How to Remedy a Lost Cashier's Check

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19 points·technologyvault··7 comments

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It's amazing to me that we still have paper processes like this. Similar is the situation when you want to rollover a 401k account. Many institutions insist on snail mailing you a check for the full amount, that you must the mail on to the next fund. Ridiculous.

> Many institutions insist on snail mailing you a check for the full amount, that you must the mail on to the next fund. Ridiculous.

You can also typically provide the destination fund as a mailing address and not have to manually forward it, but, yes, this is weirdly still paper mail.

The US Treasury also allows you to convert old paper savings bonds into electronic format by sending them in the mail. I expect that the theft rate for envelopes sent to the US treasury is exceptionally high.

Better send them around April 15 then.

The most stressful four days of my life were waiting for a $105k paper check to arrive with a 401(k) rollover.

Did they send the check through USPS or UPS/FedEx?

In that situation, who's liable if the check doesn't show up?

TLDR; call or enter the bank and say, "I lost the cashier's check." They'll tell you what to do and it involves snail paperwork and a few months (possibly) of waiting.

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