When selling a car to a private party, what's a safer payment method, personal check or cashier's check?
A cashier's check is by far preferable to a personal check. If you can, meet with the purchaser at the bank issuing the cashier's check, so that you'll be able to verify for yourself that it's genuine. The purchaser can stop payment on a personal check, but not on a cashier's check.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
A cashier's check is by far preferable to a personal check. If you can, meet with the purchaser at the bank issuing the cashier's check, so that you'll be able to verify for yourself that it's genuine. The purchaser can stop payment on a personal check, but not on a cashier's check.
