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MICHAELI v. NY SAV. BANK

129 Misc.2d 1096 (1985)

Yechazel Michaeli, Respondent, v. Greater New York Savings Bank, Appellant.

Supreme Court, Appellate Term, Second Department.

May 8, 1985

Attorney(s) appearing for the Case

Ahearn, Damanti & Carlson (Robert P. Carlson and Robert E. Danielson of counsel), for appellant. Ralph Herbert Kress for respondent.

PINO, P. J., and JONES, J., concur; KUNZEMAN, J., taking no part.

MEMORANDUM.

Judgment affirmed, with $25 costs.

It has been consistently held that teller's checks are the equivalent of cash (Savemart, Inc. v Bowery Sav. Bank, 117 Misc.2d 947; Fur Funtastic v Kearns, 120 Misc.2d 794) and a bank is thus burdened with the duty of protecting innocent third parties by safeguarding said checks (Savemart, Inc. v Bowery Sav. Bank

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