Money

Can a Bank Cancel A Cashier’s Check

We're putting together an editorial staff that reflects our broad audience and their various financial circumstances. We value and encourage the experiences and perspectives that help us connect with our readers, answer their questions, and win their trust. Please read our disclosure for more information.
Updated on August 18, 2022 by
Can a Bank Cancel A Cashier’s Check

CommonCentsMom.com is advertiser-supported: we may earn compensation from the products and offers mentioned in this article. However, any expressed opinions are our own and aren't influenced by compensation. The contents of the CommonCentsMom.com website, such as text, graphics, images, and other material contained on this site (“Content”) are for informational purposes only. The Content is not intended to be a substitute for professional financial or legal advice. Always seek the advice of your Financial Advisor, CPA and Lawyer with any questions you may have regarding your situation. Never disregard professional advice or delay in seeking it because of something you have read on this website!

Most people do not think twice about using a cashier’s check to pay for something, until they find out that the cashier’s check has been voided by the bank.

Cashier’s checks are used by businesses to pay for purchases in the same way that a personal check is used. These checks are also treated the same as personal checks and will be paid when presented to the bank.

This article will explain what a cashier’s check is, how it is used, and how it can be voided.

What is a Cashier’s Check?

A cashier’s check is an instrument that looks like a personal check. Cashier checks are safe and secure and are often used to make payments to individuals or businesses. These checks are purchased with money that comes from a checking account that someone has opened for himself or his business.

The money is deposited into a bank account of the business or individual who has opened the account and then the bank issues a check in his or her name. Paying by cashier’s check is safer than paying money into a personal checking account.

Why a Bank Would Cancel a Cashier’s Check

The most common reason for a bank to cancel a cashier’s check is if the person presenting the check does not have enough money in his or her account to cover the amount of the check. However, some other common reasons include:

The check is lost or stolen

When a bank voided a cashier’s check, it was usually because it was lost, stolen, or altered. If someone tries to use the cashier’s check to pay for something and is told that it has been voided by the bank, then he or she will need to contact the person who wrote the check and get another one made.

If your check was stolen, you’d need to write up a declaration of loss. That way, the bank will know not to accept the check if someone else turns up with it, such as whoever stole it from you.

The check is fraudulent

There’s also the possibility that the check is fraudulent. This is when someone uses a check to make a payment that he or she does not have the authority to make. If this happens, the bank will not accept the check and will void it. Unfortunately, if you’re the receiver of the check, there’s little you can do but to try and get the check writer to re-write up a new one.

A stop payment was made

This is when a bank sends a stop payment order to the person who wrote the check. When this happens, the person writing the check cannot pay for anything using that check. A check writer may want to do this if he or she has realized that they made a human error while writing up the check, such as inputting the wrong amount of money to be cashed out. You’d need to ask for more details on the check writer.

(Visited 291 times, 1 visits today)

🏔 Read Next 🏔

Best Side Hustles of 2023

The 27 highest paying side hustles you can start today.

View article ➞

The Common Cents Mom Newsletter

Join thousands of curious consumers getting the inside scoop.