Xyzabcdef

[Chimera]

Xyzabcdef

[Chimera]

what happens if diff bank tho?
you know 2-4 days to clear

Don't turn over car until cheque cleared

[j.o.e]

what happens if diff bank tho?
you know 2-4 days to clear

In my case it’s hardly likely as I have a few bank accounts with different banks and also any Manager’s cheque I receive i verify with a call to a bank employee I know.
In recent times the buyers have come with cash to the bank to deposit to my account. That’s their choice to take that risk not mine.

[paid_influencer]

what if I deposit a cheque into your account

but my account is overdrawn/insufficient funds

would the cheque clear and you think everything good good on your end,
until it eventually bounce?

[j.o.e]

what if I deposit a cheque into your account

but my account is overdrawn/insufficient funds

would the cheque clear and you think everything good good on your end,
until it eventually bounce?

Managers cheques only …. I’d never accept a personal cheque from a stranger

[paid_influencer]

some places asks you to deposit to account xxxxx. what i asking is if i deposit a cheque i know going to bounce, would i gt?

[Chimera]

Xyzabcdef

[paid_influencer]

it does normally bounce after it clear

idk if that change since they switch over to the new cheque system. i see cheques come back bounce months after

[adnj]

what if I deposit a cheque into your account

but my account is overdrawn/insufficient funds

would the cheque clear and you think everything good good on your end,
until it eventually bounce?

You don't know what "cheque cleared" means. The process of cheque clearing literally requires that the cheque has been presented to the issuing bank, honored by the issuing bank, and the funds have been deposited into the recipient's account.

Any cheque, including a manager's cheque, can have a stop payment issued to make it worthless prior to presentation.

[paid_influencer]

what if I deposit a cheque into your account

but my account is overdrawn/insufficient funds

would the cheque clear and you think everything good good on your end,
until it eventually bounce?

You don't know what "cheque cleared" means. The process of cheque clearing literally requires that the cheque has been presented to the issuing bank, honored by the issuing bank, and the funds have been deposited into the recipient's account.

Any cheque, including a manager's cheque, can have a stop payment issued to make it worthless prior to presentation.

bro google is lying to you

when people say the cheque 'clear' they mean they seeing the funds in their account
the receiving bank have a specified time frame to put money in your account. so money going in after x number of days unless it happen to bounce sooner than that.
sometimes if the issuing bank real far or something, the cheque have to physically reach them for them to take funds out of the sender's account and at that time it would bounce and the receiving bank would take the funds back out of the receiving account

[alfa]

what if I deposit a cheque into your account

but my account is overdrawn/insufficient funds

would the cheque clear and you think everything good good on your end,
until it eventually bounce?

You don't know what "cheque cleared" means. The process of cheque clearing literally requires that the cheque has been presented to the issuing bank, honored by the issuing bank, and the funds have been deposited into the recipient's account.

Any cheque, including a manager's cheque, can have a stop payment issued to make it worthless prior to presentation.

bro google is lying to you

when people say the cheque 'clear' they mean they seeing the funds in their account
the receiving bank have a specified time frame to put money in your account. so money going in after x number of days unless it happen to bounce sooner than that.
sometimes if the issuing bank real far or something, the cheque have to physically reach them for them to take funds out of the sender's account and at that time it would bounce and the receiving bank would take the funds back out of the receiving account

I did manager's cheques before and they take out the money from your account as soon as the cheque is written. When it is cashed then it is deposited into the recieving account. It is thus impossible to bounce a manager's cheque

[VexXx Dogg]

what if I deposit a cheque into your account

but my account is overdrawn/insufficient funds

would the cheque clear and you think everything good good on your end,
until it eventually bounce?

You don't know what "cheque cleared" means. The process of cheque clearing literally requires that the cheque has been presented to the issuing bank, honored by the issuing bank, and the funds have been deposited into the recipient's account.

Any cheque, including a manager's cheque, can have a stop payment issued to make it worthless prior to presentation.

bro google is lying to you

when people say the cheque 'clear' they mean they seeing the funds in their account
the receiving bank have a specified time frame to put money in your account. so money going in after x number of days unless it happen to bounce sooner than that.
sometimes if the issuing bank real far or something, the cheque have to physically reach them for them to take funds out of the sender's account and at that time it would bounce and the receiving bank would take the funds back out of the receiving account

I did manager's cheques before and they take out the money from your account as soon as the cheque is written. When it is cashed then it is deposited into the recieving account. It is thus impossible to bounce a manager's cheque

This.
Safest approach imho.

Meet in public area for buyer to view car.
Mall, police station, etc.

Agree to conditions of sale. Managers Cheque for sure.

Make appt to transfer and exchange car for cheque.
Transfer same day. Deposit Cheque same day, it helps if you have a banking officer who can handle you instead of a teller. I usually harass my loan officer who dealing with me for the last 15 years.

Take photos of two forms of ID.
Goes both ways for the buyer and you as seller.

It have smartmen sellers too so CYA for both roles.

[adnj]

what if I deposit a cheque into your account

but my account is overdrawn/insufficient funds

would the cheque clear and you think everything good good on your end,
until it eventually bounce?

You don't know what "cheque cleared" means. The process of cheque clearing literally requires that the cheque has been presented to the issuing bank, honored by the issuing bank, and the funds have been deposited into the recipient's account.

Any cheque, including a manager's cheque, can have a stop payment issued to make it worthless prior to presentation.

bro google is lying to you

when people say the cheque 'clear' they mean they seeing the funds in their account
the receiving bank have a specified time frame to put money in your account. so money going in after x number of days unless it happen to bounce sooner than that.
sometimes if the issuing bank real far or something, the cheque have to physically reach them for them to take funds out of the sender's account and at that time it would bounce and the receiving bank would take the funds back out of the receiving account

"Bro" there is a difference between a cheque clearing and a cheque being honored. You are saying cleared - that is not what happens.

If in doubt, take the subject instrument to the branch that it is drawn on. Ask that the instrument be certified at the counter. Either return to your bank and deposit the instrument and wait the requesite amount of time or do what I do: have the funds drawn and wired to your account where you pay the wire transfer fee.

[Chimera]

Xyzabcdef

[adnj]

You can get fake managers cheque....and people can cancel or stop a managers cheque.....

Wasn't there a case a few years ago, where a few dozen cell phones were purchased with invalid manager's cheques?

[Chimera]

viewtopic.php?t=762275

[adnj]

https://trinituner.com/v4/forums/viewtopic.php?t=762275

I hadn't seen that thread before. I thought that you may had heard about the phone fraud but I wasn't aware that someone attempted something similar with you at your business. I apologize if it seemed as if I was joking about your posted experience.

What I was posting about was published in one of the local papers. IIRC, the criminal was arrested a while after he received about 30 phones.

[pugboy]

so if with same bank it’s best to go with person to bank and let them ask teller to do transfer from their acct to yours

between non same banks is there such an “instant” facility ?

[Dave]

With Manager's cheques between different banks, they call to verify the cheque. They may charge a fee for sending the cheque if that level of verification is needed.
Long ago they used to charge a fax fee lol for those who know what a fax is.

[Chimera]

Xyzabcdef

[paid_influencer]

Police are once again calling on citizens to exercise caution when making purchases from people they have only interacted with via social media platforms.

The latest reminder comes after a 23-year-old man was fleeced of $28,000, for the purchase of a Toyota Prado.

The victim told police that he had made contact with someone that he met on Facebook Marketplace on July 18 for the purchase of the vehicle valued at an estimated $500,000.

After making the downpayment of $28,000, the seller allegedly ignored all further attempts for communication and has not delivered the vehicle.

it never stops

https://tt.loopnews.com/content/man-fle ... place-sale

[Chimera]

23 year old man gonna buy a 500k vehicle....cash....all kinda suspicious in that one

[MaxPower]

Bwdmcit

[st7]

reminds me of everyone's favourite tuner... hover11 lol

[Country_Bookie]

BE cautious, as there is a new scam circulating, the Bankers Association of Trinidad & Tobago (BATT) warned yesterday.

“It has come to the attention of the Bankers Association of Trinidad & Tobago (BATT) and its members that there is an Instagram account sharing false information about a partnership with commercial banks in Trinidad & Tobago in an attempt to solicit funds from unsuspecting individuals,” BATT stated in a release yesterday.

“This is a scam and is not sanctioned by or affiliated with BATT or any of its member banks. If you have seen any of these posts, please ignore them. This is a fraudulent ad and neither BATT nor its member banks have given any approval to anyone to act on our behalf with respect to any proposed investment scheme. BATT is also asking if these various entities or persons to desist from placing BATT and its member banks’ logos on their ads,” it stated.

[88sins]

theres a crew who dealing in scotia bank cheques that have someone intercepting the calls to scotia and verifying the fake cheques.

heard that in person from head of fraud squad at the time 2-3 years ago

nearly fell victim to this recently.
Person presented draft, to acquire services at a steep discount.
Called to verify the status, and was told all good, draft genuine, all that good stuff. Deposit draft, and 9 working days later draft didn't clear. Went in to my bank to query, told there's an issue, went to issuing bank, and was told said draft was stolen.

No services rendered or materials supplied yet, but I waiting patiently. He go come to see what's the hold up.
He eh go be able to leave without assistance, but I sure he go come.

[Chimera]

It almost unbelievable eh. Real TV thing. Men intercepting bank calls and approving certified cheques. It almost funny

[88sins]

It almost unbelievable eh. Real TV thing. Men intercepting bank calls and approving certified cheques. It almost funny

Nobody eh "intercepting" anything.
That alone telling you what is what

[Chimera]

There are two methods.
Someone in the bank is in on it and yes....the other method is they are routing all calls to the bank for the day to one of their own numbers

[Chimera]

Xyzabcdef