Is it safe to take cashier's check/ Money order?

Question

I live in the US and I was looking for tenants through the internet and there are number of people who was interested in renting my property.
Most of those emails come from different countries, for example, UK, Nigeria, Netherlands etc.. One person told me he wil send me money orders from his country, and the others told me upfront that they will pay via cashier's check/money order. I was just wondering, why can't they open a US account here, with all the frauds going on, can I trust this method of accepting payment?

Answer 1

SCAM! This exact thing happened to two people I know,both advertised rentals on Craig's list. The money order or cashier check looks legit,but they are fakes. If you cash them,you will owe the bank all the money back. Since they are from a foreign country,it takes a while till they realize they aren't real. Most times they will send you a money order for more money than you are asking and tell you to take the expenses out and send them back the remainder. They are now getting a legit money order from you with your money and gave you a fake one. You will be out all the money. Do not trust this kind of deal.

Answer 2

A cashiers check might be safe because that money comes right out off their bank account but a money order is a no no. Have them wire over money and don't take personal checks either. You have to be very carefull with so much scam going on and expecially the one from Nigeria you cannot trust. Why would you take tenants from abroad anyway?

Answer 3

Yes. Because you are actually taking the bank's money not the person's actual check. Money orders, cashiers checks, and travelers checks are very safe ways of accepting money.

However, if you are taking money orders drawn on foreign banks you have to take into account the difference in exchanging that currency into the currency of what country you live in.

Answer 4

In my experience anything from Nigeria is a scam. They will write you a few emails and ask for your bank account number so they can "wire" the money to your account. As soon as they get your account number they will just clean out your account. It all sounds like a scam to me. Best of luck.

Answer 5

Ask yourself why anyone from a foreign country would want to rent an apartment, sight unseen. Since you got several similar responses, there has to be some kind of a scam involved. Nigerians are infamous for running Internet scams.

Answer 6

the two are faked usually. A cashiers verify (called qualified verify or valid verify) has a duplicate on the decrease back which you maintain and additionally a duplicate the economic corporation keeps. maximum persons don't comprehend that the two can even have quit will pay located on them purely like very own exams.