America only issues cashier’s checks to account holders; depending on the type of account they have, they could have to pay a $15 fee. This contrasts with other financial organisations that will issue cashier’s checks even if you don’t bank with them. Learn how much a Bank of America cashier’s check costs, how to obtain one, how to avoid being conned, and why you would require one rather than another type of guaranteed check.

    Bank of America

    How to Get a Cashier’s Check from Bank of America

    Cashier’s checks are often seen as secure because a bank, not a person, guarantees them. A bank will check to see if a customer has enough money in their account to cover a cashier’s check before freezing the funds until the payee cashes the check.

    You must go to your nearby branch and present the teller with your ID, the details of your bank account, the precise amount of the check, and the name of the payee in order to obtain a cashier’s check. If you are not a member of Bank of America’s Preferred Rewards programme, you will need to pay the cashier’s check fee and have the teller print and sign the check. You can take the check and give it to the payee after you’ve paid the charge.

    Fee for Cashier’s Checks from Bank of America

    For a $15 fee, Bank of America provides cashier’s checks to every customer with a checking or savings account. However, if you are a member of Bank of America’s Preferred Rewards programme, this charge won’t apply to cashier’s checks you get. Wells Fargo and Citi® charge $10 and provide cashier’s checks for free on specific accounts, while Bank of America charges a cost that is in the middle of the industry. Capital One has no waiver but costs $20 for an online transaction with expedited shipping or $10 in-person.

    Differences Between Cashier’s Checks and Other Guaranteed Checks

    Money orders and certified checks are not the same as cashier’s checks. A certified check is a personal check that the bank signs and certifies to show that the money is in your account and that your signature is authentic.

    Money orders, which are prepaid like cashier’s checks, are available through banks, post offices, and even select retail outlets like Walmart. However, a money order can only be for $1,000 or less. You will probably require a cashier’s check if you need to pay for something that costs more than $1,000 and the payee requests a guaranteed form of payment.

    How To Prevent Fraudulent Cashier’s Checks

    Cashier’s checks are frequently utilised in frauds since they are typically trusted. Although you can typically withdraw money from a cashier’s check that has been deposited swiftly, if the check turns out to be fraudulent, you’ll be liable for paying the bank the money back.

    Accepting a cashier’s check from a stranger, even if it is from Bank of America or another reputable bank, should be done with caution. Take the following actions to decrease your chances of receiving a poor cashier’s check:

    • Ask for a cashier’s check written on a bank with a branch close to you if at all possible.
    • To determine if the check is legitimate, contact or go to the bank on which it is written.
    • Understand the difference between your account’s available balance and the cashier’s check’s real clearing status. Even if the check hasn’t cleared, certain banks are compelled by law to make money available to consumers.
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article16 Top Small Businesses Spotlighted in 2022
    Next Article 8 Most Active Stocks To Buy In 2022

    Related Posts

    Banking

    Cash App Borrow: How To Borrow Money On Cash App

    June 23, 2023
    Banking

    TD Bank Hours: Full Hours and Holidays

    June 23, 2023
    Banking

    Wells Fargo Bank Holidays in 2022

    June 22, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    How to Make Money Online for Beginners

    July 16, 2023

    7 of the Best Money-Making Apps in 2023

    July 16, 2023

    Work from home jobs are popular and usually pay more.

    July 16, 2023

    How to Make Money Online in 30 Ways

    July 15, 2023

    What’s the easiest way to make money online?

    July 11, 2023

    How can a student under 18 make money online?

    July 11, 2023

    24 Ways Teens Can Make Money Online

    July 11, 2023

    How to Make Money Online in 19 Ways

    July 11, 2023

    12 Realistic Ways to Make One Million Dollars

    June 23, 2023

    Cash App Borrow: How To Borrow Money On Cash App

    June 23, 2023
    Facebook X (Twitter) Instagram Pinterest
    • About
    • Privacy Policy
    • Terms of Use
    • DMCA
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.