• Johanno@feddit.de
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    8 months ago

    Aren’t especially for large sums these very risky? I mean you could lose it or they won’t believe it’s real.

    • Reddit_Is_Trash@reddthat.com
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      8 months ago

      Cashiers checks aren’t risky. If the bank they deposit the check at doesn’t think it’s real, they could still deposit it with a check hold.

      After that you wait until either the check clears or it gets rejected, and that usually comes with a fee. So banks probably don’t mind the extra fee income