WHY CAN'T I BRING A PERSONAL CHECK TO CLOSING? BUYERS FAQ
The day of settlement or closing on a house is the day when all the funds needed for the purchase must be received and accounted for.
The Buyer is responsible for bringing their funds (such as closing costs and down payment minus earnest money) and the bank is responsible for wiring the balance of the loan.
All monies must be in 'liquid' form. A cashier's check or certified bank check or wire are what a Buyer must bring to the closing table.
So why can't I bring a personal check?
A personal check is not 'liquid' and it is not guaranteed. Just because someone writes a personal check doesn't mean the funds are in the account. On closing day, all the money must be guaranteed and accessible.
For every rule, there is an **exception: sometimes there is an extra amount that was overlooked and the Buyer will have to write a personal check. As long as it's around $500 or less, the attorney or title company will accept it.
So the next time you are buying a house, remember, no personal **checks!