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Cashier's Check

A cashier's check is a prepaid check issued by a bank and made payable to a specific party. To obtain a cashier's check, an account holder pays a fee to transfer money from their own account into their bank’s account. The bank is then responsible for paying the recipient of the money, and funds are often available for immediate withdrawal by the payee. In theory, funds transferred through a cashier’s check are guaranteed through the issuing bank; however, check fraud is common using cashier’s checks in transactions between individuals. In the context of online gaming, most companies require the physical cashier’s check to be mailed or delivered to their processor for deposit.

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