Transfer of large sum of money

[TMurphy]

A stop payment shouldn't be a problem...at the bank where I work, wemake the customer sign something, letting them know that we will NOT issue a stop payment on any cashier's checks issued.

[Dean E]

Before accepting a certified, or cashier's, or a teller's (issued by credit unions) check, please understand the risk that these checks may have stop payment orders placed, leaving the person who accepted such a check feeling a drastic financial pinch when the check bounces. (Please see Uniform Commercial Code section 4-403(2) in most states.)

Risk?? What could be said is "beware of accepting a cashiers check and not taking it to your bank anytime soon." . . .

You are exactly right.

However, a scammer would not be using a legitimate bank, but rather would be sending either a stolen or forged cashier's check blank, which often has been run through a fancy, multi-color-ink printer to make it look authentic. The goal is to get the seller's merchandise shipped before the seller becomes suspicious.

Also, within the banking industry, certain small banks are known for their occasional inability to honor their own cashier's checks.

It would be wise and businesslike to make sure a cashier's check clears before delivering the merchandise.

[Doug@GT]

Why not just BARTER when buying tubas and sousaphones? How can anyone counterfeit or stop payment on a cow?

Counterfeit or stop payment, no. But I'd be worried about the revolution.

[MaryAnn]

Why not just BARTER when buying tubas and sousaphones? How can anyone counterfeit or stop payment on a cow?

Counterfeit or stop payment, no. But I'd be worried about the revolution.

Oooooh....you're SO right. If the REVOLUTION happens, he's going to NEED that tuba so he can convert it to a CANNON.

MA