We have been reading a court case regarding cashier’s checks (MidAmerica Bank v Charter One Bank), which states you cannot issue a stop payment on a cashier’s check. We thought that we could place a stop payment after 90 days. Can you clarify?

As a general rule, a customer cannot place a stop payment order on a cashier’s check, because the customer is no longer the drawer on the check (the issuing bank is). The bank can only place the stop order in very limited circumstances, such as when it suspects fraud. Another exception applies to destroyed, lost or stolen cashier’s checks. However, there is a procedure that should be followed, including an affidavit that must be filled out and given to the bank, and different fact patterns can give rise to litigation, with sometimes different outcomes for the bank. It can get complicated, and it is safe to say that the general rule will prevail in almost all cases.