Sellar Beware story

[Wangchung]

I will make this as short as I can.
Just sold a 200 XCW to a guy for his 14 yr old kid, they race off road. He paid me with a bank draft from a major bank.
I figured this would be a none issue depositing into the bank. I was wrong, my bank said that there is something funny with the water marks and it's now in the "possible fraud check pile". And its going to sit there for 7 business days (8 business days have passed).
Guy I bought it from says that the money is out of his account so it my problem. This is starting to get messy. Should have just parted it out on eBay.
No more bank drafts for me, cash only.

[Braap791]

If it's a fake name names!

[dirtyboy]

Thanks for the post. I just did a transaction and your post helped me to be more forceful about what I needed. I ended up going to the bank with the buyer and with both of us at the teller, they transferred the money electronically into my account. No hold. Luckily we both used the same bank.

[Wangchung]

Funds were released and it only took 2+ weeks get my money.

[dirtyboy]

Funds were released and it only took 2+ weeks get my money.

Well that's good news. It sounded more like a bank issue than fraud. I'm glad it worked out for you.

E-transfer with the buyer and seller at the teller worked great for me. Thanks for your post, it made me more cautious.

[Wangchung]

Funds were released and it only took 2+ weeks get my money.

Well that's good news. It sounded more like a bank issue than fraud. I'm glad it worked out for you.

E-transfer with the buyer and seller at the teller worked great for me. Thanks for your post, it made me more cautious.

It was the bank teller that was being difficult in this transaction. He was all up in arms saying that draft "looked correct, but didn't look correct",
he was not accommodating at all on a solution.All he said was "when i was a bank manager, bla bla bla", looking back, I should have just took the bank draft back and not deposited it, and figured it out myself.
It was a learning for me.