Tip #4: Free Personal Checks and Official Cashier’s Checks
Even in our digital era, paper checks remain an indispensable tool for older adults. They offer a reliable way to pay home contractors, settle property taxes, and send gifts to grandchildren.
Yet ordering a single box of basic personal checks often costs between $15 and $35. Furthermore, cashier’s checks and official money orders routinely cost between $5 and $15 per document.
These routine transaction fees can quickly accumulate if you handle real estate closings, estate distributions, or vehicle purchases. Fortunately, select senior bank accounts provide these payment instruments at no cost.
Accounts such as TD 60 Plus Checking provide complimentary standard personal checks directly to qualifying depositors. They also waive fees on official bank drafts and cashier’s checks.
Online institutions have embraced this generous approach as well. Axos Bank Golden Checking, designed for clients aged 55 and older, offers free personal checks alongside official fee waivers.
Using official cashier’s checks provides superior payment verification for major household transactions. Having these drafts provided free of charge saves you considerable money on administrative overhead.
Review your checkbook supply before ordering your next box through third-party printers. Switching your checking account tier allows you to receive high-quality checkbooks without spending a dime.
Ask your banker whether your existing account tier includes complimentary check supplies. You might already qualify for free boxes without realizing that the privilege exists.
