And they are going to just give you a cashiers check in return for a check that they have just proven is not valid?
no, of course not.... but if i go to the bank a check is drawn on, and say i want
it converted to a cashier's check with the SAME payee, they will see if there are
funds to cover it, and if they are they will issue a cashiers check for that amount,
less their check fee, which often amounts to $20 or so.
that way, the check i have in my hot little hand, by the time it gets processed
a week or so later, will still be good.
if the funds aren't there, they give me the check back, and i go off to have a
chat with the person who wrote me the check....
the reason i want a cashiers check is that the check i was given was most likely
made payable to my business name, and they won't cash a check and give you
cash on an bank instrument like that.
the bank is simply reissuing the check as a cashier's check. this means the
person who made the check has their account debited at that instant, and
there is no way that they can stop payment, or have NSF later on.
any bank will do it.... i have had to to it every now and again over the years.
farmers and merchants, however, rocks. i walked in there once with a check
for $36,000 and wanted it in cash, and they didn't even blink.... just counted
out the money.... after verifying the funds were available, of course.
and, the check was made payable to "cash". it was a bearer bond.... i will admit
they did call up the company who issued it to verify it first... checks made payable
to "cash" didn't even have to be endorsed, but since the patriot act, things have
changed a bit....