If you purchase a cashier’s check and lose it, or it’s stolen, you can ask the bank to reissue the check. The caveat is that the bank may ask for an indemnity bond first. This bond isn’t easy to obtain and makes you liable if the lost check is found and presented for payment. It’s also not an instant process. Depending on the bank, you may have to wait 30 to 90 days to receive a replacement cashier’s check.