When you lose a cashier’s check, the bank may require you to obtain an indemnity bond before issuing a replacement. An indemnity bond acts as insurance, ensuring that you, not the bank, are responsible for any losses if the lost check is found and cashed. While you can purchase indemnity bonds from insurance companies, they can be challenging to obtain. It’s advisable to contact your insurance broker for assistance. Also, be prepared for a potential wait of 30–90 days after presenting the bond before receiving a replacement check from the bank. If the lost check was given to you by someone else, you can request them to purchase a new one for you. If they decline, you have the option to approach the bank with an indemnity bond.
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