Cashier's checks, Money orders, and Certified checks
Cashier's Check
A check written by a bank on its own funds
Certified Check
A personal check that has been verified by the bank to be good.
Money Order
A way for people with no checking account to send money by mail
Certified Check
Bank guarantees that there is sufficient money in the account at the time the check was written.
Money Order
Best when sending money to someone you don't know very well
Money Order
Can get from the post office, convenient stores, grocery stores, etc.
Cashier's Check
Drawn on the issuing bank's cash reserves
Money Order
Has a limit of $1000
Money Order
Offers the most protection out of cashier's checks, certified checks, and money orders
Cashier's Check
Signed by a bank cashier
Certified Check
Stamped with "Certified"
Bank
Where you must get a cashier's check or certified check
