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What is the best way to take a check(from a loan) from a non local credit union. Could I take the check to my credit union and can they verify funds. Not sure how to do this, I know cash is preferred but I want this sold.
I would not do this. It is not failsafe. Is your credit union willing to give you a written guarantee that they will make payment good if funds fall through? No? Then doing this "all the time" means nothing.I am going to have my credit union call his credit union to verify check is real and funds are available. My bank said they doe this all the time.
This. My credit union has even told me that while they do call and verify funds, they do not guarantee that the funds will be there when you go to cash it. They also aren't guaranteeing that the check is not fraudulent. Basically, they won't stand behind their assurance that the money is there and available to you.I would not do this. It is not failsafe. Is your credit union willing to give you a written guarantee that they will make payment good if funds fall through? No? Then doing this "all the time" means nothing.
Don't do it.
Most stores will take those dead presidents for trade Kroger won't take gold.If you won’t take one useless piece of paper (a cashiers check) why would you take another worthless piece of paper just because it has a picture of a dead President on it?
Insist on gold bullion. It’s the only way to be sure.
If you're buyer pays you in gold bullion, I'll pay you double the amount for the gold. (As long as you'll take a cashier's check for it). We can even meet at kroger to do the deal if you want.Most stores will take those dead presidents for trade Kroger won't take gold.
If I was offered 8oz -9 oz of gold I would take that trade. How does one check the purity of gold?If you're buyer pays you in gold bullion, I'll pay you double the amount for the gold. (As long as you'll take a cashier's check for it). We can even meet at kroger to do the deal if you want.
How does one check the purity of gold?
Electronic analysis.If I was offered 8oz -9 oz of gold I would take that trade. How does one check the purity of gold?
If you won’t take one useless piece of paper (a cashiers check) why would you take another worthless piece of paper just because it has a picture of a dead President on it?
Insist on gold bullion. It’s the only way to be sure.
Good thinking. Here are my thoughts...I once owned an airplane and sold it a few years back. The guy who bought it paid me IN CASH. So, if a guy can buy an AIRPLANE in CASH...then I won't sell a car to someone under a different arrangement.I am not doing it. The check was going to be to me and my mom (she consigned on the loan and I have never changed it)so I would have to set up an account with her just to do this one transaction.
This. I used to work at a CU. The scam works like this:I would not do this. It is not failsafe. Is your credit union willing to give you a written guarantee that they will make payment good if funds fall through? No? Then doing this "all the time" means nothing.
Don't do it.
This.Go with him to his bank. Have him write a counter check (or cash whatever check he has) and give you cash. Deposit in bank if you have an account, or have the bank transfer your cash deposit into your bank or write you a cashier's check.
I do this with any CL type sales over a couple hundred bucks. Added bonus, banks have all kinds of cameras and stuff in them.
It's safer for the buyer too as they don't have to carry cash and take the risk of you theoretically robbing them.