A cashier’s check – and here we include money orders --- are convenient items which offer the benefits of cash and checks alike.
Like cash, cashier’s check are guaranteed payments; when deposited, they clear immediately.
And like checks, they are for just one person or entity, the person to whom the cashier’s check is made payable.
Losing a cashier’s check or money order can be frightening situation.
While it is certainly stressful, fortunately, in a great many cases, there is a solution.
If you’ve lost a cashier’s check, you may have gone to the issuing bank in an attempt to have it replaced.
The banking representative may have told you that in order to replace the cashier’s check you may have to do the following:
An Oregon lost cashier’s check bond is a surety bond which, when purchased, will allow the banking institution to re-issue the lost cashier’s check.
At the same time, in purchasing the bond, you are guaranteeing the banking institution that the bank will not pay on the same bond twice.
As with all surety bonds, an Oregon lost cashier’s check bond will have three “sides” or “parties” to the transaction.
To note, any payments, including costs and fees, paid by a surety (were that to occur) must be reimbursed, in full, by the principal.
The cost of an Oregon lost cashier’s check bond may be as little as 2% of the amount of the lost cashier’s check.
For example, a replacement for a lost cashier’s check bond in the amount of $10,000, may be as little as
When lost cashier’s checks reach a certain amount, more information may be required from the applicant.
Buyers of an Oregon lost cashier’s check bond should note that this surety bond is active for 5 years from the date of purchase.
If you’ve lost a cashier’s check or money, we know that there’s a lot of stress involved.
AmeriPro Surety Bonds provides sure bonds of all types.
Let us help you get the surety bond you need so that you can have your cashier’s check replaced as quickly as possible.