No, a bank can not cancel a cashier’s check. However, if the check is not cashed and the payer requests it then it can be canceled.
If you are purchasing a cashier’s check, a question might come to your mind, Can a bank cancel a cashier’s check?
Well, we are about to find out. Because in this post, I will briefly explain Can a bank cancel a cashier’s check. Moreover, I will also answer all the related queries. So, stick here.
First, let’s find out, Can a bank cancel a cashier’s check without your permission?
Can A Bank Cancel A Cashier’s Check?
No, a bank can not cancel a cashier’s check until it’s valid.
Cashier’s checks are non-disputable, and payment-guaranteed checks. Banks guarantee the payment because the payer already pays the entire amount in advance. Only then a bank issue a cashier’s check. As a result, the money from a cashier’s account is drawn from the bank not from a personal account. So, the payment is always guaranteed.
Moreover, even by law banks can not cancel a cashier’s check as long as the check is valid and the recipients present the check with proper documents. So, can a bank cancel a cashier’s check after you request it?
Can a Bank Cancel a Cashier’s Check After You Request It?
Yes, a bank might cancel a cashier’s check if the payer requests it. However, there is a catch.
A cashier’s check can only be canceled when it’s lost or destroyed. But even if the payer requests to cancel the check, the check can be cashed by the recipient with proper documents. Because there is a 90-day waiting period for getting the check refunded. Only if the check is not cashed by the recipient within the 90-day period and the payer requests it then a bank can cancel the check.
Also, Check how to cancel a cashier’s check
Can A Bank Refuse To Cash A Cashier’s Check?
A bank can not refuse to cash a cashier’s check until the check is valid.
One of the reasons that cashier’s checks are so secure is that they are bank-guaranteed and by law a bank must pay the check amount when it is presented by the check recipient. So, banks can never refuse to pay a cashier’s check. At max, a bank can hold the check fund for one or two business days for proper verification.
However, there can be a few situations when a bank might refuse to pay a cashier’s check funds. They are
- If a cashier’s check is presented by anyone other than the recipient then the bank will refuse to pay.
- When the check recipient fails to provide proper identification then the bank will refuse to pay the check amount.
- In case the cashier’s check is expired then the bank might refuse to pay.
- If the check has a lifetime expiry date but the issuing bank goes out of business then you might not get the money.
Only in the above situations, a bank might refuse to cash a cashier’s check. Apart from these situations, a recipient will always be able to cash a cashier’s check from the issuing bank.
By now we have found the answer to Can a bank cancel a cashier’s check? Now let’s look at some of the related queries.
Here are some of the frequently asked questions related to this topic.
Can a Cashier’s Check Bounce After it Clears?
No, a cashier’s check can not bounce after it gets cleared. However, your bank might hold the funds for one or two business days. Because the bank will verify and as cashier’s checks have larger funds, banks might take some time to pay the whole amount.
Can a Cleared Cashier’s Check Be Reversed?
No, a cleared cashier’s check can not be reversed. Even a non-cleared cashier’s check can not be reversed. Because these checks are non-disputable, payment is guaranteed. So, the proper recipient will always be able to cash the check no matter what the situation is.
Can You Cancel Certified Check?
No, you can not cancel a certified check no matter what the situation is. Once a certified check is handed over to the recipient there is no way to cancel the check. Because with certified checks the fund is frozen until the recipient presents the check. So, not even the payer can cancel the check.
A bank can never cancel a cashier’s check on its own. However, they might freeze the check fund if law enforcement requests. Apart from that, no bank will cancel a cashier’s check. So, you can get a cashier’s check without worrying.