Originally Posted by timothysiler
I have a 638ci motor forsale and a gentleman wanted to meet me up on Sunday and pay a cashier check. I told him with it being sunday I will have to accept cash or we can meet one day during the weekend and I can call the bank and verify the fund from his check or meet him at the bank in which gave him the cashier check. Only other way I would accept it is through a wire transfer. He told me never mind that he didnt want the motor and was not going to carry that much cash with him. Did I do the right thing?
Yes, you did the right thing. There are too many bad cashiers checks out there. The banks will even tell you that they can't say if they are good or not until they clear. Sometimes it takes up to 4 to 6 weeks. I won't accept a cashiers ever. Tell him you'll take it, but you won't let the engine go untill it clears totally.