11-26-2009, 12:30 AM
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#1 (permalink)
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A True Z Fanatic
Join Date: Mar 2009
Location: Charleston, SC
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Quote:
Originally Posted by VCuomo
You are correct - cashier's checks and certified checks are really no different than a personal check. They can all be forged or cancelled after issuance.
A US Postal Order is probably the safest "check" - they can't be easily cancelled or faked. Best is cash, next best is having the money direct-wired to your account (and don't provide the merchandise until you verify that the money has actually been deposited).
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A cashiers check will virtually NEVER be cancelled after issuance, "if" it was issued by the bank. People tend to confuse that issue with a "forgery" or "stolen" check, that will not be honored by the bank, because it was never issued by them from real funds at the request of the account holder. The real reason these days to not take a "cashiers check" from someone you don't or barely know is because of forgery. With todays technology it is very easy for criminals to create fake cashiers checks right down to the magnetic encoding ink at the bottom that has the account information on it.
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