Cashiers Checks are safe alternatives to carrying personal checks or cash - especially for larger transactions where added security and peace of mind is necessary.
We highly recommend them for the successful completion of private party sales between individuals. Use Money Orders for amounts up to $1,000 & a cashier’s check for amounts over $1,000.
A Cashier's Check is a form of check that is guaranteed by a financial institution and are treated as guaranteed funds.
- Available for amounts over $1,000.
- Must be purchased with guaranteed funds.
- Must be made payable to the member or a third party.
Note: Most financial institutions do not clear cashier’s checks instantly. They’re permitted to take back funds from a “cleared” check for a limited amount of time if processing finds it to be fraudulent. Because people falsely believe that checks have been validated by being given cash, many are defrauded by schemes that ask them to part with goods in exchange for for what they believe to be a solid commitment.