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A cashier's check was required as my first payment for an apartment, every payment after can be done through online. I still don't understand what the purpose o
by michannne 7y ago
A cashier's check was required as my first payment for an apartment, every payment after can be done through online. I still don't understand what the purpose of the initial payment was.
- lostgame 7y agoPerhaps some form of bizarre ID verification, or the simplicity of handing that cheque back to you at the end (assuming it’s a security deposit?)
- wiredfool 7y agoA cashiers check is known good funds, online transfers aren’t.
- deleted 7y ago[deleted]
- yardie 7y agoA cashiers check is cut by the bank and not you. You pay the bank, bank writes the check, landlord gets a check they draw from the bank, not your account. It’s very hard to reverse cashiers check so the chance of it bouncing is extremely low.