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Day amp arrives Cashier check returned

Today an amp I shipped across the country arrived safely at it's destination. Oddly enogh while I was at the bank today I was informed that a rather large cashier's check did not clear.

I called the guy up and he answered the phone (good sign) He say's he does not understand what could have happened and will check in to it first thing in the mourning.

My bank say's he may have stopped payment on the cashiers check. They could not give me any other details. Just that I would be recieving the check back in the mail in a few day's

Does this kind of stuff ever turn out good? Or am I screwed?

I will follow up tomorrow.
128x128glen

Showing 2 responses by lakefrontroad

lakefrontroad
302 posts
 
Here in NY it's necessary to bond the stop payment with three times the amount. Banks don't take well to stopping a cashier's check. A statement of fraud or theft or loss is also necesary with all the NY banks I've dealt with.

It's time to start a dispute thread and identify the buyer. You may just be the beginning of another series of theft akin to last summer.

Don't wait to be nice. Protect yourself and the others here on Audiogon.

Bill E.
lakefrontroad
302 posts
 
I always pay and receive large payments by wire transfer. Past the close of business and excepting bank error, there are no reversals.

True freedom is having no other choice. When the money's sent, it's gone.

Good luck, I still believe this should be a dispute resolution with both parties named.

Bill E.
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