My bank draft has been lost or stolen. Can I place a stop payment or cancel it?
Your bank draft is a guaranteed cash equivalent, and once it is issued to you a stop payment cannot be placed on it and it cannot be cancelled - even if it is lost or stolen. When delivering your bank draft to the intended recipient, we strongly recommend that you personally deliver it, or that a trackable delivery method is employed, such as courier or registered mail.
There are procedures in place to replace a lost or stolen bank draft. Depending on the amount of the bank draft and lapsed time period, you may be asked to sign a bond of indemnity. This basically is a commitment to pay the amount of the original draft back if the original draft is presented for payment.