Cashier’s checks do not have an expiration date.  A cashier’s check is valid and will remain an obligation of the bank that issued it until it is either paid or the state laws governing escheatment where the check was issued require the funds be turned over to the state.  Cashier’s checks are drawn on the issuing bank’s funds and not those of the remitter, the bank, rather than the purchaser is responsible for paying the amount identified on the check.  A cashier’s check is issued only after the bank issuing it has received or approved the funds to back the amount of the check and the bank becomes the responsible party for payment not the remitter.

While standard checks are good for a period of six months, after which a bank is not required to honor the check, a cashier’s check is not subject to the same rule.  With a cashier’s check, the bank has to honor the payment for the check unless the check has been reported stolen, lost, replaced, or the check funds have been turned over to the sate due to escheatment laws. 

The escheatment laws are state laws that direct financial institutions to turn over unclaimed or abandoned property to the state after a specific period of time has expired and the bank cannot locate the owner of the funds.  The time period varies by state but usually requires two or more years to pass by before the property or funds are considered abandoned and unclaimed.  The cashier’s check itself is not sent to the state, it is the funds the bank has held on behalf of the remitter to guarantee or fund the check.

Even after the funds used to pay for the cashier’s check have been turned over to the state after the escheatment period has been met, claims can be made to the state agency that acts as caretaker for the abandoned funds to recover the money.

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