[meteorite-list] Question for dealers - accepting foreign checks in the US

From: mafer at imagineopals.com <mafer_at_meteoritecentral.com>
Date: Tue, 09 Aug 2011 19:26:21 +0100
Message-ID: <7ab43af5ad23bb6cc303a22e8e10324a_at_>

It can be done, but watch out. In Kentucky, they can hold the funds for 90
days (and will blame everyone else for it) while they use YOUR money for
themselves.

I am sure other states have similar laws which allow theft like this.


On 4:45:22 pm 08/09/11 Michael Gilmer <meteoritemike at gmail.com> wrote:
> Hi List,
>
> Quick question for the dealers : have you ever heard of a US bank
> accepting a check from an overseas bank? Specifically, a check from
> India from an Indian bank that is affiliated with Bank of America, and
> the check in question will be drawn against Bank of America and can be
> deposited or cashed at any Bank of America?
>
> I ask because I received a request from an overseas customer and the
> request seems legit in other respects, but I am reluctant to deal with
> the kind of stuff where I have to walk in to the bank, speak to a
> supervisor and get it handled - it's a PITA and I'd rather just go
> through the drive-through and get my business done quick. And unless
> this is some form of Cashier's Check, there is no telling how long it
> will take for a check like this to clear and the funds to become
> available.
>
> Best regards,
>
> MikeG
>
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Received on Tue 09 Aug 2011 02:26:21 PM PDT