Can someone explain to me the advantage of a Cashiers Check over other forms of payment ?
A Cashier's Check, unlike a money order, even a bank money order, is drawn directly against the bank itself. As such, no stop payment order can ever be placed on it if it is lost. It is the near perfect equivalent to cash, except it can only be used by the person it is endorsed to. The acts and deeds of a Cashier of a bank cannot be repudiated, even where it is clear to all parties that fraud is involved.
Money orders can be cancelled, ordinary checks can too. Other than cash, only Cashier's checks are always considered "good funds," although a lost Cashier's check is at best difficult to replace since it is good forever to whomever finds it.
A cashiers check is like cash but in a check, drawn from a bank with real funds off their accounts which has already bean accounted for.
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