[tturedraider]

So, just a point for clarity here. A genuine cashier’s check with a proper and genuine endorsement by the named payee CANNOT be refused and returned unpaid by the financial institution it is drawn on for any reason. Payment cannot be stopped on a properly endorsed, genuine cashier’s check. This is why if you lose a cashier’s check the only way the bank will replace it is if you pay for a surety bond covering the value of the original check.

Let’s say you mail a cashier’s check and its delivery gets delayed by the post office, so the recipient did not receive it in a timely manner and you have to send them a replacement cashier’s check. So, now a genuine cashier’s check is floating around out there. In order to get the replacement cashier’s check you have to buy the surety bond before the bank will issue the replacement check.

Now, nine months later the post office finally delivers the original cashier’s check to the intended recipient and this recipient now has the original genuine cashier’s check in their possession. That cashier’s check is still valid and when presented to the issuing financial institution for payment with a genuine and proper endorsement that institution MUST pay the check. So, the intended recipient decides to be unscrupulous and deposit/cash the original cashier’s check. They 100% can do that and the issuing institution CANNOT refuse payment. They MUST pay the cashier’s check.

A normal check you write from your checking account is good for six months from the date you write on it. After that it is considered “stale” and is no longer valid. Not so with a genuine cashier’s check. A genuine cashier’s check is valid in perpetuity. If it shows up ten years later and the original named payee properly endorses it and presents it for payment it must be paid.

So, as previously mentioned here, the failure here is on Kies’ bank (and Kies) in not verifying the cashier’s check was genuine by confirming the routing number was real and by contacting the issuing bank and confirming with them the check was genuine. It is just beyond my comprehension the bank did not do that in today’s day and age.

A little side note: if you find yourself in a similar situation where someone is going to pay you with a cashier’s check insist that it be from a nationwide bank that has branch locations in your area and then go to the issuing bank, not your bank, to verify the genuineness of the check.