Quote:
Originally Posted by Aacosner
If I accompanied the buyer to the buyer's bank and watched them generate a cashier's check, wouldn't that be zero risk even if I didn't deposit it in my bank for another day? Could someone please elaborate if there is even the slightest risk in this approach.
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Yes, if you receive a cashier's check directly from a bank, with your name on the check as the payee, the risk would be zero because the bank has set aside the money to cover the check. But, if you accept a cashier's check from an individual, the check could be counterfeit and worthless. That is why it is best to meet the buyer at his bank.