quick question...

[Country Living]

Princess... I bet you didn't make a copy of the title either (VIN, etc.) Well, you can get the VIN off your insurance card. And, uh, Princess.. I don't remember your state (and too lazy to find it), did you fill out the form that you sold it and sent it in so you would be released from liability should the buyer not register the bike with the state?

Wait.... didn't you take the check to the bank on which it was drawn and they said they couldn't cash it because the buyer didn't have an account there? Did they look at the check? The tellers would have had notification if fraudulent checks from their bank were floating around (get it... "floating"..???)

Here are today's lessons

• Make copies of everything.
• Make the copies before the items are released.
• Fear is not a bad thing - it makes one prudent.

[Andy0192]

Originally Posted by Banned_Princess

when I brought it to the bank of its origin, it said I couldnt cash it there because i didnt have an account there

A bank that won't cash its own cashier's check? I can understand if they want to verify your identity, but refusing to cash their OWN check? That seems very strange.

[Stevef]

Originally Posted by Andy0192

A bank that won't cash its own cashier's check? I can understand if they want to verify your identity, but refusing to cash their OWN check? That seems very strange.

It's becoming pretty common. They want you to open an account.

I FWIW, I recently sold a $20,000 vehicle. I told the buyer I wanted a Bank of America check. He said he could give me a Wachovia check, but there are none near me. I got the BOA check and everybody was happy.

[Country Living]

I did a lazy search on the list of banks (the URL I put in the other post) and nothing turned up for Chase.

Andy - this issue has been discussed several times on this board.

[Country Living]

Originally Posted by Stevef

It's becoming pretty common. They want you to open an account.

I FWIW, I recently sold a $20,000 vehicle. I told the buyer I wanted a Bank of America check. He said he could give me a Wachovia check, but there are none near me. I got the BOA check and everybody was happy.

I like wire transfers. The buyer has to have the money and my account gets it immediately - all in one easy swoop.

[Banned_Princess]

Originally Posted by Country Living

Princess... I bet you didn't make a copy of the title either (VIN, etc.) Well, you can get the VIN off your insurance card.

Yes I do have the VIN.

And, uh, Princess.. I don't remember your state (and too lazy to find it), did you fill out the form that you sold it and sent it in so you would be released from liability should the buyer not register the bike with the state?

Ny, lol, Here, we just take the plates, and registration, and sign the title. I have not heard of any other forms.

Wait.... didn't you take the check to the bank on which it was drawn and they said they couldn't cash it because the buyer didn't have an account there? Did they look at the check?

Not because the buyer didnt have an account, because I didnt have an account. She took it from me, asked me about my account, handed it back to me because I did not have an account. Maybe she didnt have long enough to look at it really, but she appared to. And the check had the watermarks, noting out of the ordinary.... but it is also true, I dont know much about cashers' checks.

The tellers would have had notification if fraudulent checks from their bank were floating around (get it... "floating"..???)

LoL. I get it...

Here are today's lessons

• Make copies of everything.
• Make the copies before the items are released.
• Fear is not a bad thing - it makes one prudent.

[/quote]

I have included [*]Dont be so lazy about important matters. (oh that was cool how you listed that. lol)

[Country Living]

SA-182-2009
October 16, 2009


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: Counterfeit cashier's checks bearing the name Westfield Bank, Westfield Center, Ohio, are reportedly in circulation.


Westfield Bank, FSB, Westfield Center, Ohio, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation. Westfield Bank does not issue cashier's checks; however, it does issue treasurer's checks.

The counterfeit items display the routing number 041272279, which is assigned to Westfield Bank, FSB. A security feature statement is embedded within a darkened top border. The words "Cashier's Check" are top-centered and the date appears directly below. The word "Remitter" appears in the lower-left corner. The word "Drawer" appears directly below the numerical dollar amount on the right side of the items.

Authentic checks display the bank's logo in the background with the words "Treasurer's Check" in the top center. A "Memo" line is displayed in the lower-left corner.

Copies of a counterfeit item and an authentic check (VOID) are attached for your review. Be aware that the appearance of counterfeit items can be modified and that additional variations may be presented.

Any information you have concerning this matter should be brought to the attention of:

(I removed contact information)

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to [email]alert@fdic.gov[/email]. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at [url]http://www2.fdic.gov/starsmail/index.asp[/url].

For your reference, FDIC Special Alerts may be accessed from the FDIC's website at [url=http://www.fdic.gov/news/news/SpecialAlert/2009/index.html]FDIC: Special Alerts[/url]. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit [url=http://www.fdic.gov/about/subscriptions/index.html]FDIC: Online Subscription Service - About FDIC Publications[/url].

Sandra L. Thompson
Director
Division of Supervision and Consumer Protection

Attachment (not available electronically)

NOTE: As a security precaution, the FDIC does not post to its Web site electronic images of fraudulent items or authentic checks that have been counterfeited. This is to avoid attempts by others to use these instruments to facilitate additional fraud. Financial institutions can view images of the fraudulent items and authentic checks (marked as VOID) using the FDIC's free, secure Web site, FDICconnect. (See more information about FDICconnect at [url=http://www.fdic.gov/news/news/financial/2006/fil06032.html]FDIC: FIL-32-2006: Electronic Distribution to Become Primary Method[/url].) Printed copies of each Special Alert and its attachment(s) may also be obtained from the FDIC's Public Information Center (telephone: 1-877-275-3342 or 703-562-2200; fax: 703-562-2296; or e-mail: [email]publicinfo@fdic.gov[/email]).

Distribution: FDIC-Supervised Banks (Commercial and Savings)

[Banned_Princess]

url=http://www.fdic.gov/news/news/SpecialAlert/2009/index.html]FDIC: Special Alerts

Oh man there are thousands. Can I narrow the search somehow?

Let me try, I'll let you know what I find... If its not there, am I exempt of liability? lol j/k.

Thanks guys, It is a life lesson I have learned, that I hope -*hope*- I am just worried about!!

Cash or electronic transfer .period.

[Stevef]

Originally Posted by Country Living

I like wire transfers. The buyer has to have the money and my account gets it immediately - all in one easy swoop.

How does that work? Can the buyer initiate the transfer by phone? Can I verify by phone?

He drove to Massachusetts from NJ to buy it. After he inspected it, he turned over the check, and I gave him the keys and bill of sale.

[Country Living]

I've only wire tranferred to title companies by phone; but, I imagine you can do it for any type of transfer. That's an easy call to your bank to get their wire transfer requirements/specifics. The buyer would need your transit routing information.

We keep an account open just for wire transfers in case anything weird happens.

When Wireless comes on, she will know.

[Country Living]

Originally Posted by Banned_Princess

url=http://www.fdic.gov/news/news/SpecialAlert/2009/index.html]FDIC: Special Alerts

Oh man there are thousands. Can I narrow the search somehow?

Let me try, I'll let you know what I find... If its not there, am I exempt of liability? lol j/k.

Thanks guys, It is a life lesson I have learned, that I hope -*hope*- I am just worried about!!

Cash or electronic transfer .period.

If you're using IE, get on the web page, click on "edit" and "find" and put in Chase. I did that and it came back with no matches.

[Country Living]

Originally Posted by Stevef

How does that work? Can the buyer initiate the transfer by phone? Can I verify by phone?

He drove to Massachusetts from NJ to buy it. After he inspected it, he turned over the check, and I gave him the keys and bill of sale.

Steve, in your situation the two of you were geographically separated for the car inspection, title transfer, and the money transfer. You could have driven to NJ and had him inspect right there on the bank parking lot. Then you could have walked in (with wire instructions from your bank) and had the money wired. If you don't have the wire instructions, the sending bank can call the receiving bank. I'm such a control freak when it comes to money being passed around I want to have the instructions with me.

I usually pay for the wire transfers coming to me if it's a benefit to me. If somebody messed up, they can pay for the transfer. It's not much - usually less than $25 and well worth the piece of mind. I always ask the price of the transfer before the transfer.

I always verify immediately after the transfer. And I do it while I'm standing there staring at the bank folks who initiated the transfer. I don't move until the money is there. I have access to the wired money immediately.

Does this help?

[>Charlotte<]

That site has a search function which returns two results for the inquiry "Chase". The notices are from June, 2006 and July, 2007.

Counterfeit cashier's checks bearing the name Fox Chase Federal Savings Bank are reportedly in circulation

http://www.fdic.gov/news/news/specialalert/2006/sa06174.html
http://www.fdic.gov/news/news/specialalert/2007/sa07177.html

[Stevef]

Originally Posted by Country Living

You could have driven to NJ and had him inspect right there on the bank parking lot.

I don't think the bank would have been too happy if I landed an airplane in their parking lot

In this case, the bank check worked out fine. I'll keep the wire transfer in mind if there's ever a next time.

[Country Living]

I guess this makes the drive-thru window a bit difficult to use.