<Tr> <Td> </Td> <Td> This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (December 2011) (Learn how and when to remove this template message) </Td> </Tr> <P> A cashier's check (or cashier's cheque) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier . Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount . They are commonly required for real estate and brokerage transactions . </P> <P> Cashier's checks deposited into a bank account are usually cleared the next day . The customer can request "next - day availability" when depositing a cashier's check in person . </P> <P> When cashier's checks took weeks to clear the banks they were often forged in fraud schemes . The recipient of the check would deposit it in their account and withdraw funds under next - day availability, assuming it was legitimate . The bank might not be informed the check was fraudulent until, perhaps, weeks after the customer had withdrawn funds made available by the fraudulent deposit, by which time the customer would be legally liable for the cash already withdrawn . </P>

How long does it take for cashier's check to clear