Re: Any checks instant?

[Bill Watson <wwatson6@xxxxxxx>]

By rights, if that cheque was certified, no one should have taken off with 
the funds, and the account should not have been closed until that cheque 
cleared.  Otherwise, which is the big deal about certifying a cheque?

The last time I wrote a certified cheque (I think $200) my bank froze $200 
in my account.  Until the cheque cleared my account balance was always $200 
less than it really was.

The bank did a similar thing when I deposited a cheque from an American 
firm.  The bank froze the amount of the cheque in my account for 28 banking 
days.   As as banking days are Monday to Friday, except holidays, I had 
those funds on hold for over 5 weeks.   I think cheques from outside of 
North America are held even longer.

Bill
Vancouver, BC


----- Original Message ----- 
From: "David orr" <fe2orr@xxxxxxxxxxxxxx>
To: <1962to1965mopars@xxxxxxxxxx>
Sent: Wednesday, July 23, 2008 11:10 AM
Subject: Re: Any checks instant?


> I sold some high end parts and the guy brought me a bank cert check which 
> I took to my bank and had them verify that the account was good and funds 
> available. . turned over the parts and the guy left. he then cell phone 
> some one and they closed the account making my check no good.  Elect 
> transfer the only way  m2cts.  Dave O
> ----- Original Message ----- 
> From: "Don Hudson" <mopar4me@xxxxxxxxxxx>
> To: <1962to1965mopars@xxxxxxxxxx>
> Sent: Tuesday, July 22, 2008 7:52 AM
> Subject: Re: Any checks instant?
>
>
> > The only issue I see to that is your account number may be floating 
> > around either in cyberspace or elsewhere.  I have recently run into this 
> > same problem in selling some parts to an overseas buyer.   His bank would 
> > not do a wire transfer without an account number.  The buyer and I have 
> > since resolved the issue and his parts will be going out in the mail 
> > today.
> > Don
> >
> > bt6t4@xxxxxxxxx wrote:
> > > My g/f is a credit manager and wire tranfer is the only way to go.Once 
> > > the money is wired it's locked into where it's sent.
> > >
> > > George
> > >
> > >
> > > --- On Mon, 7/21/08, Dave Walters <whdavid@xxxxxxxxx> wrote:
> > >
> > >
> > > > From: Dave Walters <whdavid@xxxxxxxxx>
> > > > Subject: RE: Any checks instant?
> > > > To: 1962to1965mopars@xxxxxxxxxx
> > > > Date: Monday, July 21, 2008, 9:38 PM
> > > > In this day and age, only a wire transfer is foolproof.
> > > > Everything else can be forged/faked.
> > > >
> > > >
> > > >   Dave Walters
> > > >   Denver, Co.


----
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