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Lost Cashier's Check Bond | Lost Instrument Bond

May 7, 2018

A lost cashier check bond, or lost instrument bond is required by some banking institutions to replace a cashier's check which has been lost, stolen, or mutilated. You may be pleasantly surprised at the low cost for replacement of many of these financial instruments. Please call AmeriPro Surety Bonds today at 844-589-9732.

Lost Cashier's Check Bond | Lost Instrument Bond | 844-589-9732

Please note:  Our agency now offers a lost cashier's check surety bond up to $100,000 without a credit check inquiry.  A signed application/indemnity must be completed and a minimum premium will still apply.

You've lost your cashier's check, or it was stolen or destroyed...


In all likelihood, if you are looking to purchase a lost instrument bond, you've already contacted the banking institution that issued your now-missing cashier's check or money order. The banking entity told you that in order to have that cashier's check or money order replaced (re-issued), you will need to purchase a surety bond---aka a "lost instrument bond".

AmeriPro Surety Bonds understands the urgency of your situation and we will work with you to get your lost instrument surety bond issued as quickly as possible and at the best pricing available. 



How Much Will the Lost Cashier's Check Bond Cost?

Pricing for this surety bond will typically 2% of the amount of the lost cashier's check, or $125, whichever amount is greater; however, please note that this can vary.  Applicants should also be aware that good credit is not always required to be approved (but it sure helps!) and a credit check is standard procedure for this bond.  If approved, your premium pricing will be contingent upon your credit scoring.  Credit checks used by surety agencies --- (even those of our competitors) are "soft inquiries" which will not adversely impact your FICO score.

The premium for a lost cashier's check bond --- or instrument surety bond --- is a onetime only payment.  Upon receipt of the bond, you'll sign it as Principal and then file it with your banking institution.  Upon acceptance, they'll reissue you a new cashier's check, since they are now protected against any financial loss.



What is a lost instrument bond / lost cashier's check bond?



A lost instrument bond is a type of surety bond that a bank or financial institution will require a recipient of a cashier's check to purchase when the recipient has lost or misplaced a cashier's check or money order.

The purpose in requiring the lost instrument bond is twofold:

The first reason is to re-issue the cashier's check.

The second reason is to ensure that should the missing check somehow surface in the future, it will not be cashed.

Were the lost cashier check to resurface and be cashed, the bank would be at a financial loss, having paid on the same cashier's check twice.


Upon the Authority of the US Government


The most authoritative and succinct reasoning behind the requirement for a lost cashier's check bond comes from none other than the U.S. Department of the Treasury, Comptroller of the Currency Administrator of National Banks.



Other types of lost instrument bonds:



A lost instrument bond can also be purchased for physical stock certificates, certificates of deposit (CD's), bonds (here we mean corporate bonds), and money orders.


Obligations on a Lost Cashier Check Bond



Surety bonds have three parties or "sides".  Insurance, however, has two parties:  The insurance company and the purchaser of an insurance policy.

The principal is the purchaser of the lost cashier's check bond.  You, in all likelihood, are the principal.

The obligee is the institution requiring the principal to purchase the lost instrument surety bond.  The obligee wants a guarantee that they will not pay on the funds twice.

In this case, the obligee is the banking or financial institution.

The surety is the institution issuing the cashier's bond which has the capital to cover the amount of the cashier's check.


A word of caution...


Note that when you (the principal) purchases a lost instrument bond, you are not purchasing insurance for yourself.  You are, in a real sense, purchasing "insurance" which protects the bank (the obligee).

Should the surety company have to pay a claim on the lost instrument bond---you (the principal) will be legally obligated to reimburse the surety company for all costs and associated fees.


How much will a lost cashier check bond cost me?



Pricing on a lost cashier's check bond will be contingent on several factors:  The amount of the cashier's check.  As can reasonably be expected, a cashier's check for $50,000 will logically cost more than one for $5,000.

As a general rule, the pricing on a lost cashier's check bond is about 2% of the amount.


About AmeriPro Surety Bonds:

AmeriPro Surety Bonds provides lost instrument bonds in all 50 states.

Contact us today at 844-589-9732.  We are glad to help!

Though you are welcome to fill out our form below, because of the time-sensitive nature of this bond (if your cashier's check bond is found and cashed, the surety bond may no longer be an option; and you may be out of luck) we would strongly recommend that you call our agency. 

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