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A word to the wise mailing Cashiers Ck's #3209741
02/01/24 11:32 AM
02/01/24 11:32 AM
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Bitopia
J
jcc Offline OP
If you can't dazzle em with diamonds..
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If you can't dazzle em with diamonds..
J

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I believe payment by a cashier's check is a well-accepted method of payment with big ticket items. ignoring all the downsides of fake checks.
I believe its possible to have a stop payment issued on a cashier's check, but the check cannot have been presented, and reimbursement of the check will not take place for an extended period of time, like up to a year.
So, one considered safe way to deliver a cashier's check is thru USPS. If sending Express Priority mail at a cost of over $30, normally it's delivery is guaranteed by next day, and tracking is part of the service.
What is the fly in the ointment and seldom mentioned, if your envelope with a big cashier's check enclosed is not deliverable for any reason, as determined by USPS, it is returned via regular mail, with no tracking.
Ouch.

Note if address is a PO Box, only the USPS can deliver it.


Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
Re: A word to the wise mailing Cashiers Ck's [Re: jcc] #3209752
02/01/24 12:18 PM
02/01/24 12:18 PM
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A collage of whims
topside Offline
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A collage of whims
Back in the mid-'80s, for a while I managed an insurance co total loss department.
One of the claims was a Mercedes, for which the seller/insured had accepted a cashier's check.
Nice-looking check, but counterfeit.

They're probably harder to fake & easier to verify nowadays - that was 40 years ago - but that memory pops into my head every time I hear "cashier's check".

Re: A word to the wise mailing Cashiers Ck's [Re: topside] #3209756
02/01/24 12:32 PM
02/01/24 12:32 PM
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Round Lake Beach, Illinoisy
Rhinodart Offline
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I simply refuse to accept a cashiers check anymore. SOOOO many better ways to make payments nowadays... shruggy


The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: A word to the wise mailing Cashiers Ck's [Re: jcc] #3209758
02/01/24 12:50 PM
02/01/24 12:50 PM
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Bitopia
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jcc Offline OP
If you can't dazzle em with diamonds..
jcc  Offline OP
If you can't dazzle em with diamonds..
J

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Bitopia
The point of this thread remember is about purchasing a Bonafide legit large cashiers' check from your? bank and a reliable way of getting it to the seller with a paper trail, short of personal hand delivery, until it's no longer reliable.


Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
Re: A word to the wise mailing Cashiers Ck's [Re: jcc] #3209873
02/01/24 08:54 PM
02/01/24 08:54 PM
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Round Lake Beach, Illinoisy
Rhinodart Offline
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My point is to never use a Cashiers check and do everything with a wire transfer, just that simple... wave


The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: A word to the wise mailing Cashiers Ck's [Re: Rhinodart] #3209905
02/01/24 11:09 PM
02/01/24 11:09 PM
Joined: Jan 2003
Posts: 12,423
Warren, MI
71TA Offline
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Originally Posted by Rhinodart
My point is to never use a Cashiers check and do everything with a wire transfer, just that simple... wave


I'm looking to buy a $30,000 piece of equipment across the country from a small equipment reseller. "Appears" legit. Only way I would take delivery is to FLY to San Francisco (step over homeless and poop) and take delivery myself with a Uhaul. Problem is, wire transfers take a day. I could wait BUT they could not answer the door either after receipt. They said they'd have to waith 3 days for a cashiers check to "clear". 3 days of my time, food, motel, lost productivity is $$,$$$. The machine is worth over 2X and it's a great deal. I CERTAINLY can't take cash. I'm 61 and EXTREMELY sceptical. Everyone is guilty until proven innocent smile


www.DetroitMuscleTechnologies.com Mopar body and heater box restoration gaskets
Re: A word to the wise mailing Cashiers Ck's [Re: 71TA] #3209913
02/01/24 11:54 PM
02/01/24 11:54 PM
Joined: Dec 2003
Posts: 22,696
Bitopia
J
jcc Offline OP
If you can't dazzle em with diamonds..
jcc  Offline OP
If you can't dazzle em with diamonds..
J

Joined: Dec 2003
Posts: 22,696
Bitopia
In your case, can you obtain a cashier's check from a bank they use, and walk it with them to the bank, and let the bank verify it, etc on the spot would be my first suggestion and don't wear sandals..


Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
Re: A word to the wise mailing Cashiers Ck's [Re: jcc] #3209914
02/01/24 11:56 PM
02/01/24 11:56 PM
Joined: Jan 2003
Posts: 12,423
Warren, MI
71TA Offline
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Good idea!

Then all I have to worry about is them shanking me on the way back to load the machine smile jk

Re: A word to the wise mailing Cashiers Ck's [Re: 71TA] #3209932
02/02/24 01:06 AM
02/02/24 01:06 AM
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Posts: 20,175
Park Forest, IL
slantzilla Offline
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Buddy of mine took a cashier's check for his Harley a few years back. Guy loaded the bike up and took off. Check was fake. My buddy turned it in to State Farm and they paid him same as being stolen.


"Everybody funny, now you funny too."
Re: A word to the wise mailing Cashiers Ck's [Re: 71TA] #3209976
02/02/24 12:03 PM
02/02/24 12:03 PM
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Posts: 43,536
Round Lake Beach, Illinoisy
Rhinodart Offline
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Originally Posted by 71TA
Originally Posted by Rhinodart
My point is to never use a Cashiers check and do everything with a wire transfer, just that simple... wave


I'm looking to buy a $30,000 piece of equipment across the country from a small equipment reseller. "Appears" legit. Only way I would take delivery is to FLY to San Francisco (step over homeless and poop) and take delivery myself with a Uhaul. Problem is, wire transfers take a day. I could wait BUT they could not answer the door either after receipt. They said they'd have to waith 3 days for a cashiers check to "clear". 3 days of my time, food, motel, lost productivity is $$,$$$. The machine is worth over 2X and it's a great deal. I CERTAINLY can't take cash. I'm 61 and EXTREMELY sceptical. Everyone is guilty until proven innocent smile


I recently picked up a Demon 170 for a client and I had to inspect it before the wire transfer would be sent. My client had everything set up at his bank and all I had to do was call him to say all was good then the wire transfer was sent. It took about an hour before the wired money showed up at the sellers bank account... shruggy


The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: A word to the wise mailing Cashiers Ck's [Re: Rhinodart] #3209997
02/02/24 12:55 PM
02/02/24 12:55 PM
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Rio Linda, CA
John_Kunkel Offline
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Originally Posted by Rhinodart
I simply refuse to accept a cashiers check anymore. SOOOO many better ways to make payments nowadays... shruggy


Examples?


The INTERNET, the MISinformation superhighway
Re: A word to the wise mailing Cashiers Ck's [Re: Rhinodart] #3209998
02/02/24 12:59 PM
02/02/24 12:59 PM
Joined: Dec 2003
Posts: 22,696
Bitopia
J
jcc Offline OP
If you can't dazzle em with diamonds..
jcc  Offline OP
If you can't dazzle em with diamonds..
J

Joined: Dec 2003
Posts: 22,696
Bitopia
Originally Posted by Rhinodart
Originally Posted by 71TA
Originally Posted by Rhinodart
My point is to never use a Cashiers check and do everything with a wire transfer, just that simple... wave


I'm looking to buy a $30,000 piece of equipment across the country from a small equipment reseller. "Appears" legit. Only way I would take delivery is to FLY to San Francisco (step over homeless and poop) and take delivery myself with a Uhaul. Problem is, wire transfers take a day. I could wait BUT they could not answer the door either after receipt. They said they'd have to waith 3 days for a cashiers check to "clear". 3 days of my time, food, motel, lost productivity is $$,$$$. The machine is worth over 2X and it's a great deal. I CERTAINLY can't take cash. I'm 61 and EXTREMELY sceptical. Everyone is guilty until proven innocent smile


I recently picked up a Demon 170 for a client and I had to inspect it before the wire transfer would be sent. My client had everything set up at his bank and all I had to do was call him to say all was good then the wire transfer was sent. It took about an hour before the wired money showed up at the sellers bank account... shruggy


What liability do you incur with this inspection?


Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
Re: A word to the wise mailing Cashiers Ck's [Re: 71TA] #3210196
02/03/24 07:03 AM
02/03/24 07:03 AM
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Greenville, PA
redraptor Offline
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Greenville, PA
Originally Posted by 71TA


I'm looking to buy a $30,000 piece of equipment across the country from a small equipment reseller. "Appears" legit.

How does this business generally take payments?

Re: A word to the wise mailing Cashiers Ck's [Re: redraptor] #3210206
02/03/24 09:47 AM
02/03/24 09:47 AM
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PA
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maxwedge1 Offline
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PA
I did a bank to bank wire transfer a few years ago...after supplying the information i was informed once the bank hits send the money is gone from my account and if the information is incorrect or the receiver isnt legit they were not responsible.

Re: A word to the wise mailing Cashiers Ck's [Re: maxwedge1] #3210213
02/03/24 10:42 AM
02/03/24 10:42 AM
Joined: Dec 2003
Posts: 22,696
Bitopia
J
jcc Offline OP
If you can't dazzle em with diamonds..
jcc  Offline OP
If you can't dazzle em with diamonds..
J

Joined: Dec 2003
Posts: 22,696
Bitopia
I received a 5 figure bank wire 30? years ago. It ended up being a contested business transaction in that they had missed our required in writing deadline. I was out of town when it arrived, and when I arrived a week later the senders bank had retracted? the money in full. Seems like they mentioned some "error" or something. I had never heard of such a thing. and have had a wary eye toward bank wires ever since.
Don't know if the rules/laws have changed, but I suspect they like keeping that detail a secret.


Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
Re: A word to the wise mailing Cashiers Ck's [Re: jcc] #3210807
02/05/24 12:42 PM
02/05/24 12:42 PM
Joined: Jan 2003
Posts: 43,536
Round Lake Beach, Illinoisy
Rhinodart Offline
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Round Lake Beach, Illinoisy
Originally Posted by jcc
Originally Posted by Rhinodart
Originally Posted by 71TA
Originally Posted by Rhinodart
My point is to never use a Cashiers check and do everything with a wire transfer, just that simple... wave


I'm looking to buy a $30,000 piece of equipment across the country from a small equipment reseller. "Appears" legit. Only way I would take delivery is to FLY to San Francisco (step over homeless and poop) and take delivery myself with a Uhaul. Problem is, wire transfers take a day. I could wait BUT they could not answer the door either after receipt. They said they'd have to waith 3 days for a cashiers check to "clear". 3 days of my time, food, motel, lost productivity is $$,$$$. The machine is worth over 2X and it's a great deal. I CERTAINLY can't take cash. I'm 61 and EXTREMELY sceptical. Everyone is guilty until proven innocent smile


I recently picked up a Demon 170 for a client and I had to inspect it before the wire transfer would be sent. My client had everything set up at his bank and all I had to do was call him to say all was good then the wire transfer was sent. It took about an hour before the wired money showed up at the sellers bank account... shruggy


What liability do you incur with this inspection?


Zero liability, if I inspect something my word is gold, always has been. If it doesn't pass my inspection then I tell the client and he usually passes. A few times I told the client what was wrong and they renegotiated, other passed and paid my expenses...


The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: A word to the wise mailing Cashiers Ck's [Re: John_Kunkel] #3210810
02/05/24 12:48 PM
02/05/24 12:48 PM
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Posts: 43,536
Round Lake Beach, Illinoisy
Rhinodart Offline
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Originally Posted by John_Kunkel
Originally Posted by Rhinodart
I simply refuse to accept a cashiers check anymore. SOOOO many better ways to make payments nowadays... shruggy


Examples?


Already said what I prefer, only wire transfer, cash, or equal barter...


The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: A word to the wise mailing Cashiers Ck's [Re: Rhinodart] #3211037
02/06/24 04:53 AM
02/06/24 04:53 AM
Joined: Oct 2003
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Colorado
Leadfoot Offline
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I seem to be sending out a lot of checks lately, be it bank checks or money orders. One thing that I don't think all that much of is that you can't insure an envelope. Send out a cashiers check for a couple grand, you can only hope and pray that it gets there.

Re: A word to the wise mailing Cashiers Ck's [Re: Leadfoot] #3211060
02/06/24 10:19 AM
02/06/24 10:19 AM
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South Bend
John Brown Offline
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South Bend
Originally Posted by Leadfoot

I seem to be sending out a lot of checks lately, be it bank checks or money orders. One thing that I don't think all that much of is that you can't insure an envelope. Send out a cashiers check for a couple grand, you can only hope and pray that it gets there.


Put it in a bubble pack mailer and call it a first class package.

From USPS;

Can you insure a USPS first class package?
Up to $100 insurance coverage included in price of postage. Additional coverage may be purchased at any Post Office in increments up to $5,000.


July 19th should be "Drive Like Rockford Day". R.I.P. Jimmie.






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