Personal checks are the right way of making payments. But sometimes it can bounce. It can be tricky. So it is safer to use other methods like Cashier’s Check Or Money Orders.
For Cashier’s check, you will have to go to the bank and buy a check. It may cost a bit of extra money. But it is worth it. Banks will take the money right out of your checking account or savings account and transfer it to their accounts. It will make the payment to the recipient from its account.
Cashier’s check may charge an extra of $10 or something more than that, but it is highly safe. And you can be sure that it will not bounce due to insufficient balance. Banks only issue cashiers check when you have a sufficient balance in your account. That’s the reason the recipient will surely get the payment.
In the case of money orders, you can get it from banks and U.S. Postal Service, convenience stores, drug stores, grocery stores, and check-cashing companies. All you need to do is pay for it with cash or your debit cards; you can’t pay for it with a credit card unless you pay for it upfront. Money orders are easy to get, and banks do not charge a hefty sum for it.
When it comes to canceling money orders and Cashier’s checks, the latter can be very annoying. The process includes you getting an indemnity lost money order bond and waiting 30-90 days for the repayment. Both are safe methods, but money orders seem like the more comfortable choice.
