If you’ve lost a cashier’s check, contact the bank that issued it right away. The OCC says the bank will require an indemnity bond for the amount of the check before it issues a new one, and a bank may make you wait 30-90 days even after you present the bond.
Key fact: A customer generally can’t stop payment on a cashier’s check, and the bank must honor it when it is presented. That is why the bank wants the bond: otherwise it could be liable for both checks.
Steps to Replace a Lost Cashier’s Check
Step 1: Report It Immediately
Call or visit the issuing bank as soon as you realize the check is lost:
- Give them the check number, amount and payee (from your receipt)
- Ask what documents the bank requires, since each bank sets its own process and fees
- Ask whether the bank can flag the check number, but don’t count on a stop payment
Keep your receipt: the check number and amount are how the bank finds the original. If you don’t have it, ask the bank to look up the issuance record.
Step 2: Get an Indemnity Bond
An indemnity bond is a type of insurance policy. It ensures that you, not the bank, are liable for any losses if the lost check is found and presented for payment. Bonds are available from several insurance companies but are often difficult to obtain, so the OCC suggests asking your insurance broker for help.
Step 3: Wait for the Replacement
Even after you present the bond, a bank may require you to wait 30-90 days before it issues the replacement. Ask your bank for its timeline up front.
If the check was one someone else gave you, you can ask that person to buy you another check. If they refuse, you could approach the bank with an indemnity bond.
What If the Check Was Stolen (Not Just Lost)?
If you believe the check was stolen, tell the bank when you report it, and consider filing a police report, since the bank may ask for one. Ask the bank how it handles stolen checks, as its process may differ from a simple loss.
Fees to Expect
Replacement fees and bond costs are set by the bank and the insurer, so there is no standard figure. Ask for both before you start.
Lost Money Order vs. Lost Cashier’s Check
Lost a money order instead? The process is different. See what to do if you lose a money order.
Related Guides
- What Is a Cashier’s Check and How Do You Get One?
- Money Order vs. Cashier’s Check — When to Use Each
- What to Do If You Lose a Money Order
- How to Cancel a Check — Stop Payment Process
- Certified Check — What It Is and How to Get One
- Checks & Money Orders Hub
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