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[Music] so what is the cashier's check a cashier's check also known as an official check is a check that is issued and guaranteed by the bank the check is backed by the bank's own money and assigned by the bank's teller so again the bank guarantees payment not you this way the receiver of the cashier's check can be sure that the check will not bounce since the bank guarantees the payment and hey banks are known for having money cashier's check along with the money order are getting pretty outdated as forms of payments but there's still situations out there that you may need to get a cashier's check for a simple example is when you want to buy a car from somebody you don't know for say $10,000 if you want to pay in full for it it may be unsafe for you to carry around such amount of cash as well as inconvenient for the seller to make sure that your cash is not some kind of movie prop also a lot of times a down payment for a house may require cashier's check to speed up the process since cashier's checks are processed faster due to higher reliability than personal cheques cashier's check proves that your money is real and you mean business and how do you get a cashier's check everything is basically the same as when you write a personal check but in this case the cheque is written for you by the bank all you need to do is to go to your bank in request the cashier's check from a teller of course you would need the name of the person or a company that you're making this check for and your own ID online banks can mail you the cashier's check since they usually don't have any physical locations once the check is written by the bank the specified amount of money will be frozen on your account until the recipient uses your check there's a small service fee for making the cashier's check so make sure you have some extra money in your account beforehand once you get the check on hand remember to ask for a receipt you may be able to use it to track your cashier's check unfortunately if you don't have a checking account getting a cashier's check may get problematic and you'd have to search around for a bank or credit union that can issue a cashier's check you without an account with them if opening a checking account is not an option then money order would be the next best thing to try however here are the major differences between money order and cashier's check the good thing is that the money order can be written at any post office or monogram and Western Union branches which are usually located at grocery stores or banks as well another good thing is that you don't need a bank account to get a money order the best thing is that a money order is restricted by a maximum amount of $1000 in the one thing both cashier's check and money orders have in common is presents in the news related to various - camps let me know in the comments if you want to learn about the popular cashier's check scams so you don't get fooled next time you're dealing with it as always subscribe if you haven't yet and hit that like button in this was fun thank you and I will see you in the next [Music] [Applause] you