| Madmav - Ouch! Ive had a lot of those emails asking for my address for a cheque to be sent and wondered exactly what they were upto. Thought it was a process of obtaining personal information but now see its much more simple.
A lot of people are getting cought out with releasing the goods after their bank tells them the cheque has cleared after three or four days. There have been a few horror stories in the press recently about people releasing cars on the strength of 'cleared cheques' only to see them bounce a week later (or forged bankers drafts which 'clear' then get sent back by the supposed issuing bank). Each time the banks have refused to be liable for any losses as they say it is normal procedure to confirm a cheque has 'cleared' if you ask - but this does not mean it cant still bounce. It just means at this point the cheque exists to attract interest payment. |