Thread Options
#2261051 - 10/12/21 09:05 PM Cashier Check mis-issued
bamboozled Offline
Gold Star
Joined: Jan 2012
Posts: 275
If a teller issued a cashiers check to a customer and should not have.....can we place a stop payment on that cashiers check?
The teller did not wait until funds cleared the account to issue the cashiers check on. They were fraudulent funds. I don't think we have any rights to do so but thought I would ask.

Return to Top
Deposits and Payments
#2261052 - 10/12/21 09:10 PM Re: Cashier Check mis-issued bamboozled
BrianC Offline
Power Poster
Joined: Nov 2004
Posts: 6,077
You would be liable to a holder in due course for failure to pay a cashier's check under your state's Uniform Commercial Code 3-411. You cannot place a stop payment on a cashier's check as it represents an obligation of the bank.
Sola Gratia, Sola Fides, Sola Scriptura, Solus Christus, Soli Deo Gloria!

Return to Top
#2261061 - 10/13/21 02:00 PM Re: Cashier Check mis-issued bamboozled
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,408
Cape Cod
Assuming that the customer's account is now overdrawn, you can pursue the customer on the overdraft. And re-train the teller.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  John Burnett