Is A Cashiers Check Safe? How Long To Clear Bank?


4 Answers

Anonymous Profile
Anonymous answered
They are usually treated as cash since most banks clear them instantly.
However, banks are permitted to take back money from a "cleared" check
one or two weeks later if subsequent processing finds it to be
fraudulent. Because customers believe the checks have been found valid
and have been converted to cash in hand, customers are readily
defrauded by schemes which ask them to part with goods or a portion of
the money if it is cleared in a timely manner.I would not take it...
Hello Boss Profile
Hello Boss answered
Require that they purchase a postal money order instead, and do not give or ship them the item until you have cashed it.
Brian Reed Profile
Brian Reed answered
Most cashiers checks are the safest check you can receive , because they are issued and guaranteed by a bank.

Answer Question