If I get a cashier's check from bank #1 and cash it at bank #2, can bank #1 stop payment on it?
Bank #1 could attempt to refuse payment, but Bank #2 would have the legal right to force Bank #1 to pay it and whatever it cost Bank #2 to collect it. If the check was originally issued in error, Bank #1 would have the right to pursue you legally for reimbursement.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Bank #1 could attempt to refuse payment, but Bank #2 would have the legal right to force Bank #1 to pay it and whatever it cost Bank #2 to collect it. If the check was originally issued in error, Bank #1 would have the right to pursue you legally for reimbursement.
