Payment question
sadysta1
Posts: 1,309 ✭✭✭
Someone paid me with casher's check. Is it like money order?
0
sadysta1
Posts: 1,309 ✭✭✭
Comments
We ARE watching you.
I got a bogus $13,650 cashiers check and got burned a few years ago.
let in go through your bank account like a check and WAIT!
But that's what I meant! If it's fake, it won't clear.
We ARE watching you.
Just because your bank credits your account, does NOT mean the check is good.
yes, it was a little sting. Expensive lesson.
<< <i>It's only as good as the bank it's wrote on >>
...and only if the bank wrote it
My posts viewed
since 8/1/6
How do I know that the check bounced?
Your account balance at your bank will increase when they credit the deposit. When the check bounces, your balance will magically and suddenly decrease. Even below zero is possible. A co-worker of mine had her checking account turn into -$2700 about 2 weeks after she deposited a bogus $3000 cashier's check (and had donated the proceeds to a casino.)
You should ask your bank to be sure, but they have something like 10 (or perhaps
more) business days in which to return an intrument of deposit as bad and charge
your account.
Another possibility is to call the issuing bank and they may be able to verify to
some degree the validity of the cashier's check.
I have on occasion called to see if a personal check will clear and they will tell you
if the account currently has the funds in place (no guarantee that it will clear at
the time it is presented to them, though).
Ken