The order should specify the check number and the exact dollar amount. Banks usually charge a fee, which varies from bank to bank, for this service. Banks are not required, and may be extremely reluctant, to stop payment on certified or cashier's checks. The degree of risk to the bank is greater for checks presented by new customers because the risk of fraud is greater. Personal checks are riskier to banks than other types since they are more likely to bounce because of insufficient funds.
Banks try to guard against fraud by following verification and identification procedures.
They also establish policies to minimize losses from bounced checks. Banks are protected from some risks by a federal law that allows them to limit a customer's access to funds for a specified period after a check is deposited. The maximum time a bank may limit access to these finds varies with the type of check. Except in certain circumstances, funds from U.S. Treasury checks and some types of on-us checks must be made available for withdrawal by the following business day. Next-day availability may also apply to state and local government checks and certified and cashier's checks if specified deposit requirements are met.