Account holders are able to take advantage of these services by purchasing items like a Wells Fargo cashiers check when they are interested in making transactions that require certified funds. Wells Fargo’s cashier check fee is $10 per check, however there are more to a cashier check than their fees.
Continue reading our guide below to get a better understanding to what a cashier’s check is, how to get one and when to use it is just as important.
What is a Cashier’s Check?
Cashier’s checks are checks that draw on the bank’s own funds to make the payment. Your bank or credit union prints a document with the name of the recipient (or payee) and the amount, and the recipient uses that document to collect funds from your bank.
Cashier checks are usually used for large purchases or important fees that requires a guaranteed payment such as real estate or apartment lease deposits.
How Do Cashier’s Checks Work?
Contrary to popular belief, you can’t just walk into any bank and request a cashier’s check. An issuing bank will guarantee payment on a cashier’s check only if it receives sufficient funds upfront to cover the amount of the check. So if you want a $1,00 cashier’s check, you will need to deposit $1,000 in cash.
Because these checks are backed directly by the issuing bank, they are typically in financial transactions that require a high level of security. Unlike money orders, which have a $1,000 limit, cashier’s checks can be issued for any amount, as long as the bank receives the required funds for payment.
How to Order Wells Fargo Cashier’s Check
A Wells Fargo cashiers check can be purchased at any branch during normal business hours by entering the lobby and talking to a teller. To be get a Wells Fargo Cashier’s check, you’ll need a checking or savings account to pull funds from.
If needed, you can also open a new account with sufficient funds to cover the check. Whichever way you choose, make sure that you have the full amount available in your bank account.
Here are some important things to keep in mind when ordering online:
- You’ll be assessed a delivery fee of $8.
- Service is offered only to those customers who have a Wells Fargo account with sufficient funds available to cover the amount of the cashier’s check.
- Any cashier’s checks ordered cannot exceed $2,000 in value.
If you have any issues with your online transaction, you can call Wells Fargo customer service anytime since they are open 24 hours a day, 7 days a week at 1-800-956-4442.
Compare Wells Fargo Cashier Check’s Fees with Other Banks
Most banks and credit unions offer cashier’s checks and certified checks, but note all offer both, and some use a different name, “official checks.” Make sure to ask your bank for availability and pricing! Many sell them only to account holders, so they might offer you with reduced fees or no fees!
| Financial Institutions’ Cashier’s Check Fees and Options to Waive Them | ||
| Financial Institution | Cashier’s Check Fee | Options To Waive Fee |
| Bank of America | $15 | No fee Preferred Rewards customers |
| Chase Bank | $8 | No fee for Premier Plus and Sapphire checking accounts. |
| Capital One | $10 | Can’t escape it |
| Ally Bank | $0 | N/A |
| Navy Federal Credit Union | Two free cashier’s checks per day, then $5 each | Avoid going over two cashier’s checks per day |
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Bottom Line
Cashier checks are the most secure payment method for large amounts since there’s no ceiling on the amount you can get one for like there is with money orders. They come with almost immediately available funds and little risk of check bouncing.
Especially if you’re purchasing real estate and may be the only payment method accepted.
You can learn earn more about Wells Fargo and keep up with the latest Wells Fargo Promotions.
If you’re interested in more bank promotions, check out the latest bank bonuses here!
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