- Cashier's checks are available for purchase only through a bank or other financial institution. Money orders are available at both financial and non-financial institutions.
- Any person or business that would normally accept a personal check typically will accept a cashier's check. Some businesses are cautious about accepting money orders.
- Fees associated with cashier's checks vary by financial institution and can be expensive. Money orders are typically cheaper, with either a flat fee or a percentage of the total value.
- Money orders do not expire and can be cashed at any time. Cashier's checks typically hold an expiration date determined by the issuing institution.
- Cashier's checks are guaranteed by the issuing bank. Money orders can be canceled, so the funds may not always be guaranteed.
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