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
Here's an update,

The buyer called me first thing this mourning with tons of bank info. (Good sign) I talked to the branch manager of the issuing bank. She swears the check is as good as gold and no stop payment was ever issued.

No one on either side can tell me exactly what happened. Until I recieve the check with the formal explination my hands are tied. My bank say's it has mailed the check back to me, so all I can do is wait it out right now

The issuing bank wants to know why the check was returned as does everybody else in the loop. I must say I am very disappointed in how my bank has handled this matter thus far. They don't seem to give a cr*p.

The buyer called me again a few minutes ago for an update. As always he sounded polite and concerned. We talked more about gear than about the bounced check.

This isn’t over yet so stay tuned!!!
Hi Glen

Sorry to hear about the difficulties with selling your amp.
I hope that it all clears up okay for you. Keep us all
posted. I think I can safely say that I speak for everybody
when I say that we all empathize with you.

Regards

James50
Greetings Glen, I sold a pair of cables here on Audiogon once and I received a cashiers check for $450. I went to my bank, Bank of *merica and the cashiers check was also from Bof* and they said there is a stop payment on the check but did not know why. They said to come back Monday. This was on a Saturday. I returned the following Monday and they said the reason a stop payment was placed was because California, where I live, does not have a computer link to Texas, where the cashiers check was from. The Texas branch was already closed due to the time differential and they could not call. They cashed it after calling the issueing branch on Monday. Keep us posted. Good luck!
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.