Can I put a stop payment order on a cashier's check?

Generally, a customer cannot order a stop payment on a cashier's check, and the bank must honor a cashier's check when it is presented for payment. This is because a cashier's check is drawn directly on the bank that issues […]

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I purchased a cashier's check from the bank and then lost it. I want to purchase a replacement, but the bank says I first have to purchase an indemnity bond. What is this?

If you lose a cashier's check, the bank will require that you obtain an indemnity bond for the amount of the lost check before it will issue you a new one. An indemnity bond is a type of insurance policy. It ensures that […]

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The bank placed a hold on a cashier's check that later turned out to be fraudulent. Aren't cashier's checks supposed to be honored immediately?

Generally, if you make a deposit in person to a bank employee, then the bank must make the funds available by the next business day after the banking day on which the cashier's check is deposited. Some conditions, […]

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