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karacg
Babygirl is 4!
Member since 5/05 17076 total posts
Name:
Kara®
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Quick Question for someone who works in a bank
I am selling my timeshare. The buyer wants to use a Credit Card check. I don't feel comfortable with that.
IF I say yes and I immediately take it to my bank, will it clear immediately or will there be a hold on it?
TIA...
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Posted 1/31/08 9:56 AM  |
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Boobobunny
Live in the Present
Member since 5/05 3572 total posts
Name:
Dannielle
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Re: Quick Question for someone who works in a bank
the credit card check is only as good as their available credit line....the check itself will take the normal 5-10 business days to clear.
I would insist on either a certified or bank check
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| Posted 1/31/08 10:06 AM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name:
Chrissy
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Re: Quick Question for someone who works in a bank
Posted by Boobobunny
I would insist on either a certified or bank check
agreed.
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| Posted 1/31/08 10:10 AM |
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MeNBobs
*****
Member since 4/07 3765 total posts
Name:
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Re: Quick Question for someone who works in a bank
The check will NOT clear immediately, you should request a Bank Check or Official Check. Depending on the amount of the check there will be a hold on it even if it is a Bank or Official Check.
My suggestion is that you do NOT accept the Credit Card Check as form of payment due to the fact that fraud is so common these days. Even if the Credit Card Check went into your account without a hold, the check could still bounce or come back fraudulent.
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| Posted 1/31/08 10:26 AM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: Quick Question for someone who works in a bank
Posted by MeNBobs
The check will NOT clear immediately, you should request a Bank Check or Official Check. Depending on the amount of the check there will be a hold on it even if it is a Bank or Official Check.
My suggestion is that you do NOT accept the Credit Card Check as form of payment due to the fact that fraud is so common these days. Even if the Credit Card Check went into your account without a hold, the check could still bounce or come back fraudulent.
I agree-
someone stole those checks out of my mail box once and used it to pay their college tuition. Not the brightest idea- but i think it's pretty common.
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| Posted 1/31/08 10:30 AM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: Quick Question for someone who works in a bank
Posted by McLovin
Posted by Boobobunny
I would insist on either a certified or bank check
agreed.
Agreed. If that's how they want to pay for it, tell them to write the check to themselvse or cash, deposit it, and give you a bank check when the funds clear.
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| Posted 1/31/08 10:31 AM |
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bicosi
life is a carousel
Member since 7/07 14956 total posts
Name:
M
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Re: Quick Question for someone who works in a bank
Posted by Kara
Posted by McLovin
Posted by Boobobunny
I would insist on either a certified or bank check
agreed.
Agreed. If that's how they want to pay for it, tell them to write the check to themselvse or cash, deposit it, and give you a bank check when the funds clear.
Exactly!
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| Posted 1/31/08 10:35 AM |
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karacg
Babygirl is 4!
Member since 5/05 17076 total posts
Name:
Kara®
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Re: Quick Question for someone who works in a bank
Thanks a lot - I didn't like the sound of it but now I can tell her my "sources" have advised me....and that way not sound like I don't trust her....
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| Posted 1/31/08 12:13 PM |
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hmm8191
My loves
Member since 3/06 2908 total posts
Name:
Heather
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Re: Quick Question for someone who works in a bank
Posted by Sassyz75
Posted by MeNBobs
The check will NOT clear immediately, you should request a Bank Check or Official Check. Depending on the amount of the check there will be a hold on it even if it is a Bank or Official Check.
My suggestion is that you do NOT accept the Credit Card Check as form of payment due to the fact that fraud is so common these days. Even if the Credit Card Check went into your account without a hold, the check could still bounce or come back fraudulent.
I agree-
someone stole those checks out of my mail box once and used it to pay their college tuition. Not the brightest idea- but i think it's pretty common.
Yikes, sounds like they could really use that college education!
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| Posted 1/31/08 5:15 PM |
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