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Day amp arrives Cashier check returned

Today an amp I shipped across the country arrived safely at it's destination. Oddly enogh while I was at the bank today I was informed that a rather large cashier's check did not clear.

I called the guy up and he answered the phone (good sign) He say's he does not understand what could have happened and will check in to it first thing in the mourning.

My bank say's he may have stopped payment on the cashiers check. They could not give me any other details. Just that I would be recieving the check back in the mail in a few day's

Does this kind of stuff ever turn out good? Or am I screwed?

I will follow up tomorrow.
glen
tnkujry
36 posts
 
Keep us posted, we are dying to find out the ending.

If the guy does screw you, let us know where he lives and we'll visit him for you.

Just kidding. (Sort of.)

BP
myraj
351 posts
 
If my business law memory serves me, the seller could not be the one to stop payment. That's the purpose of a cashier's check or a certified check....to get "good funds". But with a cashier's check, the BANK could put a stop on the payment, but it would usually be for some extraordinary situation. I'd call the issuing bank (or put the question to your bank and let them do it. Also let them explain this legality to you) and ask them why they took that action.
Good luck!
zaikesman
3,017 posts
 
I'm betting with Myraj. As far as I know, the drawer cannot stop a true cashier's check, short of actually returning the physical check with receipt into the account, and the funds cannot be diverted after the check is made. Please let us know if this proves to be wrong.
dekay's avatar
dekay
5,739 posts
 
Nope: My bank once placed stop payments on two cashier's (in error). They were supposed to be placing them on the two checks that I had misplaced (not the two replacements that they had just issued:-{. Cashier's checks are not a sure thing. By the time that I had them wiring the funds to the account that they had shorted @ their expense, I had two armed guards @ my side. LOL.
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