I will be receiving a cashier's check, from a bank, a little over $12,000. It was a portion of money from the sale of my deceased parents home. I would like to know if I will be able to go to any bank in my town and get it cashed without a waiting period or opening account there? Basically, cash it all out right then and there.
EDITED ON 9/16/2015
Since reading some of the replies I must apologize for I forgot to mention this is in the USA. State of Vermont.
Some of the information given was appreciated. However, I have already cashed the cashiers check and will tell you how the process went in my case.
I went in to the bank that it was made out to, in my town. my family member had went to that same bank the day before therefore, they didn't have enough money at their location. The teller called another branch to find out if they had the funds available and they did. So I had the choice of waiting a couple hours for them to deliver the money to the one I was at or I could go directly to them. I chose to go directly to them as they were only 15 minutes away.
I went in, handed the teller my cashier check and ID, she filled out a form with all my information, which any amount $10,000 and over will informed to the government, and then proceeded to have another woman retrieve the money, she came back handed it to her and then she counted out the money in front of me, we thanked each other and that was it. So, there was no wait period, no new account made, etc. It was as I thought it would be-on the spot.
Yes, I am aware cashier checks can be fraudulent. However, the monies would show up to them as being there I assume because the monies came from a house sale and was put into their account from the other bank.
Although I was finished everything before I seen any replies, I still thank you all for replying with your thoughts.