erika, how is payment going to change hands?
Natter 55: It's the 55th Natter
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
That's extremely scammy. That's one of the most common auto buying scams right there.
Okay, thanks. At least we can head this off before he does anything.
I don't get how that works. Once a check "clears" a bank, how can they come after you for the money? Isn't that why, even in this electronic age, some checks take days to clear? Or, are people not really waiting for official clearance?
Often it's a foreign cashier's check. Many people think a cashier's check is as good as cold hard cash. They're not - they can be counterfit. The bank makes the money available as a courtesy, but when the counterfit is discovered the seller is now out the money for the check.
eta: Laga's link explains it in more detail.
I don't get how that works. Once a check "clears" a bank, how can they come after you for the money? Isn't that why, even in this electronic age, some checks take days to clear? Or, are people not really waiting for official clearance?
Counterfeit certified checks can take weeks for banks to pick up the fraud. Meanwhile the scammers push the marks to wire them some of the "excess" funds. The mark figures that a) certified means the check is pre-cleared; b) a few days should be enough time if it still needs to be cleared; and c) if the bank screwed up it's their problem. Wrong on all counts. And once the "excess" funds are wired overseas, they're non-recoverable.
ETA: inevitable x-post
If you read the example listed above, they used a faked cashier's check from a defunct bank -- so that it would take much longer to get cleared/rejected than usual.
I hope erika's brother reads through that whole example, it's eye-opening.
See, this whole thing reinforces my unwillingness to deal with anybody who can't spell or use grammar correctly on the internet. (Which I know is not fair; my own husband is a bad speller, but still.)
We read it to him on the phone. Didn't see the mail, so can't comment about UK guy's spelling.
I should get food.
Bother.