14 ms·

If I made a $50k cashiers check and it goes months without being cashed I want a notification from my bank.

• hugh-avherald 3y ago
  It's essentially cash. If you hand someone $50 you don't get a notification if it's not deposited.
  • newZWhoDis 3y ago
    It’s not though, it is a bank essentially holding my funds in escrow for payment to a specified party. If that payment is not executed I want to know.
    • lightbritefight 3y ago
      Cashiers checks are not traditional checks that only withdraw funds on deposit. A casihiers check debits the money from you account on issue. As soon as the bank gives you the check, the money is out of your account. A cashiers check cannot bounce for this reason. Its why it or a wore transfer are the required payment type for large purchases of this type.