|
Author
|
Topic: money order/cashier check?
|
5.t0es
¯
Member # 5864
|
posted
 
 
i took one of them in as form of payment,deposited in my account and its pending as of now. my question is can they guy who gave it to me cancel it and im screwed or is it as good as cash? it was from wells fargo, i just never dealt with it
Posts: 2990 | From: eb | Registered: Jul 2005
| :
|
|
Camara90
1%
Member # 134
|
posted
from what I understand it can be tricky. There are some fakes, and I believe some ways to either take the funds from their acount and the Money order will not clear. I would stick to dealing strictly in cash. Last time I took a money order I made the guy take me to the bank and had them cash it on the spot.
--------------------
92GT,stock short block,9:1 TFS 170's,perf rpm,custom cam,1 5/8 shorties,C4 trans.
std. 356hp, 350tq
11.85@111.9mph on motor.
Posts: 2351 | From: 707 | Registered: Jan 2001
| :
|
|
Zeke34
¯
Member # 9432
|
posted
If I'm not mistaking, I think if the check clears before he decides to cancel the check then you're good.
--------------------
Chuck Norris is currently suing NBC, claiming that Law and Order are trademarked names for his left and right legs.
Posts: 209 | Registered: Aug 2009
| :
|
|
Zeke34
¯
Member # 9432
|
posted
quote:
Originally posted by Camara90:
I would stick to dealing strictly in cash. Last time I took a money order I made the guy take me to the bank and had them cash it on the spot.
Well said... ![[patriot]](graemlins/patriot.gif)
--------------------
Chuck Norris is currently suing NBC, claiming that Law and Order are trademarked names for his left and right legs.
Posts: 209 | Registered: Aug 2009
| :
|
|
svt306snake
¯
Member # 1967
|
posted
if it was from wells fargo you should have gone into your local branch and got cashed out. wow
--------------------
F*** TPS MOTORSPORTS F *** TPS MOTORSPORTS THEY SUCK ASS
TEAM TRUE FORGED X 2 SPONSORED
CAPITAL MUSTANG C.C.
Posts: 5841 | From: SACRAMENTO "916" YA KNOW | Registered: Oct 2002
| :
|
|
Wolfie351
¯
Member # 651
|
posted
The entire point of a cashiers check is that you can't cancel it, it's as good as cash. Even if you lose it, you still could be SOL unless you jump through several hoops and put up a bond against the lost check. The payee would also have to sign a sworn statement under penalty of perjury that they did not receive the check. After all that, you'd have to wait months and months to get your money back.
The issuing bank should be able to verify the check before you accept it as payment. I've gone to the bank with people to cash a check when I've bought something, but I would never do business with someone if they demanded cash on an expensive item.
Posts: 1214 | From: South Bay | Registered: Dec 2001
| :
|
|
Chris C.
¯
Member # 1949
|
posted
To my understanding, MOney order and cashiers checks are certified funds. The hold on the check is just the bank making sure its real and not a fake.
Ive always thought in order to get a cashiers check or M/O, you had to pay upfront for the amount of the check you are trying to get...?
But to directly answer you, NO i dont think he can cancel the check.
--------------------
-1990 Coupe
Posts: 636 | From: San Jose, Ca | Registered: Oct 2002
| :
|
|
Camara90
1%
Member # 134
|
posted
not a pro scammer, but look at craigslist. They send you e-mail telling you to avoid those types of payments. Cash money is where it is at. Meet in a public place, during the day. Banks are good places to meet because they have cameras outside and inside.
--------------------
92GT,stock short block,9:1 TFS 170's,perf rpm,custom cam,1 5/8 shorties,C4 trans.
std. 356hp, 350tq
11.85@111.9mph on motor.
Posts: 2351 | From: 707 | Registered: Jan 2001
| :
|
|
essasin
¯
Member # 4741
|
posted
There are scams out there with cashiers checks but legit money orders still take a day or two for it to clear. Next time if you are going to do a non cash transaction only take a USPS money order. You can cash them at the post office instantly for no fees and ship out the item at the same time. They also hold records of canceled transactions and nobody has been able to counterfeit the embedded images on the USPS MO so you can verify it immediately. On top of that I would think a scammer would think twice about forging not just any money order but one from the US government.
Posts: 2402 | Registered: Jul 2004
| :
|
|
Yaterstang
¯
Member # 7659
|
posted
You can cancel cashiers checks and money orders. Do not spend that money until it clears, double check with your bank. You always want to take cashiers checks to the maker to verify its real before depositing or cashing the check.
Posts: 2968 | From: Natomas | Registered: May 2007
| :
|
|
Email this post to someone!
Printer friendly view of this Ford topic
