Quote:
|
Originally Posted by Chris C Atlanta
Bruce - in a rental transaction, I just had a tenant stop payment on a Suntrust certified bank check 2 DAYS AFTER it was supposed to have cleared. With all the fraudulent checks these days, those things are treated like a normal check and are only as good.
|
There is a difference between a Cashier's check and a certified check. In the case of the Cashier's check, the bank withdraws funds from your account and is obligated to honor that check with ITS FUNDS. If you don't actually use the check, you can redeposit it in your account.
In a certified check, all the bank is doing is certifying that you have the funds in your account at the time of certification. There is NO GUARANTEE to the payee that you will have the funds there when the check is presented back to the bank.
In CA, if you have a REAL cashier's check in your hands, I know of no way the bank can wiggle from honoring it.