Quote:
Originally Posted by dem
It can take weeks for a fake/bad check to actually bounce, and you will be on the hook for that money AND the bounced check fees.
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a personal check maybe, but not a cashiers check, as the OP mentioned.
i think a major bank should be able to verify the authenticity of a cashiers check almost immediately.
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A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier. Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount. They are commonly required for real estate and brokerage transactions.
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