Do you need a secure way to make a large payment, one that offers more assurance than a personal check? If so, a certified check from Bank of America might be exactly what you're looking for! This comprehensive guide will walk you through everything you need to know about certified checks at Bank of America, from the cost to the step-by-step process of obtaining one.
How Much Does a Certified Check Cost at Bank of America?
Let's get right to the most pressing question: how much will this cost you? At Bank of America, a certified check generally costs $15 per check.
However, there's a key detail to keep in mind: Bank of America primarily issues cashier's checks, not certified checks, to its customers. While both serve a similar purpose of guaranteed funds, there's a subtle but important distinction that we'll explore later. For the purpose of this guide, when you go to Bank of America seeking a "certified check," they will likely provide you with a cashier's check. The fee for a cashier's check at Bank of America is also typically $15.
Important Note: Fees can change, and specific account types (like Preferred Rewards program customers) might have fees waived. It's always a good idea to confirm the current fee with a Bank of America representative before proceeding.
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| How Much Does A Certified Check Cost At Bank Of America |
Understanding the "Why": Why Choose a Certified/Cashier's Check?
Before we dive into the "how-to," let's quickly understand why you might need one of these special checks.
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- Guaranteed Funds: The primary reason for using a certified or cashier's check is the assurance that the funds are guaranteed. Unlike a personal check that could bounce due to insufficient funds, the bank verifies and sets aside the money when issuing a certified or cashier's check. This makes them ideal for significant transactions where the recipient needs certainty of payment.
- Large Transactions: Think about buying a car, a house down payment, or making a substantial payment to a contractor. In these scenarios, carrying large amounts of cash can be risky, and personal checks might not be accepted.
- Dealing with Unfamiliar Parties: When you're dealing with someone you don't know well, a certified or cashier's check provides peace of mind for both parties.
Step-by-Step Guide: Getting Your Certified (Cashier's) Check at Bank of America
Ready to get your check? Here's the step-by-step process you'll follow:
Step 1: Engage and Inquire!
Are you ready to secure your important payment? The very first thing you should do is to contact Bank of America directly or visit their website's fee schedule. While this guide provides the most up-to-date information available, policies and fees can sometimes change. A quick call to their customer service or a visit to your local branch can confirm the exact fee and any specific requirements.
What to Ask When You Inquire:
- "What is the current fee for a certified check or cashier's check?"
- "Do I need to be a Bank of America account holder to get one?" (Spoiler alert: Yes, for certified checks, and typically for cashier's checks without higher fees.)
- "What documentation do I need to bring with me?"
- "What are your operating hours for this service?"
Step 2: Gather Your Essentials
Once you've confirmed the details, it's time to prepare for your visit to a Bank of America financial center. You cannot obtain a certified or cashier's check online or through an ATM; it requires an in-person visit.
What You'll Need:
- Valid Government-Issued Photo ID: This is crucial for verification. Acceptable forms include a driver's license, state ID, or passport.
- Your Bank of America Account Information: You'll need the account from which the funds will be drawn. Make sure you have sufficient funds available in this account to cover both the check amount and the fee.
- Exact Payee Name: Know the full and correct legal name of the person or entity you are paying. Double-check the spelling!
- Exact Check Amount: Have the precise amount written down. This cannot be changed once the check is issued.
- The Fee: Be prepared to pay the $15 fee. This will be deducted from your account along with the check amount.
Step 3: Visit a Bank of America Financial Center
Head to your nearest Bank of America financial center during their business hours. It's often best to go during less busy times if possible to avoid long waits.
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What to Expect at the Branch:
- Inform the Teller: Clearly state that you need a "cashier's check" (or if you prefer, ask for a "certified check" and they will likely direct you to a cashier's check).
- Provide Information: The teller will ask for your ID, account details, the payee's name, and the exact amount of the check.
- Verification of Funds: The bank will verify that you have sufficient funds in your account to cover the check amount plus the fee.
- Fund Deduction: The amount of the check and the fee will be immediately deducted from your account. This is why the funds are guaranteed – they've already been set aside by the bank.
- Issuance of the Check: The teller will print the cashier's check, which will be drawn on Bank of America's own funds (for a cashier's check) or will be your personal check with a bank certification (for a certified check, which is less common for BoA to issue). It will include the payee's name, the amount, the date, and an authorized bank signature.
- Review and Verify: Before you leave the counter, carefully review all the details on the check. Ensure the payee name, amount, and date are all absolutely correct. Mistakes can be a hassle to fix later.
- Receive Your Receipt: You will be given a receipt for the transaction. Keep this receipt in a safe place as it serves as proof of purchase and is essential if there are any issues later.
Step 4: Deliver Your Check Securely
Once you have your certified (cashier's) check, handle it with the same care you would handle cash. It's a valuable document.
Tips for Secure Delivery:
- Hand Delivery: If possible, hand-deliver the check to the recipient.
- Tracked Mail: If mailing, use a secure, trackable service that requires a signature upon delivery (e.g., USPS Certified Mail, FedEx, UPS).
- Record Information: Before handing it over or mailing it, it's wise to make a photocopy or take a clear photo of the front and back of the check for your records. Note down the check number and the amount.
Certified Check vs. Cashier's Check at Bank of America: A Key Distinction
While often used interchangeably by customers, there's a technical difference:
- Certified Check: This is your personal check that the bank "certifies." The bank verifies that you have sufficient funds in your account to cover the check, and then it earmarks those funds. The check is still drawn on your account, but it carries the bank's guarantee. Bankrate states Bank of America charges $15 for a certified check. However, it's widely reported that Bank of America primarily offers cashier's checks when customers ask for a "certified check."
- Cashier's Check: This check is drawn directly on the bank's own funds, not your personal account. When you purchase a cashier's check, the funds are immediately withdrawn from your account and moved to the bank's account. Because it's drawn on the bank's funds, it is generally considered even more secure than a certified check. Bank of America typically charges $15 for a cashier's check. For Preferred Rewards program customers, this fee may be waived.
In essence, when you request a "certified check" at Bank of America, you are highly likely to receive a cashier's check. Both provide the guarantee of funds, which is the ultimate goal.
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10 Related FAQ Questions
Here are 10 frequently asked questions about certified/cashier's checks at Bank of America:
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How to get a certified check if I'm not a Bank of America customer?
Generally, Bank of America does not issue certified or cashier's checks to non-customers. You will typically need to have an existing account with them to obtain one. Your best bet is to go to a bank where you already have an account.
How to verify if a certified check from Bank of America is legitimate?
If you receive a certified or cashier's check, always call Bank of America directly using a publicly listed phone number (not one provided on the check itself, as it could be fraudulent). Provide them with the check number, amount, and payee details to confirm its legitimacy. Do this before depositing or acting on the funds.
How to cancel or stop payment on a Bank of America certified check?
Canceling or stopping payment on a certified or cashier's check is extremely difficult because the funds are guaranteed and have already been set aside. If you lose one or believe it's been compromised, you must immediately contact Bank of America. They will likely require you to fill out a "declaration of loss" and may require an indemnity bond. There could also be a waiting period (often 90 days) before a replacement is issued due to the guaranteed nature of the funds.
How to find a Bank of America financial center near me?
You can easily find the nearest Bank of America financial center by using the "Locations" or "ATM & Branch Locator" feature on the Bank of America website or through their mobile banking app.
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How to know if my Bank of America account has sufficient funds for a certified check?
Before heading to the branch, you can check your account balance through Bank of America's online banking, mobile app, or by calling their customer service line. Ensure the balance covers both the check amount and the $15 fee.
How to use a certified check for international payments?
While certified or cashier's checks can sometimes be used for international payments, it's generally not the most efficient or recommended method. International banks may have different acceptance policies, and currency exchange rates or additional fees could apply. For international transactions, wire transfers are often a more reliable and quicker option, although they may come with higher fees. Always confirm with the recipient's bank if they will accept a U.S.-issued certified or cashier's check.
How to distinguish between a certified check and a personal check?
A certified check will have specific markings from the bank, such as a stamp, signature, or perforation, indicating that the bank has verified the funds and account holder's signature. A personal check will only have your signature and standard check details.
How long does it take to get a certified check from Bank of America?
The process of getting a certified (cashier's) check at a Bank of America financial center is usually quite quick, often taking only 10-15 minutes once you reach the teller. You will receive the check immediately.
How to deposit a Bank of America certified check?
Certified or cashier's checks can be deposited into your bank account like any other check. Funds are typically available quickly because the check is guaranteed, often the next business day, though holds can sometimes occur for larger amounts or new accounts.
How to handle a lost or stolen Bank of America certified check?
If your certified (cashier's) check is lost or stolen, immediately contact Bank of America. You will need to report the loss, fill out a "declaration of loss" form, and potentially be required to obtain an indemnity bond. Due to the guaranteed nature of these checks, a replacement may not be issued for up to 90 days.
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