I am going to be receiving money from another state. Would it be better to have it in the form of a treasurer's check or a cashier's check? Which would have a shorter waiting period?
A treasurer's check is simply another form of cashier's check. Often, a bank that has a financial officer with a title of "treasurer" instead of a "cashier" will issue an official check labeled a "treasurer's check."
The term "cashier's check" is a legally-defined term: a check drawn by a bank on itself. Such checks may be labeled by the issuing banks as "cashier's," "treasurer's," or "official" checks.
Some banks don't issue cashier's checks. They opt to issue a "teller's check," which is a check drawn by one bank that is payable at or through another bank.
Each of these checks, one that fits the cashier's check or the teller's check definition, is subject to special rules that require expedited access to funds deposited in that form. Banks may delay access to funds deposited by cashier's or teller's check under limited circumstances, but must tell you about the delay.
One more thing, to get expedited (next day) access to funds deposited by cashier's or teller's check, you may have to use a special deposit ticket or tell the teller that you're depositing a cashier's or teller's check. Always ask the bank about its policies before making such a deposit.
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A treasurer's check is simply another form of cashier's check. Often, a bank that has a financial officer with a title of "treasurer" instead of a "cashier" will issue an official check labeled a "treasurer's check."