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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.
128x128glen

Showing 2 responses by zaikesman

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.
zaikesman
3,017 posts
 
Fatparrot, the "bank draft" with the names typed in by the bank that you are describing is a "cashier's check", as far as I know. All of this actually makes me wonder if money orders aren't really more secure. You can't claim you "lost" a money order and get a refund, or "stop" it, can you? I suppose they could always be stolen or forged, though. And then there's the flip side of this issue - what if you as a buyer are asked (understandably, given the above) to pay for something on A-Gon by a method basically equivalent to cash (does it exist?) before the seller will ship it, and then nothing shows up? The scams referred to above make me want to do all of my transactions in person - but then, I have never yet had a problem here on the 'Gon (or E-Bay). Are there any signs you can look for to protect yourself in advance?
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