Cashiers check and online selling?

Question

Is it safe to trust a person that's paying by cashiers check? I'm selling an item through email and it's an ad online,too.

Answer 1

I heard they are not safe. There are some scams going on on the internet regarding motorcycles getting purchased via casher's cheques and somehow you'd end up losing your money.
Tell them to get a paypal account, it only takes a moment to register! Here's the direct link:
https://www.paypal.com/uk/mrb/pal=K6SM58SHLT8LU

Answer 2

not entirely..
A cashiers check is as easy to fake as any other check.

be really aware if you are sent a check for more than your item is worth.

It is best to call the bank that issued the check and make sure that the account exists.(do not call the number printed on the check...scammers will put their own number on there)

There is a scam where a buyer will contact you and ask to pay by check.

What happens in this scam is:

You will receive an email saying "I am interested in buying "the item",or sometimes they will cut and paste the item into a template so it will say "Ford Thunderbird 5.0"

They will ask if you can receive a check for more than the asking price.You will be then asked to send the balance of the check to someone else.
car = $1000
check = $4000
balance = $3000

The check will be fake (to be sure,call up the bank that issued the check and ask them to check if the account exists...do NOT call the number on the check!)

The general assumption is that the check will "clear" in a couple of weeks...this is a bit misleading.
Your bank will "honour" the check in 7 to 10 days giving you access to the money(they are legally obliged to unless they are suspicious)
The check is not "cleared" until it is physically sent back to the issuing bank...this can take up to 6 months.

6 months after you have sent the balance to the scammer you are wondering why they have not picked up the car....and that's when the bank debits your account for the amount of the check.Its your fault...never the banks..

It doesn't matter if it is a personal check or a bank draft..they can both be forged as easy.

Answer 3

Well, cashier's checks used to be the best method of money exchange until a while ago when many were found to be forged.

Answer 4

yes, cashier's checks are very trustworthy, if you have any doubt, wait until the check clears before you send the goods off.

Answer 5

cashiers check are safe.