Originally Posted by Wobble
Wrong...but nice try. First a legimit cashiers check is like cash. A wire is safer because, at least as far as I know, can't be faked. The problem is it's just as easy to print up a fake cashiers check as a personal check but you're a lot less likely to question a cashiers check until it gets returned.
Now as to stop payment on a cashiers check:
A bank cannot refuse payment on its own cashier's check if it is presented for payment unless the bank has a claim against the person presenting the check. The reference here is UCC §3-411.
Either the remitter or payee of the cashier's check, under UCC §3-312, may complete and sign a written statement that the check is lost. The claim does not mature until the 90th day following the issue date of the orginal check. Before the 90th day, the bank must honor the original check if it is presented properly. After the 90th day, the bank may, if it has not previously paid the original check, pay the claimant the amount of the original check. Once the bank has honored the claim, it may refuse to pay the original if it ever shows up by stating that it had honored the claim under §3-312.
The bank cannot require the claimant to indemnify the bank if the bank elects to honor the claim after the 90th day. However, if the bank elects to risk double "jeopardy" by honoring the claim before the 90th day, it may require the claimant to indemnify the bank against having to honor the original item. But the indemnification must be void after the 90th day from the issue date.
A long way to go to say one does not place a stop payment on a cashier's check.