buy your sailplane scam?

I would also add that one shouldn't accept even a cashier's or bank
check from someone you don't know or who can be verified. There have
been many reports of persons using phony "certified" checks to puchase
expensive cars and boats; and when these checks are out into the system
it may take several weeks for the bank they're drawn to to declare them
false.


Noel Anderson
Canaan, CT

Ask the buyer to do a wire transfer.


noel56z wrote:
I would also add that one shouldn't accept even a cashier's or bank
check from someone you don't know or who can be verified. There have
been many reports of persons using phony "certified" checks to puchase
expensive cars and boats; and when these checks are out into the system
it may take several weeks for the bank they're drawn to to declare them
false.


Noel Anderson
Canaan, CT

wrote:

Hope this helps

It did . Very useful, thanks.

--
martin@ | Martin Gregorie
gregorie. |
org | Zappa fan & glider pilot

Chris Reed wrote:
CHAPS is same day, and guaranteed under Chaps rules the moment it's
acknowledged by the receiving bank.

Unfortunately the equivalent (SWIFT) for international purchases is not
same day (varies with receiving bank) and costs a lot more.

Its a fundamental difference:

CHAPS rules effectively mean the message *IS* the money, which is why
once the message is ACKed the transfer is irrevocable, guaranteed and
has been run through money laundering checks etc. before it is received
at the destination bank's gateway.

A S.W.I.F.T. message is only a message about money and contains no
guarantee until the actual transfer has taken place as the result of
(usually) a bulk settlement via a correspondent bank.

As to costs, if you've ever seen S.W.I.F.T.'s palatial headquarters
outside Brussels that would be no mystery. Even the member banks yelled
when it was built, but S.W.I.F.T. is the only game in town.

--
martin@ | Martin Gregorie
gregorie. |
org | Zappa fan & glider pilot