A Cashier’s Check May Not Be Good As Gold

As I have been following the FDIC press releases in recent months, I have been amazed at the number of warnings that come out regarding forged cashier’s checks.  They seem to come in bunches – the phonies will show up drawn on 10 or 12 different banks within 24 or 48 hours, then there will be nothing for another several weeks until there is another rash of them. 

As all of us sell more things on Craig’s List and other venues where we don’t know the people to whom we are selling, we are more likely to become the victims of a fake check.  I haven’t heard any solid suggestions on how best to protect oneself – I would probably call my bank before accepting a cashier’s check and ask their guidance.

Has anyone had experience with a bad cashier’s check?  Does anyone have suggestions on how to handle the potential receipt of one?  If so, please share.  You could save someone else from a bad experience.  

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