06/26/2016
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?
05/15/2016
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?
11/03/2014
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?
05/19/2014
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?
05/19/2014
When can a hold be placed on a cashier's check?
12/16/2013
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?
06/24/2013
We had a customer purchase a cashier's check. We have now found out that the check was used to scam our customer. Can we place a stop payment on the cashier's check before the check is received? What reason would we give for the stop payment?
05/06/2013
Can a stop payment be made on an official check of the bank? Our bank changed from cashier's checks to official checks so that we could put a stop payment on them.
01/14/2013
When escheating outstanding cashier's checks, who do we report as the owner? The person buying the check, or the person to whom the check was made payable to? It would seem that the payee is the owner of the funds. However, we do not obtain personal information about the payee that is needed for MD report.
01/07/2013
A customer purchased a cashier's check made payable to a company that was recently shut down by the SEC. The check has not been cashed at this time. Can the bank use UCC 3-312 and have the customer sign an affidavit that the item is not enforceable to be paid and would this hold up in court?