There are 3 ways in which you can go about cashing a cashier’s check: at the issuing bank, by depositing it into your account and at a check-cashing store.
How to cash a cashier’s check at the issuing bank
You will tend to have an easier time in cashing a cashier’s bank if you opt to cash it at the issuing bank. Indeed, in many cases, you may find that the only place where you can conveniently and cost-effectively cash a cashier’s check is at the issuing bank.
Now having opted to cash the cashier’s check at the issuing bank, you will first need to find out which bank issued the specific check in question. This is very easy, because the issuing bank’s name is usually very prominently indicated on the check itself.
Having found out which bank issued the cashier’s check, the next step is to find a branch of that bank near you. If the particular branch where the check was issued is near where you are, it would be ideal for you to go there (at the issuing branch) to make things even easier. Either way, you need to venture into the banking hall, and inform a teller that you want to cash a cashier’s check.
The teller will then ask you to hand over the cashier’s check you wish to cash, as well as your identification. So you may need to go with your driving license, and other identifying documents. The teller will almost certainly also ask you for your bank account details — although in theory, cashier’s checks are/were supposed to be cashable even without account details. But the cashing tends to be definitely much easier if you have a bank account…
The cashier’s check (and possibly your identification documents as well) will then be taken for verification. And if everything turns out to be authentic, the money (in the cashier’s check) will be made available to you — typically minus a small processing fee.
How to deposit a cashier’s check into your bank account
To deposit a cashier’s check into your bank account, follow these steps:
First venture into the banking hall and inform a teller that you want to deposit a cashier’s check into your bank account.
The teller will then request you to sign the back of the cashier’s check you are seeking to deposit into your account. You will also be requested to indicate your account number (for the account you wish to deposit the cashier’s check into) directly below the signature. So you sign, and then directly below the signature, you indicate the account number you wish to have the check deposited into.
In some institutions, you may have to go further and fill in a deposit slip for the transaction.
The check will then be processed, and the funds made available to you soon (typically on ‘next day’ basis for amounts below $5,000).
Some banks may also have arrangements where you can deposit a cashier’s check into your account through their banking apps and through ATMs. In both cases, the most important thing is to ensure that the check is signed at the back, and your account number indicated directly below the signature.
How to cash a cashier’s check at a check-cashing store
If you wish to cash a cashier’s check at a check-cashing store, follow these 3 steps:
First, identify a check-cashing store that is known to process cashier’s checks (apparently not all of them do).
Having identified a check-cashing store that is known to honor cashier’s checks, venture inside and inform the tellers that you wish to cash that type of check. You will then be asked to hand over the cashier’s check you wish to cash, as well as your identification information.
The check and your identification documents will be scrutinized, for authenticity. And if both (the check and your identification documents) are verified to be authentic, then the funds (in the cashier’s check) will be made available to you. This may be in the form of hard cash, especially for small amounts. There are also instances where you may be given a debit card through which to access the funds. Of course, some money will be deducted by the check cashing store for the help rendered in the process.
If the Cashier’s Check that you got isn’t sufficient for what you want to do, read on how to get a personal loan from Discover.