Thread: Wire Transfer
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Old 07-03-2020, 08:47 PM   #14
Envious_Ivy1LE
 
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Drives: Krypton Green V6 1LE
Join Date: May 2020
Location: DFW
Posts: 178
I personally would just let the seller have a bank explain cashier's checks to them. They aren't as easily 'voidable' as just calling the issuing bank. Along with notarization of intent to purchase, the buyer (in a legitimate transaction turned fraudulent by the buyer) would be in legal trouble for trying to cancel/stop pay a cashier's check they used to purchase something.

It also doesn't go back into your account for 90 days without you bringing in the original cashier's check. I don't expect fraudsters to want to have money tied up this long. A wire on the other hand is instant (from your account at least) and cannot be cancelled or reversed. Cashier's check essentially removes trust from the equation

https://www.thebalance.com/lost-or-s...need-it-315028
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