Should we require a surety bond from the customer when they state that a cashier's check has been lost, stolen or destroyed?
We have several companies who print "Refund Anticipation" checks that have the words "Cashiers Check" at the top. Is there some way that we can put a hold on the check without being criticized by our regulators for placing an improper hold?
Can a stop pay be placed on a cashiers check?
We had a situation where a teller cashed a check for a non customer that had a stop payment issued by our customer. Teller issued non customer a cashiers check. Can the bank place a stop payment on that cashiers check because there was a stop payment on the check that purchased the cashiers check?
We paid an ARC entry that was created from our cashier’s check. We’re concerned the original check might also be presented. Can we stop payment on the check?
If a non-customer brings in an "on-us" check and wants to replace that check with cashier's check, who should the remitter be?
If a customer brings in a check that is made payable to them and they would like to purchase a cashier's check, is it necessary to have them deposit that check into their personal account first? Then we would do a withdrawal from that account to make the purchase. If it is necessary to deposit it first, and can you please explain to me why?
When can a hold be placed on a cashier's check?
In Illinois, is it legal to issue a stop payment on a Cashier Check issued the same day? Is there a time frame and/or an indemnity bond requirement?
We have a client that issued a check to someone in London. The bank in London sent the item for collection, asking us to wire the funds. We do not wire funds for collection so an official check was purchased and sent to what was believed to be their US headquarters. The London office says they did not get the funds and the check has not cleared us yet. Do we have to wait the 90 days to reissue the check since a foreign entity is involved?