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A cashier's check is generally considered safer than a money order because it is issued by a bank and is backed by the bank's funds, providing more security against fraud or loss.

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5mo ago

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What is safer a cashiers check or a personal check?

A cashiers check is far safer than a personal check, whether you are the payee or the payor. If you are the payee (the one receiving the check) and receive a personal check that is insufficient, you have very little recourse in obtaining the money owed to you. If you are paid with a cashiers check, it is guaranteed funds, since the bank will only issue the check with available funds (meaning it has to be paid for with cash or purchased at the person's bank, where the bank can verify there are sufficient funds in their account to cover the amount of the check). If you are the payor (the one paying by check), the bank can trace the check for you if the person to whom you were paying loses it or says they never received it. Also, if the check does get lost, it will be far more difficult for someone to forge their signature to it and cash it. Also, a cashiers check does not have as much personal identification on it like a personal check does (address, checking account number, etc.).


Why would someone use a money order instead of a check?

A money order is safer from the point of view of the seller. it cant bounce like a cheque can.


Is it safe to send checks by mail?

It's safer than sending cash, but not 100% safe...there's always the chance of your mail being intercepted. A cashier's check or money order would probably be best.


Why pay with check?

Reasons: * Easier * Safer * You need not carry cash * You need not waste time counting the money * You need not bother about safeguarding the cash in your wallet * You can keep track of who received the money from you * etc.


Are structured annuities FDIC insured?

Money in a bank is FDIC insured. Money with an insurance company is actually safer than with a bank.

Related Questions

What is safer a cashiers check or a personal check?

A cashiers check is far safer than a personal check, whether you are the payee or the payor. If you are the payee (the one receiving the check) and receive a personal check that is insufficient, you have very little recourse in obtaining the money owed to you. If you are paid with a cashiers check, it is guaranteed funds, since the bank will only issue the check with available funds (meaning it has to be paid for with cash or purchased at the person's bank, where the bank can verify there are sufficient funds in their account to cover the amount of the check). If you are the payor (the one paying by check), the bank can trace the check for you if the person to whom you were paying loses it or says they never received it. Also, if the check does get lost, it will be far more difficult for someone to forge their signature to it and cash it. Also, a cashiers check does not have as much personal identification on it like a personal check does (address, checking account number, etc.).


Why would someone use a money order instead of a check?

A money order is safer from the point of view of the seller. it cant bounce like a cheque can.


Is it safe to send checks by mail?

It's safer than sending cash, but not 100% safe...there's always the chance of your mail being intercepted. A cashier's check or money order would probably be best.


Why do people believe that their money is safer in Switzerland banks?

Their money is safer because Swiss banks have a reputation for being discreet and tight with account s.


Why pay with check?

Reasons: * Easier * Safer * You need not carry cash * You need not waste time counting the money * You need not bother about safeguarding the cash in your wallet * You can keep track of who received the money from you * etc.


The sign on the parking meter says out of order so the meter isn't working?

That seems likely. It's safer to not risk it and lose money/get a fine


Where can I buy cheap accessories for the iPad on the internet?

Check out amazon, prices in there are very nice. Also it is much safer than eBay, if you are not satisfied with the order you can simply ship it back and get your money back. But it has to be in less than 30-days and the same as it arrived to ship it back.


Why save money in banks?

Because it is safer there but not at the moment!!


What types of income can be put up as collateral for a loan?

Any income can be used as collateral but it is not advisable. Tangible collateral is much safer. I am dubious if someone wants cash, check, money order, or other forms of hitting your bank account. So many are scammers and will clean you out in a heartbeat. Beware!


How much money does morley Safer make a year?

1.4 mil


Can you check a computer in your luggage"?

No, it is not recommended to check a computer in your luggage due to the risk of damage or theft. It is safer to carry it with you as a carry-on item.


Are structured annuities FDIC insured?

Money in a bank is FDIC insured. Money with an insurance company is actually safer than with a bank.