How long do cashiers checks last

Generally, if you make a deposit in person to a bank employee, then the bank must make the funds available by the next business day after the banking day on which the cashier's check is deposited. Remember that funds may become available to you before the bank has been able to verify the check.

You could end up withdrawing the funds before the bank knows that the check is fraudulent. If the check is fraudulent, the bank may charge it back against your account in other words, deduct the funds from your account or obtain a refund from you. The bank might also charge you an overdraft fee if your account becomes overdrawn as a result of the chargeback or refund.

Because of the volume of requests, she cannot help everyone who contacts her. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. All rights reserved About Us. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local.

Community Rules apply to all content you upload or otherwise submit to this site. Ad Choices. Don't settle for anything less than responsible journalism. Subscribe today. For our full Privacy Policy, click here. Advertiser Disclosure. By Jared Nigro January 24, Top Offers from our Best Banks of Check out the best accounts to help you save money and reach your financial goals!

View Offers. About the Author Jared Nigro. Jared Nigro is a writer based in Los Angeles. His experience includes covering a range of personal finance topics for GOBankingRates, specializing in offering actionable advice for banking customers. Check Out Our Free Newsletters! Subscribe Now. In Case You Missed It. By Kathy Evans. Check kiting is a form of check fraud that can result in costly consequences.

Learn about signs of potential check kiting and how to avoid becoming a victim. Read More. What Is Direct Deposit?

By Gail Kellner. Direct deposit is a payment option where your funds are electronically transferred to your checking or savings account, eliminating a need for physical checks. By Kelli Francis. When considering places to buy a money order, compare their fees so you can get the best deal. Use this guide to help you choose the best option near you. By Cynthia Measom.