can certified check be bounced back?

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rnxnxus

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Amazon
rnxnxus
Aug 27, 2019 23 Comments

hi guys..

please give some advice, no trolling teasing please...

i sold my used car (NYC) with 21100usd.

1.
i went to TDbank with buyer together and checked he made certified check in front of me.

2.
i reassured to TDbank teller that this certified check can not be bounced back.

3.
i deposited to my santander bank last Thursday, and it was all cleared at the early morning of Last Saturday.

4.
i gave him my signed title, key, and bill of sales. but forgot to ask him to give me a copy. He gave me back my plate.

Is there any possibility that this certified check bounced back...?

also, do i need to ask him to provide me a copy of signed title and signed bill of sales?

i sold this in Nyc... please let me know. Any advice will be much appreciated guys...

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TOP 23 Comments
  • Amazon
    vbjimg

    Go to company page Amazon

    vbjimg
    dafuq u asking, u already have the money and u wondering if it can still bounce?
    Aug 27, 2019 10
    • Amazon
      vbjimg

      Go to company page Amazon

      vbjimg
      for normal checks, strange that the cashing bank’s waiting period still doesn’t wait till it gets the funds lol.
      Aug 28, 2019
    • Bank of America / Product
      Quacky

      Go to company page Bank of America Product

      Quacky
      Most of the time it does, most clearing houses have a 48hr turn around time. So as long as it's a reputable bank it's not really an issue. It's rare for a bank to release it before receiving funds
      Aug 28, 2019
  • Bank of America / IT
    biggie8

    Go to company page Bank of America IT

    BIO
    I have 20+ experience in tech and banking
    biggie8
    I hope you make a new profile before applying for jobs because your common sense is lacking.. it may affect your TC. Then again paranoia is a good trait for a SWE.

    There are alot of fake cashiers check scams but they don't originate at the bank branch. Or could be he took you to a fake TD branch as part of a huge con to get your car? ?
    Aug 27, 2019 1
    • Bank of America / IT
      biggie8

      Go to company page Bank of America IT

      BIO
      I have 20+ experience in tech and banking
      biggie8
      I waa a bit harsh apparently they can still cancel or stop payment on a cashiers check within 1 day so it's not exactly like cash.. But assuming u have their info address etc it seems unlikely to be a scam for 20k.
      Aug 27, 2019
  • Microsoft
    Tier 1

    Go to company page Microsoft

    BIO
    #1 in Prestige
    Tier 1
    If you saw the teller physically create the check, then it’s legit. It won’t bounce.
    Aug 27, 2019 1
    • New
      rnxnxus

      New

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      Amazon
      rnxnxus
      OP
      Thanks so much. This makes me relieved..
      Aug 27, 2019
  • New / Data
    manifold

    New Data

    manifold
    If the check was made in front of you, then very unlikely it will bounce. Otherwise cashiers check fraud is quite prevalent.
    Aug 27, 2019 2
    • New
      rnxnxus

      New

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      Amazon
      rnxnxus
      OP
      Thanks for the comment!!

      So does it mean that this real certified check has no way to be bounced back?
      Aug 27, 2019
    • New / Data
      manifold

      New Data

      manifold
      Pretty much. Unless somehow the bank employee was in on the scam. Certified check scams rarely happen in person though.
      Aug 28, 2019
  • New
    Gned33

    New

    Gned33
    Deposited checks never clear in two days. Instead by law your bank has to make the money available to you in a few days. The clearing process takes weeks.

    Failing to get a copy of sales contract was really bad. If he fails to retiltle and register in his name then if car is involved in an accident you are so screwed.

    Next time for $2000 you take cash, and a signed sales agreement and go to the dmv within him to see that he properly registers the car.
    Aug 30, 2019 0