What's the difference between a money order and a cashiers check?

FoBoT

No Lifer
Apr 30, 2001
63,084
15
81
fobot.com
not much

Cashiers Check
A check provided to a customer of a bank or acquired from the bank for remittance purposes. The check is drawn on a bank and signed by a bank officer or employee on behalf of the bank as drawer and is a direct obligation of the bank.

Money Order
An order issued by a post office, financial institution, telegraph office, or other agency for payment of a specified sum of money, usually at another office. Two types of money orders exist. The first type is a product marketed by firms under the strict security rules of a franchise agreement with their outlets. The second type is sold by individual institutions and the Post Office as a convenience to their customers.


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rudder

Lifer
Nov 9, 2000
19,441
86
91
A money order is best cause you can cash it at the post office. If you are not near your own bank a cashiers check can be hard to cash.
 

RossMAN

Grand Nagus
Feb 24, 2000
78,963
412
136
Not much but if I wanted to get paid for an auction, car, or house I would first insist on a cashier's check (drawn from a major FDIC U.S. Bank) if that's not possible then I would get a money order.