What is the difference between a cashier's check as a form of payment and a bank check from bill pay sent on your behalf when the payment is due?
A cashier's check is backed by the bank and has special properties. Generally, a stop payment is not applied to a cashier's check, as one example, and it is made available faster than other checks when deposited into a checking account. Bill pay checks do not enjoy the same status.
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A cashier's check is backed by the bank and has special properties. Generally, a stop payment is not applied to a cashier's check, as one example, and it is made available faster than other checks when deposited into a checking account. Bill pay checks do not enjoy the same status.
