If you`re considering cancelling a cashier`s check, you`re probably in the middle of a large transaction and there could be a lot of money at stake. You need to make sure you know the details of how your specific bank handles these situations. You may also need to meet with a local lawyer to assess your risks and discuss your rights. Why do you have to wait 30 days before a loan can be issued? The cheque was lost the same day it was issued. If the bank can stop the payment, you have to wait 30 days before getting a loan, then the bank can make you wait another 30-90 days before issuing a replacement. That`s up to four months before you get your money. If it is a personal check, you can stop the payment almost immediately before your cashing and not suffer any major delay. What is this protection? Now that you are responsible for any losses the bank may have suffered, if someone finds the check, you will have to pay the full amount of the cashier`s check again. Hello, I have a situation where I bought a cashier check at a casino.
I deposited the check with an ATM into the bank account of my fiancé account. Since I am not on my fiancée`s account, the bank would not accept the cashier`s check. When my fiancée checked that the cashiers were reviewed, there were no acomphes for the amount. The distributor has a deposit receipt, but I moved it. During the visit to the bank subsidiary, the bank employee said there was no evidence of a transaction. This took place on November 21. I checked every week if the cashier`s check was returned to the casino. Nothing has been returned on the status of this memo.
Banks normally have strict rules for accepting cashier checks given by the original recipient to another person. In order for the bank to accept a signed cheque, the bank usually needs to know the new cheque holder and have a background on why they would give them a cheque. For example, a common situation where a cashier`s check is given to someone other than the original beneficiary is during a forced sale for real estate. In this scenario, the common protocol is for auction providers to have cash register checks made for the amount they wish to offer. . . .