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#2261051 - 10/12/21 09:05 PM Cashier Check mis-issued
bamboozled Offline
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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.

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#2261052 - 10/12/21 09:10 PM Re: Cashier Check mis-issued bamboozled
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,014
Illinois
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.
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#2261061 - 10/13/21 02:00 PM Re: Cashier Check mis-issued bamboozled
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,336
Cape Cod
Assuming that the customer's account is now overdrawn, you can pursue the customer on the overdraft. And re-train the teller.
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