(Closed) Holy crap I was almost scammed

posted 11 years ago in Dress
Post # 47
Member
4460 posts
Honey bee
  • Wedding: September 2012

@Ngolden1: yeah. Sometimes it takes them up to a week to get back that it’s not a real check. Like I said, my bank just put up signs at the teller stations telling customers to let the tellers know if the check has come from Craigslist or Ebay or any other place where items were exchanged for the check. I think they cash the check but won’t make it avaliable until it actually comes back from the other bank cleared. Or they do a remote deposit where they can electronically do it and get the answer within 48 hours or something. Banks don’t know if a check is real or not. Especially if it looks real (with the color fading or water seals, ect) They don’t know until it gets back to them. It’s the same thing with personal checks.
All those checks you get for your wedding the bank assumes the money is avaliable. If there isn’t money in an account, the bank doesn’t know that at the time they cash the check. They won’t know until it’s sent back to them with NSF stamped on it.

Post # 48
Member
4194 posts
Honey bee
  • Wedding: May 2010

I still don’t understand ๐Ÿ™ So the check clears, but you are held liable? Wouldn’t the bank have to eat it?

Post # 49
Member
2042 posts
Buzzing bee
  • Wedding: May 2010

@lezlers: “Basically if anyone says “I’m out of the country” it’s more than likely a scam. ” Ohh, please for my sake let that not be true…Cry I’m shipping my dress today. There has to be honest buyers outside the US right?

Post # 50
Member
806 posts
Busy bee
  • Wedding: September 2010

@moderndaisy: nope the bank won’t eat the cost. you are basically SOL when that happens.

Good thing the OP caught on before that happened.

Post # 51
Member
2681 posts
Sugar bee
  • Wedding: October 2013

@moderndaisy: The bank places a hold on the check for usually 2 days before the funds are available to you, but the check actually takes about a week before it clears the bank.  So basically you can take the money out of your account before the bank realizes the check is fake.  I’m not sure about this, but I’m guessing you’re held resposible for the money because you took it out before the check actually cleared?

Post # 52
Member
2042 posts
Buzzing bee
  • Wedding: May 2010

@moderndaisy: Unfortunately the bank doesn’t eat it. It’s treated like when someone sends you a check with insufficent funds. Once they determine it was a fake the money will come out of your account, and if you already spent it thinking you have the money in your account, you’re SOL.

Post # 53
Member
2042 posts
Buzzing bee
  • Wedding: May 2010

@missfireslayer: Apparantly we both chose “SOL” as the best terminology to describe the situation ๐Ÿ™‚

Post # 54
Member
3340 posts
Sugar bee

I actually got a mailer from the USPS yesterday describing these scams and how to avoid them.  How cool is that?  Ever feel like one part of your life melds with another?

Post # 55
Member
806 posts
Busy bee
  • Wedding: September 2010

@meliss: haha ๐Ÿ™‚ great minds think alike

Post # 56
Member
1374 posts
Bumble bee
  • Wedding: April 2011

@meliss:

I’m sorry, I didn’t mean to freak you out!  Have the funds cleared? Not just your bank, but the payors bank as well?  Or did you do the transaction in cash?  And were you paid your asking price, and no more? Then don’t worry about it. ๐Ÿ™‚

It’s usually the “I’m out of country on business right now, but need to purchase your *insert item here* RIGHT AWAY!!” buyers that are 99.9% of the time, scammers.

Post # 57
Member
2042 posts
Buzzing bee
  • Wedding: May 2010

@lezlers: We went through escrow.com. They accept a wire transfer between banks and are supposed to verify the funds before telling you “it’s ok to ship the dress”. In return they take a 3.25% fee out of the sale price. It’s supposed to be the safest method of transaction. I’m still worried that because I’m using her fedex account, and because fedex doesn’t insure international shipments, something will go wrong and I won’t be able prove she received the dress or something. Esrow.com won’t pay me until they can verify the buyer accepted the shipment and  clicked a button saying it was what they agreed to buy. Chances are small it’s a scam, but I’m still paranoid.

Post # 59
Member
4460 posts
Honey bee
  • Wedding: September 2012

@moderndaisy: Say when you get married and you have guests give you checks from all different kinds of banks. You bank at Sunshine Bank and some of your guests actually bank there. So the bank can deposit those checks right away because they can check those accounts the same day you cash the check. Say you got a $500 check from a guest that banks at County Federal Credit Union.

Now, you have more than $500 in your account so your bank will deposit the check and send it off. If your guest has NSF, his bank will stamp the check and send it back to your bank. DEPENDING on the policy, your bank may try to send it up to three times to see if it will clear. If not, then they charge you with a bounce fee.

It’s the same thing with a scam check. They will deposit the funds into your account and then they have to send it off to the fake bank. Once they get the NSF or “bank doesn’t exsist” a week later, they hold you responsible for the money in the account and charge you with a fee. Sucks, but all banks do it.

 

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