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Secret shopper scam: You are “hired” to evaluate the customer service at a money transfer service and given a cashier’s check. You are told to deposit the check at your bank, withdraw the ...
A cashier's check is issued by the bank, signed by the cashier and guarantees payment. It can be used to make large purchases. ... Providing a security deposit for an apartment rental. Making a ...
Certified check; Cashier's check (known as a bank draft in Canada) Money order; Manager's check; Wire transfer; Specifically, personal checks are not allowed, as the account may not have sufficient funds, and credit cards are not allowed, as the transaction may later be disputed or reversed. Checks sent by a bank bill payment service can fall ...
A cashier’s check, also known as an official bank check, is a payment instrument issued by a bank or credit union to a third party, usually on behalf of a bank customer who pays the bank the ...
Counterfeit money orders and cashier's checks have been used in certain scams to steal from those who sell their goods online on sites such as eBay and Craigslist. [9] The counterfeit cashier's check scam is a scheme wherein the victim is sent a cashier's check or money order for payment on an item for sale on the Internet. When the money order ...
The fake check can present either as a personal or cashier's check. The scammer then requests that the victim pay them the excess between the intended amount and the amount on the check. [ 2 ] After the victim does so, they discover that the scammer's check was fraudulent, losing their money.
Unlike a personal check, a cashier’s check is a direct obligation of the bank. As a result, there is virtually no risk that it will bounce or otherwise be invalid. Cashier’s checks are ...
Funds from certified check vs. cashier's check come directly from the account holder's bank account vs. being drawn from the bank's own account.