Answer:
There is no established expiration date for cashier's checks, teller's checks or certified checks. They remain an obligation of the issuing or certifying bank until paid. The funds behind them, however, are subject to state abandoned property laws, and the holders might need to make their claims against the state's abandoned funds custodian, rather than the bank.
In those states that have adopted section 3-312 of the Uniform Commercial Code (section 4-406 in New York), a cashier's, teller's, or certified check for which a claim has been made that it was lost, stolen or destroyed, will not be enforceable if ninety days has past since the issue or certification date and the liable bank has paid the claimant for the check.
First published on BankersOnline.com 5/24/10
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