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Hey all. I have a possible sale of a boat this Friday. The buyer wants to give me a certified check drawn on a Pennsylvania Bank. I'm concerned that once he takes the boat and trailer, that he COULD call his bank and ask them to stop payment. I fear that when I deposit the check into my account, his bank won't honor it. I've heard the bank MUST pay the check legally. His bank is 44 miles away and to "Race" there to cash it is a pain in the butt AND they might not keep enough cash to pay it on the spot at their branch. Any advice ? Thanks in advance
Bob, Mays Landing
February 26, 2015 05:35:05 PM
5 people recommended this |
In reply to Bob, Mays Landing
Thank you for joining us here at TD Helps, Bob.
Based on the information you provided, it sounds like you will be receiving a certified check issued by a non-TD financial institution. As information may vary from one institution to another, we recommend reaching out to your buyer's financial institution directly to obtain the information you needed.
We wish you the best of luck! Let us know if you have any other questions. We hope you have a nice day!
Colleen B, Mount Laurel
February 26, 2015 05:36:04 PM
1 person recommended this