We’ll also show you how to weigh all of your alternative payment options so you can pick the best one for you and your payee.

In the meantime, the consumer may have irrevocably wired the funds to a scam artist or otherwise used the funds—only to find out later, when the fraud is detected—that the consumer owes the bank the full amount of the cashier’s check that had been deposited.Cashier's Checks are bank issued for those times when a personal check won't suffice.Funds are guaranteed, which provides peace of mind for the recipient.However, cashier’s checks lately have become an attractive vehicle for fraud when used for payments to consumers.Although, the amount of a cashier’s check quickly becomes "available" for withdrawal by the consumer after the consumer deposits the check, these funds do not belong to the consumer if the check proves to be fraudulent.When it comes time to make a large purchase, your payment options may be limited.Perhaps the seller isn’t willing to accept a personal check and cash isn’t a practical option.