They issue bank cashier's checks in your name from a bank in the states. As for clearance, it depends on your bank if you decide to deposit it when the funds are available. All are different. If you are intending to try and cash it, also depends are the institution or check cashing means you are trying to use.
oldmanTED said:
hey OMT..hope all is well with you
There is a difference...
When Neteller issues a check, they were NOT Cashiers Checks (clearly printed on the check itself...as good as cash....NEVER a clearing time needed)
that's why i am curious about WSEX...
A Cashiers Check is as good as cash in hand...There should NEVER be a clearing time needed for them.....a regular check from a bank account is a different story
ZZZSpeedster said:
What WSEX issues is a bank check issued in your name. The bank is located on the east coast. My bank will actually cash it on the spot, but all banks have their own policies. If your desire is to cash the check, may I suggest that you contact your local branch and ask them if they will cash a bank check for you.
oldmanTED said:
OMT,
I think we are just mixing terms...
Your initial reply says they issue a cashiers check....If that is the case (and a cashiers check has those words printed on the check) any bank will cash it right away...
Your next reply says it's a bank check in my name....to me that means a regular issued check...which MOST banks consider out of state funds and it would require a 5 business day hold...
I asked WSEX and they told me it will be a cashiers check...and no hold time required....
I am just looking for a definite answer from someone who has actually received one....
I think we are just mixing terms and phrases....I am just asking because I do not like "hold times" and things of that nature...just the nit-picky me....:thumbsup2:
ZZZ,
Not all places will accept cashiers checks as cash in hand. There was a spate of forged/counterfeit cashier checks in the Mid-Atlantic area about 2-3 years ago. Banks and other institutions were very leary of accepting cashier checks for large sums of money without phoning the issuing bank or waiting for the check to clear. The issuing banks knew that this would occur, so getting verification of the checks was normally not a problem.
Chances are you'll be fine with the cashiers check, but don't think it's a 100% lock. You know nothing in the gambling world is.
Not all places will accept cashiers checks as cash in hand. There was a spate of forged/counterfeit cashier checks in the Mid-Atlantic area about 2-3 years ago. Banks and other institutions were very leary of accepting cashier checks for large sums of money without phoning the issuing bank or waiting for the check to clear. The issuing banks knew that this would occur, so getting verification of the checks was normally not a problem.
Chances are you'll be fine with the cashiers check, but don't think it's a 100% lock. You know nothing in the gambling world is.
Labeeb said:
Thanks for the reply...
I actually did ask a few weeks ago...
I was told a cashiers check/certified check will be cashed/money available on the spot...
A regular issued check, in my name, from the companies account, would take 5 business days "hold"...
That's the reason I am trying to find out a definitive, absolute answer
best regards
ZZZSpeedster said:
ZZZ:
I just looked at copies of the issued checks I've received from WSEX and nowhere on the check does it say "cashiers check". The checks are issued from an Investment Bank in Antigua with funds drawn on Bank of America, New York Branch. Not sure that I can provide much more information, but hopefully this helps you a little more.
oldmanTED said:
OMT,
First thanks for taking the time to check
secondly...that does help because you can then take that check to any Bank of America branch and they will cash it....(if all of their checks are drawn by BOA....)
so...in essence...that is just as good...we have BOA branches locally, so you can just take it in, and boom they will give you cash (whether or not you have an account there)
:thumbsup2:
