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What is a cashier’s check, what is it for and how is it obtained?

The cashiers check It is one of the safest options that exist to carry large amounts of money from a bank or other entity of the financial system to another place without carrying cash and, therefore, hidden from the sight of thieves. Do you want to know more about this alternative? Check out the following note.

In the manner described, this type of check facilitates tasks such as paying debts, buying a home or car, or simply depositing the money in another financial institution. In addition, it has an option that, when activated in the issuance, allows only certain people to collect the money.

What is a cashier’s check?

a cashiers check It is a document that contains a payment order issued by a financial institution and is collected by the person indicated as the beneficiary, according to the definition provided by the Association of Banks of Peru (Asbanc).

Who can cash the cashier’s check?

The cashiers check it can be collected by the person listed as beneficiary. Only she can collect it if the non-negotiable option was chosen; On the other hand, if it is a negotiable check, it will be endorsable and may be cashed by third parties.

How do you get a cashier’s check?

To get a cashiers check You must approach the financial institution of your choice with your ID. There, you will have to indicate the name and surname of the person or business name of the company that will cash the manager’s check.

Cashier’s check cost

The cost of issuing the cashier’s check is between 10 and 15 soles, and varies according to the chosen financial institution.

What if a cashier’s check is stolen?

If your cashier’s check is lost or stolen, you should immediately request the check void and the issuance of a new one.

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