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What Is the PNC Cashier’s Check Fee?

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PNC’s cashier’s check fee is $10 per check, but there’s more to know about cashier’s checks than just the fee. Understanding exactly what a cashier’s check is, how to get one and when to use it is just as important.

This guide will dive deeper into these topics and show how PNC cashier’s check fees compare to other banks.

What Is a Cashier’s Check?

A cashier’s check as a secure payment backed by a bank. It’s purchased at a financial institution like PNC, where a bank teller makes the check out to a third party. The check is drawn against the bank’s own funds, so it’s unlikely to bounce.

Banking customers typically use cashier’s checks for large or important fees requiring guaranteed payment, such as apartment lease deposits.

How To Get a PNC Cashier’s Check

To get a PNC cashier’s check, you’ll need a checking or savings account from which to pull funds. If necessary, you can open a new account with sufficient funds to cover the check. In either case, you must have the full amount available in your bank account.

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How To Get a Cashier’s Check explains what else you’ll need to get your check:

  1. Personal ID like a driver’s license or a passport
  2. Account number or ATM card
  3. The check recipient’s information, including their bank account and routing numbers
  4. $10 for PNC’s cashier’s check fee.

How PNC Cashier’s Check Fees Compare With Other Banks’ Fees

It’s smart to compare PNC cashier’s check fees with fees from other financial institutions to see if there’s a better deal for you. That said, GOBankingRates has listed cashier’s check fees among banking fees you should never pay. The table below shows the comparison and how to get the fee waived. Although PNC’s $10 cashier’s check fee is one of the highest, PNC offers four different accounts that waive it.

Financial Institutions’ Cashier’s Check Fees and Options to Waive Them
Financial Institution Cashier’s Check Fee Options To Waive Fee
PNC $10 No fee for Performance and Select checking, Virtual Wallet Performance and Performance Select accounts
Bank of America $15 No fee Preferred Rewards customers
Chase Bank $8 No fee for Premier Plus and Sapphire checking accounts.
Wells Fargo $10
No fee for Preferred checking account
Capital One $10 Can’t escape it
Ally Bank $0 N/A
U.S. Bank $10 No fee for military
Navy Federal Credit Union Two free cashier’s checks per day, then $5 each Avoid going over two cashier’s checks per day
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How To Avoid Cashier’s Check Scams and Fraud

Complaints of check fraud — including cashier’s check fraud — more than doubled between 2014 and 2017, jumping from 12,781 to 29,513, according to a report by the Better Business Bureau.

Here are common examples of fraudulent check scams to watch out for:

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Although a bank usually makes part of the funds from a cashier’s check available right away, it takes time for the bank to verify the funds and clear the check. Scammers take advantage of this lag, so by the time the bank finds out the check is a fraud, the victim is out of the overpayment or any amount they’ve drawn against the bad check. GOBankingRates’ Complete Guide To Cashier’s Checks advises that you never pay for a prize, accept a payment for more than the purchase price or wire money to strangers. In the event that you do need to be paid by cashier’s check, ask that it be issued by a local bank.

Other Ways To Make Payments

You can use other methods of payment as alternatives to a cashier’s check. Some methods have similar benefits, but they differ from cashier’s checks in important ways.

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Summing Up the PNC Bank Cashier’s Checks Fee

PNC’s $10 cashier’s check fee seems pretty steep at first glance, but you can avoid it by upgrading your account to one offering free cashier’s checks. Either way, cashier’s checks have clear advantages over other forms of payment, as long as you’re careful to avoid being scammed. They’re more secure than personal checks, and there’s no ceiling on the amount you can get one for like there is with money orders. And because they’re drawn against the bank’s account, they’re a preferred payment method for important expenses and purchases over $5,000.

 

Rates and fees are subject to change. This content is not provided by PNC Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved, or otherwise endorsed by PNC Bank.

Information is accurate as of Nov. 16, 2021.