From: Buzz (muttman@charter.net)
Date: Tue Nov 08 2005 - 10:20:52 PST
Mark
Buzz
On Tue, 8 Nov 2005 07:19:16 -0800 (PST), you wrote:
On cashier's checks, my bank calls a 800 number to get the issuing bank's phone
number then uses an automated system to verify the check.
On personal checks, In the past I have called the issuing bank and asked to
verify funds available and "hold" funds until the check clears.
I don't know if they'll still do that.
>I'm in the process of selling a truck and would like
>to know how to protect myself from fake cashier's
>checks or money orders, etc. What I'm dealing with is
>in the $7000 range. In the past I usually insist on
>cash, but I always run in the question of checks. Is
>there a way to protect yourself? Can a bank determine
>up front if the check is valid. I had once heard that
>even if it is a cashier check, the bank I deposit it,
>still wants a few days to see if it clears.
>
>Thanks
>Mark
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