Cashier Checks

Home » Topics » Compliance Masters Group (Members Only) » Cashier Checks

• Author
  Posts
• May 2, 2019 at 9:10 am EDT #15133
  elebra

  Participant

  Who should checks be written to for the purchase of cashier checks? The bank, cash or themselves?

  May 3, 2019 at 2:09 pm EDT #15316
  rcooper

  Member

  I think generally, if the customer is using an on-us check to purchase the cashiers check they will make the check payable to the bank (this is what I’ve seen most) or the customer themselves.

  May 3, 2019 at 4:03 pm EDT #15338
  kmeade

  Participant

  Our bank prefers the check be made payable to the bank, but if the check is made payable to cash or themselves we make them sign the back of the check being used.

  May 3, 2019 at 4:35 pm EDT #15350
  rcooper

  Member

  I agree with Kathy, if the check is made payable to the customer it would need to be indorsed over to the bank. Like Kathy, payable to the bank is the preferred method.

• Author
  Posts