Unfortunately, "cashier's checks" have been becoming an increasing source of fraudulent checks. The crooks have figured out how to make some amazingly good looking cashier's checks, so now they've come under much more scrutiny than they had in the past.
FWIW, I've seen some fraudulent American Express cheques that I would've sworn were legitimate. You know how we (the bank I worked for) found out that they were fraudulent? Amex returned them to us informing us that they didn't issue cheques in that particular denomination (I can't remember what it was though).
That being said, I think 14 days for a check drawn on a bank within the same Fed district is a bit long.
|