Banking Checking Accounts Can You Cancel a Cashier's Check? What To Do If a Cashier's Check Is Lost, Stolen, or Not Used By Justin Pritchard Justin Pritchard Facebook Twitter Website Justin Pritchard, CFP, is a fee-only advisor and an expert on personal finance. He covers banking, loans, investing, mortgages, and more for The Balance. He has an MBA from the University of Colorado, and has worked for credit unions and large financial firms, in addition to writing about personal finance for more than two decades. learn about our editorial policies Updated on June 4, 2022 Reviewed by Michael J Boyle Reviewed by Michael J Boyle Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. learn about our financial review board Fact checked by David Rubin Fact checked by David Rubin Facebook Instagram Twitter David J. Rubin is a fact checker for The Balance with more than 30 years in editing and publishing. The majority of his experience lies within the legal and financial spaces. At legal publisher Matthew Bender & Co./LexisNexis, he was a manager of R&D, programmer analyst, and senior copy editor. learn about our editorial policies Share Tweet Pin Email In This Article View All In This Article Cashier's Check Basics How To Cancel a Cashier’s Check Replacement Cashier's Checks Unused Cashier’s Checks Frequently Asked Questions (FAQs) Photo: Jose Luis Pelaez Inc / Getty Image A cashier’s check is purchased by you, issued by the bank, and—assuming the check is legitimate—guaranteed not to bounce. But what if a cashier's check is lost or stolen? In certain circumstances, your financial institution can cancel or issue a stop payment on a cashier's check, though you'll likely have to fill out some paperwork. Cashier's Check Basics Cashier's checks are often used for significant transactions and large purchases (such as a down payment on a home) when both buyer and seller need assurance the check will clear. To get a cashier's check, you must have the full amount of the check already available in your account. When you visit the bank, the bank will issue the check using the funds from your account, sometimes charging a small fee. Unless there’s clearly fraud involved (such as a forged endorsement), the bank will honor the check and make the funds available to the payee quickly. However, that security is exactly what makes it hard to cancel cashier’s checks. If you could simply stop payment on those checks at any time, they wouldn't be as useful as guaranteed payments. Still, there are ways to protect yourself in the event of a lost or stolen check. Unfortunately, the process takes time, and your bank might not honor your request. Learn what steps to take if you need to cancel a cashier's check. How To Cancel a Cashier’s Check Report the Lost or Stolen Check Stopping payment on a cashier's check may be allowed if the check was stolen or fraud has been committed. You'll first need to let the bank know that something unusual is happening with the check so they can flag it for a closer look in case it comes in. Note If your check is lost or stolen (whether you’re making the payment or you received it as payment) you need to contact the issuing bank immediately. Provide a Declaration of Loss Next, you'll file a declaration of loss with the bank that issued, or printed, the check. If you received the check as payment, ideally you have a copy of it. If not, you may need to contact your customer to find out which bank issued the check so you can make the call. You need to provide a written statement made under penalty of perjury that you don’t have the check and you’re not going to find it. When you file a declaration of loss, you make a claim to the funds, but you won’t receive the funds until either 90 days after the check was issued, or 90 days after you file the declaration, whichever is later. During the 90-day period, the bank might still pay the check to whoever presents it. If the check was stolen, you can assume that the person who stole it needs to forge your signature for endorsement or do something else illegal, so the bank may notice (assuming you’ve alerted them to the fact that the check is missing). Other Situations If you simply changed your mind about making a payment—but you already sent the check—there’s nothing you can do to stop a valid payee from depositing or cashing the check and claiming the funds. If there’s been a mistake or dispute, you’ll need to recover the check (or the funds) from the payee another way. That may require legal action or negotiation without involving the bank. After the 90-day period ends, if the check is still outstanding, the bank will release the funds to whoever has a claim on the money: either the payee or the account owner, depending on the situation. If somebody else tries to deposit the check after that, the bank will return the check without honoring it. Replacement Cashier's Checks What if you need the money sooner? Cashier’s checks are typically used for large amounts, and the bank took those funds from your account (or took it in cash) when issuing the check. Unless you’ve got plenty of extra money, you may have a cash flow problem. You can always ask for a replacement check, but don’t get your hopes up. Again, the bank is on the hook to pay for the first 90 days after issuing the check. Banks face severe consequences if they refuse to pay on a cashier’s check—unless they have a really good reason not to. The bank might simply issue a replacement check if they’re willing to risk having two checks out there, but that’s the exception and not the rule. Your odds are best if the dollar amount is small and you can convince the bank that the original check will never surface. Sometimes banks reissue cashier’s checks if you sign an indemnity agreement: If the original check is presented and the bank has to pay twice, you’ll have to reimburse the bank. For this to work, the bank needs to believe that you’re good for the money, and that’s a challenge with large checks. You could possibly get a bond issued by an insurance company that covers your liability, but that’s difficult and expensive (and not a realistic option for most people). Unused Cashier’s Checks What if you still have the check, but you just don’t need it anymore, such as if you've decided not to go through with a purchase at the last minute? You don’t need to file a declaration of loss if you still have the check. Contact your bank and ask what the requirements are to return the funds to your account. Typically, you'll return to the bank with your check and write “Not used for the purpose intended” on it and give it to the teller. Your bank should return the funds to your account once they get the check back. However, some banks make it hard to cancel a check that you’re not going to use. If your bank refuses to return funds to you, you may need to wait longer or fight harder to get your cash. Ask to speak to management. Then, vote with your feet and open an account somewhere else. Note When you cancel a cashier's check, there's likely a lot of money at stake. Make sure you know the details of how your bank handles this situation. You may also need to meet with a local attorney to evaluate your risk and discuss your rights. Frequently Asked Questions (FAQs) What happens if a cashier's check is lost in the mail? The steps discussed here work for any situation in which the cashier's check was lost—whether it was lost in the mail or fell out of your pocket. If you haven't mailed the check yet, you can help prevent loss by paying for a tracking service that allows you to follow the check every step of the way until it reaches its destination. Who investigates cashier's check fraud? When you suspect check fraud, you can file a police report. Your bank may ask you to do this when you first contact them. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. HelpWithMyBank.gov. "Can I Put a Stop Payment Order on a Cashier's Check?" Washington State Department of Financial Institutions. "Cashier’s Check Scams." Capital One. "What's a Cashier's Check and How Do You Use It?" New York State Senate. "UCC Section 4—403. Customer's Right To Stop Payment; Burden of Proof of Loss." New York State Senate. "UCC Section 4-408. Rights and Liabilities of Remitter or Payee With Respect to Cashier's Check, Teller's Check and Certified Check." Cornell Law School Legal Information Institute. "§ 3-411. Refusal To Pay Cashier's Checks, Teller's Checks, and Certified Checks." HelpWithMyBank.gov. "I Purchased a Cashier's Check From the Bank and Then Lost It. I Want To Purchase a Replacement, But the Bank Says I First Have To Purchase an Indemnity Bond. What Is This?"