Steps to Stop a Cashier's Check Before It's Cashed: A Comprehensive Guide

If you've sent a cashier's check to a receiver and wish to stop it before it has been cashed, there are specific steps you need to follow. Here's a detailed guide on how to proceed.

Contact the Issuing Bank

The first step is to reach out to the bank that issued the cashier's check as soon as possible. You can typically find their customer service number on their website or on any documentation you received when you purchased the check.

Provide Necessary Information

Be prepared to provide the following details:

The check number The amount of the check The date it was issued The recipient's name Any other identifying information the bank may require

Request a Stop Payment

Ask the bank if they can place a stop payment on the cashier's check. Note that policies may vary by bank and some may have specific conditions or time frames for stopping a cashier's check.

Follow Up in Writing

Some banks may require you to submit a written request or affidavit for a stop payment. It's crucial to check with your bank for their specific process.

Understand Fees and Timeframes

Be aware that there may be fees associated with stopping a cashier's check and the process might take some time. It's important to act quickly as the longer you wait, the more complicated the process may become.

Consider Reissuing

If the check is successfully stopped, you may need to issue a new check to the recipient.

Monitor Your Accounts

Keep an eye on your bank account to ensure that the check has not been cashed and that any stop payment request has been processed.

Stopping payment is not typically a service provided for cashier's checks if you've simply changed your mind on a business deal or have a dispute. In such cases, you can sign an affidavit for the check to be considered lost, stolen, or destroyed. However, this is too late if the check has already been paid. The bank might require you to purchase a surety bond to indemnify them for any potential loss if they are sued by a third party who relied on the check as being as good as cash.

Remember: If you posted $100 in the mail, do you think you can just call the bank and have that $100 cancelled? Cashier's checks are essentially cash. Calling the bank and demanding the check be canceled isn't a typical request and may not be honored.