Bank of America Cashier’s Check Cost

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For those with Bank of America, a Member FDIC institution, accessing financial products like cashier’s checks becomes straightforward. These are especially useful for significant transactions requiring assured payment, such as buying property or vehicles.

Not all banks provide cashier’s checks to non-account holders, and Bank of America is among them. If you’re banking with this organization, understanding the nuances of the Bank of America cashier’s check fee is crucial as it can vary based on your account type.

Understanding the Costs of Bank of America Cashier’s Checks

Customers with Bank of America checking or savings accounts can get a cashier’s check for a $15 fee. Fortunately, those enrolled in the Preferred Rewards program get this fee waived, making it a strategic option for frequent users.

Comparatively, other banks like Wells Fargo charge around $10, while Capital One might vary, charging up to $20 for online requests.

Strategies to Waive Bank of America’s Cashier’s Check Fee

Enrollment in the Preferred Rewards program is the gateway to fee waivers. To join, ensure your combined daily balance exceeds $20,000 over three months, which integrates all of your deposit and investment accounts. Experiencing Preferred Rewards ensures a banking edge through various benefits, including fee reductions.

Procuring a Cashier’s Check from Bank of America

To secure a cashier’s check from Bank of America, account holders should visit a local branch and present:

• An ID
• Account details
• Check amount
• Payee’s name

The banking official will confirm fund availability across your checking, savings, or CD account before issuing the check.

Alternatives and Safety Tips for Cashier’s Checks

While cashier’s checks are highly reliable, be mindful of fraud potential. Verify authenticity through the issuing bank and remain cautious when accepting checks from unknown sources. Understanding the difference between check funds and cleared funds can prevent costly mistakes.

Frequently Asked Questions

• How long for a cashier’s check to clear at Bank of America? Typically, next-day availability pending deposit cutoff times.
• Can a cashier’s check be canceled? Yes, contact your bank. Conditions apply if lost or already cashed.

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The insights above have been curated by our editorial team, ensuring accuracy and depth.