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Home >> Checks/Money Orders
He Said; She Said; No One Takes Responsibility
I have a four and a half year old cashier's check from Washington Mutual. I brought it to my credit union, who immediately made the funds available to me in my checking account. The credit union then asked Chase to pay the money, since Chase bought Wa Mu. The funds from my account were used to pay off a credit card. Six days after depositing the cashier's check, Chase refused to pay on the grounds that they claimed the check was no longer valid. Soon after, Chase changed their story and said that California's Controllers' office had the funds; Chase did not. Checking with the Controllers' office, I found no funds under my name with that office, so now I am out the cashier's check funds and owe a lot of money, because no one wants to take reponsibility for the cashier's check. What can I do?
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 In many cases, when a quantity of cashier's checks is transferred to a state as abandoned property, the bank sends a single lump sum and a listing. If Chase has record that the funds from the check were transferred to the California Abandoned Property offices, ask the bank for a date and whether your name was included in a list accompanying the transfer.
Published on BankingQuestions.com 9/29/10
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