Money Orders

Money orders are helpful in situations where a merchant may not accept a personal check. A money order guarantees that the funds are available to the merchant, as they are received from KALSEE Credit Union and not the member’s checking account.

KALSEE Credit Union money orders cost $5.00, and can be issued in any amount up to $1,000.00. If you do not know who you’ll need the money order payable to, that’s not a problem! The payee is left blank to be filled in by the purchaser.

Cashier’s Checks

A cashier’s check is a check that is issued by KALSEE Credit Union in which funds are guaranteed by the bank since it comes from the financial institution. Cashier’s checks are usually necessary when our members need to make a large purchase (house, car, down payment), and the recipient requires a guarantee they will get paid. A cashier’s check provides good reassurance that the check will clear.

KALSEE Credit Union cashier’s checks cost $5.00, and can be issued in any amount.  Once issued, a cashier’s check must be cashed within 90 to 120 days of the date of issuance.  The payee is printed

What’s the difference between a cashier’s check and a money order?

Both cashier’s checks and money orders essentially do the same thing, but the difference is that a cashier’s check is written out by the credit union, whereas a money order is not. Both payment methods are drawn from funds that are guaranteed: a cashier’s check is guaranteed by the issuing credit union, and a money order has already been paid for by the person who purchased it.

A cashier’s check can only be acquired from a financial institution, but a money order can be purchased at a variety of locations, including the post office,  grocery store, and more. Money orders usually have dollar limits on them, but cashier’s checks can be written for much larger amounts.