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2022 Challenger Jail Break
That’s how I got payment for the last car I sold. His bank was Wells Fargo and I went to a branch with him and the clerk gave me a cashiers check directly.
Cashiers check is paid directly by the bank to you not from the customer funds. If it’s given to you by a tank teller it’s pretty legit.Yes, my bank won't issue a Cashier's Check over $5k, then it has to be a certified check. Not sure on the differences in safety of funds, I've never run across a bad one...
Cashiers check is issued by the bank not the private party. The teller immediatly deducts the funds from the payor account and then the bank writes you a check. It’s from the bank to you. Guys name isn’t even on it. I’m sure if the payor can prove fraud the bank can go after you mater for it back but it’s not like a regular stop payment.A cashiers check from the bank itself (as the payer) would be safe. A cashiers check from a private party can be cancelled by the private party prior to being deposited into an account. I have sold a lot of cars and will only accept a cashiers check if the buyer is patient enough to wait for me to send them the title once the check clears. They get the car and a bill of sale while we wait for the check to clear. Wire transfer is the safest option.
From google real quick.Have you ever cancelled a cashiers check? I have when the car I went to look at was not what I thought it would be. I was not required to re-deposit the funds. Also, if it is as good as cash why does it take 2-3 days for the funds appear in your account after depositing the check?