2 ms·
A cashier's check is effectively a cash equivalent - it's a check guaranteed by the bank, wherein they basically freeze the funds in your account at the time yo
by Amezarak 9y ago
A cashier's check is effectively a cash equivalent - it's a check guaranteed by the bank, wherein they basically freeze the funds in your account at the time you write the check. The only real purpose of it is to save people from carrying around huge amounts of cash. So that doesn't really answer his question.