What should you do first if a check written to you is lost before you can cash it?

The most appropriate first action if a check written to you is lost before you can cash it is to contact the person who wrote the check. This step is crucial for several reasons. First, reaching out to the issuer allows you to confirm whether they are aware that the check has been lost and if they have any specific instructions. The person who wrote the check may be able to issue a new check if the original cannot be located, saving you time and potential complications later on.

Additionally, contacting the check writer can initiate a discussion about possibly placing a stop payment on the original check, which protects against unauthorized use if it were to be cashed by someone else. This proactive communication helps ensure that both parties are aligned on how to resolve the situation effectively without unnecessary delays.

While placing a stop payment at the bank is an important step, it is typically best to have confirmation and perhaps instruction from the check writer before taking that action. Waiting for the check to arrive in the mail may not be prudent, especially if there is a risk of it being lost for a long period. Reporting the check as stolen is typically reserved for checks that are known to be taken without consent, not just lost.

This approach of contacting the check writer first emphasizes communication and collaboration