Most banks charge $5 to $15 per cashier's check, though some waive the fee if you maintain a high account balance

The cost of a cashier's check depends on your bank and your account type. Large national banks typically charge $7 to $15 per check. Credit unions and smaller regional banks often charge $3 to $10. Some banks waive the fee entirely if you keep a minimum balance—usually $1,500 to $5,000—or maintain direct deposit.

The fee is separate from any balance requirement. You still need to have the full amount of the check in your account; the fee comes out on top of that. If you need five cashier's checks for a real estate closing, you might pay $35 to $75 in fees alone, depending on where you bank.

Online banks and some credit unions offer cashier's checks for free or at a steep discount. If you bank online, it's worth asking whether they issue them at all—some don't—and what the cost is before you switch accounts just to save a few dollars.

Key Takeaways

  • Cashier's check fees range from free to $15 per check, with $7 to $10 being typical at most banks.
  • Many banks waive the fee if you maintain a minimum account balance or have direct deposit set up.
  • The fee is charged in addition to the face value of the check, so budget for both.
  • Credit unions and online banks often charge less than large national banks.
  • Calling your bank directly is the fastest way to find out their exact fee and any ways to avoid it.

How to find out what your bank charges

The easiest way is to call your bank's customer service line or visit a branch in person. Ask specifically: "What is your fee for a cashier's check?" and "Do you waive it for any account types?" Write down the answer—fees and policies change, and you want to know what applies to your account right now.

If you're shopping around, call three or four banks you're already familiar with or considering. The difference between a $5 fee and a $15 fee adds up if you need multiple checks. Some banks also charge extra if you need the check issued the same day or if you order it by phone rather than in person.

When the fee might be waived

Premium checking accounts—often called "gold" or "premier" accounts—frequently waive cashier's check fees as part of the package. These accounts usually require a higher minimum balance, often $2,500 to $10,000, but if you keep that balance anyway, the waived fees are a bonus.

Direct deposit is another common trigger. If your paycheck or benefits deposit automatically into your account, many banks will waive the fee. Some banks also waive it if you have a linked savings account or a credit card with them.

Student accounts and senior accounts sometimes include fee waivers too. If you're under 25 or over 62, ask whether your bank offers a special account type with lower or no fees on cashier's checks.

Comparing cashier's checks to other payment methods

A cashier's check costs money, but it's often cheaper than the alternative. A wire transfer typically costs $15 to $30 and carries a small risk of sending money to the wrong account if you mistype a number. A certified check costs $5 to $10 and is nearly as secure as a cashier's check, though some sellers won't accept it.

A personal check is free but offers no may provide of funds—the seller has to wait for it to clear, and if your account doesn't have enough money, it bounces. For large transactions like a down payment or a car purchase, the $10 fee for a cashier's check is usually worth the certainty.

If you need the money to arrive the same day, a wire transfer is your only option. If you have time and the seller will accept it, a certified check or even a personal check might save you money.

What happens if you need a replacement

If you lose a cashier's check or it never arrives, your bank can issue a replacement. Most banks charge a second fee—usually the same amount as the original—to reissue it. Some banks waive the replacement fee if you can prove the first check was lost in the mail or destroyed.

The process takes time. Your bank will typically require you to sign an indemnity form (a legal document stating you won't cash both checks) and may ask you to wait 30 to 90 days to make sure the original check doesn't show up. Only then will they issue the replacement.

To avoid this hassle, keep your receipt and confirmation number when you pick up a cashier's check. If you're mailing it, use tracking so you know it arrived. If the seller doesn't receive it, you'll have proof of when it was sent.

Cashier's checks from banks you don't use

If you need a cashier's check but don't have an account at a bank, you can still get one—but the cost is higher. Most banks charge $10 to $20 to issue a cashier's check to a non-customer. You'll need to bring cash or a debit card and have the full amount available.

Some banks limit how many non-customer cashier's checks they'll issue or require you to come in during specific hours. Call ahead to confirm they'll do it and what you need to bring.

If you're a non-customer and need a cashier's check regularly, opening a basic checking account might actually save money in the long run. Many banks offer free or low-cost accounts with no minimum balance.

Frequently Asked Questions

Can I get a cashier's check without going to the bank in person?

Some banks allow you to order a cashier's check by phone or online and pick it up at a branch, or have it mailed to you. Others require you to be present. Call your bank to ask. If you order by phone or mail, some banks charge an extra $2 to $5 fee.

Do credit unions charge less than banks?

Often yes. Credit unions typically charge $3 to $8 per cashier's check, compared to $7 to $15 at large banks. However, you have to be a member to use their services. If you're not already a member, the savings might not be worth joining just for one check.

What if I need the check the same day?

Most banks can issue a cashier's check the same day if you visit in person during business hours. Some charge an extra rush fee of $5 to $10. Call ahead to confirm they have the funds available and can do it before they close.

Is a cashier's check fee tax-deductible?

Cashier's check fees are generally not tax-deductible for personal transactions. If you're using the check for a business expense, consult a tax professional about whether it qualifies as a deductible business cost.

Why do some banks charge more than others?

Larger banks with more overhead tend to charge higher fees. Credit unions and online banks have lower costs and pass some of that savings to customers. Some banks also use fees to encourage customers to maintain higher balances or use other services.