Questionable buyer
- Thread starter eh8475
- Start date
Typhoonracer
Old Guard GURU
Re: Questionable buyer
Total SCAM...
The check to you will be NO GOOD and you will be OUT the 7500 you sent him...
TOTAL SCAM......
Total SCAM...
The check to you will be NO GOOD and you will be OUT the 7500 you sent him...
TOTAL SCAM......
Trollenfrak
I Rock
Re: Questionable buyer
Scam the scammers!!!
Scam the scammers!!!
mattw
Active member
Re: Questionable buyer
OK, since you work at a bank I have some questions for you about this... To start, IMO that fact that this can happen is 100% the banks fault.. With all of the high speed & secure networks avaliable today any bank anywhere should be able to verify the legitimacy of any check on the spot in a matter of seconds.. Not being able to is quite pathetic in today's day and age..... That being said.... Why aren't banks able to verify any/all checks in real-time? Is it just a matter of already having a process in place and not wanting to change it??
Thanks,
-Matt
sy#2716 said:
OK, since you work at a bank I have some questions for you about this... To start, IMO that fact that this can happen is 100% the banks fault.. With all of the high speed & secure networks avaliable today any bank anywhere should be able to verify the legitimacy of any check on the spot in a matter of seconds.. Not being able to is quite pathetic in today's day and age..... That being said.... Why aren't banks able to verify any/all checks in real-time? Is it just a matter of already having a process in place and not wanting to change it??
Thanks,
-Matt
sy#2716
SyTy 4 Life
Re: Questionable buyer
Well that is what we are trying to do with this new check 21 thing.
But we do not acctually proccess the check we have to send them to Atlanta everynight and The Federal Reserve Bank are the ones that make sure that they are good. That is why it would take it say 5 or 6 days for a check to totally clear if it was from a out side bank.
But you are kinda right about it being a banks fault also becasue if it is an out of the country or even sometimes in the country we are spose to put holds on checks for example
In state checks 2 day hold
out of state 5 days sometimes up to 10 days
and then out of the country we can put a think 20 days and up holds on them or what ever you think is adaquate enough time for the check to clear.
Even if it is a Cashiers check we can put a hold on it. That way it is actually protecting use as a business and you as the customer becasue you would not beable to access the money and send it out to the other person and the get screwed over when the check came back as fradualant.
Well that is what we are trying to do with this new check 21 thing. That is what business are using to see if the money is good when people write checks. becasue it is linked into the federal reserve bank and proccess all the checks and sends them back to their original bank.
And we are actually in the proccess of try to get programs that use real-time verfication but it is very very expensive because you have to change almost all the programs from what my IT officer says.
But the best thing to do is any check that you feel unconfrtable with you can actually call the other bank or have a bank employee call the bank the check is drawn off of and verfiy the check is good if it is located in the USA, but dealing with someone over seas i know that if you request it an emplyee at the bank a call the federal reserve and give them the information and they can try to contact the bank overseas and verfy it is good.
But if you ever deal with someone overseas the best thing to do is have them send a wire transfer it is a little more expensive but you know for a fact that the money is good and the only people that can send wires are linked into to certain programs that the government approves and you wouldn't have to worry about if the check is good or not becasue the money is in the account.
but hopes this explain a little.
Jpope
Well that is what we are trying to do with this new check 21 thing.
But we do not acctually proccess the check we have to send them to Atlanta everynight and The Federal Reserve Bank are the ones that make sure that they are good. That is why it would take it say 5 or 6 days for a check to totally clear if it was from a out side bank.
But you are kinda right about it being a banks fault also becasue if it is an out of the country or even sometimes in the country we are spose to put holds on checks for example
In state checks 2 day hold
out of state 5 days sometimes up to 10 days
and then out of the country we can put a think 20 days and up holds on them or what ever you think is adaquate enough time for the check to clear.
Even if it is a Cashiers check we can put a hold on it. That way it is actually protecting use as a business and you as the customer becasue you would not beable to access the money and send it out to the other person and the get screwed over when the check came back as fradualant.
Well that is what we are trying to do with this new check 21 thing. That is what business are using to see if the money is good when people write checks. becasue it is linked into the federal reserve bank and proccess all the checks and sends them back to their original bank.
And we are actually in the proccess of try to get programs that use real-time verfication but it is very very expensive because you have to change almost all the programs from what my IT officer says.
But the best thing to do is any check that you feel unconfrtable with you can actually call the other bank or have a bank employee call the bank the check is drawn off of and verfiy the check is good if it is located in the USA, but dealing with someone over seas i know that if you request it an emplyee at the bank a call the federal reserve and give them the information and they can try to contact the bank overseas and verfy it is good.
But if you ever deal with someone overseas the best thing to do is have them send a wire transfer it is a little more expensive but you know for a fact that the money is good and the only people that can send wires are linked into to certain programs that the government approves and you wouldn't have to worry about if the check is good or not becasue the money is in the account.
but hopes this explain a little.
Jpope
Olskoolturbo
Use the force to fix it
Re: Questionable buyer
I've also heard it that the overpayment is for the buyers authorized agents fee to inspect the car or boat or whatever your selling. Only some people have fallen privy to they scams and they lose money and the collateral.
This reminds me of the Nigerian scams. I love they way the LS1tech.com guys played with them, funny shnit.
I've also heard it that the overpayment is for the buyers authorized agents fee to inspect the car or boat or whatever your selling. Only some people have fallen privy to they scams and they lose money and the collateral.
This reminds me of the Nigerian scams. I love they way the LS1tech.com guys played with them, funny shnit.