MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
Friend of my wife just narrowly avoided a scam recently, selling something expensive via a FB group (which is mostly people who know each other and meet occasionally, not a random marketplace). Buyer was overseas, sent a cheque which cleared....but they'd overpaid and wanted some money refunding - obvs a huge red flag here but seller didn't realise yet..luckily the bank smelt a rat and stopped their repayment. Once we'd heard this detail we..."encouraged" the seller to stop the process.
I'd heard about the possibility of "cleared" cheques actually being later revoked....and a bit of googling finds NatWest saying this can happen for up to *7 years*!!!!
Which seems to make foreign cheques utterly useless for any sort of transaction where you don't have complete trust in the buyer.
