If I cash a check, wait a week and confirm the check has cleared; is it my
money regardless of what happens afterwards?
I am selling a palm pilot I advertised on Craigslist. Someone in the
Caribbean is sending me a US check and I am to send it to another city,
because he visits there frequently. His is fine with me shipping a week
after receipt.
This sounds really fishy and I am concerned. But if it clears, and later
turns out to be fraudulent, am I burned or the bank?
Interestingly, someone in Nigeria sent me a fake money order for the same
product. I have probably sold a hundred things like this, and this it the
first item I have had problems with. Something to do with palm pilots may?

"Toller" <Toller@yahoo.comwrites:

>If I cash a check, wait a week and confirm the check has cleared; is it my
>money regardless of what happens afterwards?

No. Banks are funny that way. They will stick you with the costs, no matter
when it finally bounces.

>I am selling a palm pilot I advertised on Craigslist. Someone in the
>Caribbean is sending me a US check and I am to send it to another city,
>because he visits there frequently. His is fine with me shipping a week
>after receipt.
>This sounds really fishy and I am concerned. But if it clears, and later
>turns out to be fraudulent, am I burned or the bank?

Ask for a bank draft or money order instead.
And wait to make sure it clears.
discuss with your bank what the best thing to do is.


>Interestingly, someone in Nigeria sent me a fake money order for the same
>product. I have probably sold a hundred things like this, and this it the
>first item I have had problems with. Something to do with palm pilots may?