I am buying a car out of state (ebay auction) my son went a long distance to view the car but the seller was'nt present so car could not be testdriven.Can i have a cashiers check made to seller and when my son gets to test drive the car and finds it's not as described and cancels the sale,can i have the cashiers check put back into my account, even though i had it made out to the car seller? Thank You

This depends on your bank's policies regarding cashier checks. My bank allows that, but it is an istitutional question. I would certainly check on that before I purchased the check.

I would tread very lightly with this one. Legally a cashier's check cannot be stopped. They are guaranteed funds. If a bank is stopping them at the customer's request, they are violating UCC laws. At my previous employer they did that once, and we had to pay the original cashier's check because the person who accepted it was a holder in due course. They can be replaced if lost, but not technically stopped.

Compliance Autumn, if I read Anon's post correctly, they will still be in possession of the cashier's check, and want to know how to handle it if they don't purchase the car.

Anon, definately check with your bank. You may be able to endorse it "Not used for purpose intended", and deposit into your account or receive cash for it.

Do Not endorse the check and attempt to deposit it in your account. Take the check and your customer reciept copy that was given to you when the check was purchased, to the bank.

Tell them it is not going to be used and you want to cancell it.

The bank will take both the check and your customer copy stamp the check "Not used for purpose intended" and tear off the authorized signature on the original check.

There is an internal bookeeping process that will take place, which means they will pull their copy attach, the Original Check and your copy to their copy, and off set their General Ledge Account with a credit to our account.

THIS IS NOT A VIOLATION OF UCC. A bank may cancell a Cashiers Check, Money Order, or what ever item they issue in this manner.

A bank issued item can be cancelled but not stopped and there seems to be some confusion on this.

I apologize. I read the question too quickly - one of my faults.