What happens if I don’t use a cashier’s check?

Most banks allow you to initiate a stop payment over the phone or online, but it’s a good idea to call your bank to find out what its policies are for cashier’s checks. Be aware that the bank may still require you to purchase an indemnity bond if you’re stopping payment on a cashier’s check.

Usually, a cashier’s check names a bank where the recipient can withdraw the cash. This is usually the issuer’s bank. When the check is cashed, it also serves as a receipt for the receipt of the money.


There are at least three parties involved in a check, namely the issuer (debtor), the bank as drawee and the payee (also beneficiary, remittee) as creditor.

The payment order may be for cash payment (cashier’s check) or for account credit (crossed check). The check is a deed, which leads to a deed process in case of disputes. In practice, credit institutions usually use individual bearer checks, which make the check a de facto bearer instrument that is transferable without an endorsement. A check is form-bound (check strictness), but not form-bound.

The main difference from a bill of exchange is that the drawer of a check may specify as the name of the person who is to pay (drawee bank) only a credit institution with which the drawer maintains a bank balance or a credit line. Therefore, a check – unlike a bill of exchange – is not used for credit transactions, but exclusively for payment transactions. In addition, the cashing of a check may be refused by the drawee bank in order, for example, to avoid an overdraft. To prevent this uncertainty, various forms of guaranteed checks have been introduced in practice.

What if I get a cashier’s check and don’t use it?

Unused Cashier’s Check
Inform the teller that you did not use the cashier’s check as planned and you would like to receive the funds back into your account. Allow the teller to mark the check “Not used for purposes intended” and credit your account.

Do cashiers checks expire if not cashed?

Some say cashier’s checks don’t expire, while others claim a cashier’s check is stale (out of date) after 60, 90, or 180 days. Cashier’s checks are backed by the issuing bank and, theoretically, should be valid for as long as the bank is in operation, but some banks will put expiration dates on the checks themselves.

What happens if a cashier’s check expires?

Do Cashier’s Checks Expire? There is no official expiration date for a cashier’s check (or official check), but if held too long it goes into a process called “escheating” which means it will be turned over to the state as unclaimed property.

Can cashiers checks be Cancelled?

You can cancel a cashier’s check that you purchased if you still have it in your possession. You’d need to take the check back to the bank and request a cancellation. If you send a cashier’s check to someone else, there’s typically nothing you can do to cancel the payment.

Are cashier’s checks reported to IRS?

A cashier’s check, bank draft, traveler’s check or money order with a face value of more than $10,000. required to report the transaction by filing FinCEN Form 104, Currency Transaction Report.

Can a cashier’s check be reissued?

A bank typically won’t reissue a cashier’s check within 90 days of issuance of the original check. A bank employee guaranteed acceptance of the original check when issued.

How long can a bank hold a cashier’s check?

Generally, if you make a deposit in person to a bank employee, then the bank must make the funds available by the next business day after the banking day on which the cashier’s check is deposited.