What Is the Bank of America Cashier’s Check Fee?

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With a Bank of America, Member FDIC, checking or savings account, you have access to financial products, including cashier’s checks. You might need a cashier’s check for a large transaction for which a guaranteed form of payment is requested, like buying a house or a car.

Although some banking institutions will issue cashier’s checks if you don’t bank with them, Bank of America issues them only to account holders. Depending on the type of account you have with Bank of America, you might also have to pay a cashier’s check fee. 

Keep reading to learn more about the nitty-gritty, need-to-know details before getting a Bank of America cashier’s check of your own.

What Is the Bank of America Cashier’s Check Fee?

Bank of America offers cashier’s checks to all customers with a checking or savings account for a $15 fee. If you’re enrolled in Bank of America’s Preferred Rewards program. However, this fee will be waived when you get cashier’s checks.

Bank of America is not the only bank that charges a cashier’s check fee. Wells Fargo and PNC Bank typically charge $10, though they both offer cashier’s checks for free on certain accounts. Capital One charges $20 for online cashier’s check requests or $10 in-branch.

How To Get the Bank of America Cashier’s Check Fee Waived

The only way to get the $15 cashier’s check fee waived is by being enrolled in the Bank of America Preferred Rewards program.

To qualify for Preferred Rewards, you must have a three-month combined average daily balance of at least $20,000 in your Bank of America deposit accounts and Merrill investment accounts. Opening an account and enrolling in this program offers benefits like fee waivers and enhances your banking experience with additional rewards and services.

How To Get a Bank of America Cashier’s Check

To get a cashier’s check from Bank of America, you need to visit your nearest branch and provide the teller with the following:

• Your ID
• Your bank account information
• The exact amount of the check
• The name of the payee

The teller will review your account to verify you have enough funds to cover the check. This includes reviewing funds in your checking account, savings account or even a CD account if you’ve aligned the maturity of your CDs with your need for significant funds.

After verification, the teller will print, sign the check and hand it over to you once the check fee is paid.

Alternatives to Cashier’s Checks

If you’re looking for other ways to send money, you can also use:

• Money orders
• Certified checks
• Wire transfers
• Peer 2 peer payment apps like Venmo, Paypal and Cash App
• Bank transfer programs like Zelle

How To Avoid Cashier’s Check Fraud

Because cashier’s checks are generally trusted, they are frequently used in scams. You can usually withdraw funds from a deposited cashier’s check quickly. If it’s fraudulent, you’ll be responsible for paying the money back to the bank.

Be careful about accepting a cashier’s check from a stranger, even one issued by Bank of America or another trusted bank. To cut down on the likelihood of getting a bad cashier’s check, follow these steps: 

• Call or visit the bank the check is from to verify it’s genuine.
• Know the difference between funds being available for withdrawal and the cashier’s check clearing. Some banks are required by law to make funds available to customers even if the check hasn’t cleared.

The article above was refined via automated technology and then fine-tuned and verified for accuracy by a member of our editorial team.

Chris Ozarowski contributed to the reporting for this article.

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