What is Cashier’s Check or Banker’s Check? A Simple Explanation for Kids & Beginners


Introduction to Banker’s or Cashier’s Check for Kids and Teens

This video explains the concept of Cashier’s Check in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about banker’s check, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course or K-12 curriculum.

What is Cashier's Check or Banker's Check - A Simple Explanation for Kids Teens and Beginners
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Suitable for students from grade levels:

  • Kindergarten
  • Elementary School
  • Middle School
  • High School

The topics covered are:


Cashier's Check for Kids Teens and Beginners - or Banker's Check - A Simple Explanation of Bankers Check
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Howdy Wall St. Willy! Sometime ago I heard about a Cashier’s Check, but…

What is a cashier’s check anyway?

A Cashier’s Check is a check that’s written by a bank instead of you writing it from your own account and it’s also signed by a cashier or teller of the bank.

The bank also guarantees the payment of the cashier’s check.

Why do we even need a cashier’s check?

The seller may insist on a banker’s check or a cashier’s check especially for large purchases because the funds are guaranteed by the bank.

A cashier’s check also has extra security features like special paper and watermarks making it very difficult to counterfeit.

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Well, where can you get a banker’s check?

You can get a banker’s check at most banks and credit unions.

What do I even need to get a cashier’s check?

You need the name of the recipient or the person who is going to receive the money, the amount of money that you are going to give to them and your identification proof like a driver’s license.

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Well, how much does getting a banker’s check cost?

Cashiers Check or Bankers Check for Kids Teens and Beginners - or Bankers Check
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A banker’s check usually costs $5-$10. Some banks charge a percentage of the check amount. Some banks waive the fee if you meet certain conditions like a minimum balance.

How do you pay for a cashier’s check?

If you have an account with the bank or credit union, the bank takes the money from the account. Otherwise, you usually pay cash.

Is there a minimum or maximum amount for the banker’s check?

No. There is usually no limit on the amount. But since there could be a fee for a cashier’s check, you should only use it if the seller insists on it.

Thank you very much for telling me about a cashier’s check, Wall St. Willy.

You are welcome, Sooper Cooper. Remember, Finance is Your Friend!


Video Featured in the Below Financial Literacy Course for Kids & Teens


Download Transcript: Ideal for Use by Teachers in their Lesson Plan to Teach Kids & Teens


Podcast: What is Cashiers Check or Bankers Check?

Bankers Check - Cashiers Check
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