Tuesday, February 23, 2010

How long does it take for a check to clear your bank?

i am selling an antique ring on craiglist and someone is buying it but the check will be made out to me from his co. and i have to send him the remainder another words he is overpaying me and i have to send him the rest along with the ring. what are the chances this is a real check, and if i try to cash it at my bank how long would it take before you know you are safe enough to send the ring to the buyer?How long does it take for a check to clear your bank?
You should not accept a check for a Craigslist sale. You should NEVER accept a company check for ANY sale to an individual.





If the check is for more than the sale amount, it IS fraudulent and WILL bounce about 5 minutes AFTER he receives the ring. It doesn't matter how long you wait to send it.





The chance this is a legitimate transaction are ZERO.How long does it take for a check to clear your bank?
scam. sell to a local for cash.
~~This is a big scam. It will end up with you giving the ring and the check to the person and lose it all. It can take up to 14 days (sometimes even more depending on why the check gets returned), before you will even know its bad. In the meantime you have mailed him the ring and give him money to boot. Do not do this!~~
It's a scam. the overpayment is the giveaway.


Don't do business with this person!
PLEASE do not do this. Discontinue all contact with that scammer. Do not communicate with him in any way.





Then go back on Craigslist %26amp; read the warnings posted about how to avoid scams. Deal locally %26amp; in cash.





If you deposit the check, when it bounces you will be held liable for the full amount of the check, any fees associated with it, etc. but you could also be arrested for negotiating a fraudulent check.

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