"Wayne.B" wrote in message
...
On Tue, 12 Feb 2008 11:20:21 -0500, wrote:
Bank Checks can be fooled around with. It's often weeks or even months
after they supposedly clear on your end, that the bank informs you
that you owe them the amount of the check because it turned out to be
forged.
Do some google searchs for things like:
"Bank Check" "scam"
or
"Bank Check Fraud"
Very true unfortunately. You're probably OK but the small percentage
of deals that go bad get pretty ugly. The nice thing about wire
transfers is positive proof that the money arrived, and the funds are
immediately available. I think most big ticket deals are being done
via transfers these days.
Agreed, a dedicated account for wire transfers is probably the safest way to
handle large transactions. As for bank checks, you can also request your
bank to confirm the authenticity of the check. I asked about this once and
they can do it, particularly with large transaction amounts.
In my current case, I am not concerned about a bank check. I have met the
buyers and have their address.
We've gone through the legitimate process ..... survey, sea trial,
mechanic's inspection, oil analysis, etc., all of which the buyer paid for.
Furthermore, the boat isn't leaving the dock until some time in April which
leaves plenty of time for the check to clear in any event.
Eisboch