You won’t be out the money if the deal falls through, unless your specific bank has some weird policy. It’s best to ask at your bank.
This is the right answer. Tell your bank what you need to do and ask them the best way to do it.
And when someone is right, someone is right.
And YOU are right!
I went into a 7-11 on Brookfield Road in Brookfield, Wisconsin today. Was driving on Capitol Drive and saw the place, so I stopped. Had no other reason to except to satisfy my own curiosity.
Sure enough, their max is, in fact, $500.
For what it’s worth, ever other establishment around here has a 1K limit. This includes the oodles of grocery stores I’ve gotten them from, some liquor stores I [ahem] occasionally frequent, and the dozen or so stop ‘n rob corner convenance stores I’ve bought them from. The 7-11 was the only place out of literally over multiple dozens I have gotten them from that had a limit of only half a K. Weird, and they need to catch up to the times.
But you are right about them.
I suspect the issue with giving a debt collector a certied cheque is that now they know your account number. As I recall from years ago, the bank simply takes one of your cheques, certifies it (stamp or something, and that embossing amount indicator) and puts a hold on the money.
Once a debt collector knows your account, they can use that information for a court order or something if there’s dispute over paying. A cashier’s cheque simply tells them what bank you deal with, if they did not know already.
That must vary a lot depending on where you’re getting it from - my Credit Union does cashier’s checks for $1, or free if they’re $500 or over.
Around here, you can’t hardly give a piano away.
Sorry, didn’t intend to threadshit.
That’s true. Literally last week, someone asked me (by way of a friend of a friend of a coworker) if I wanted a free baby grand. It was in storage, all packed up for moving and they just wanted it gone. If it’s not one of the big names, they’re tough to move, especially household uprights.
Yeah, there are a million crap pianos that folks can’t give away. That’s not what I was after.
mmm
Did you get the piano?
I did and I couldn’t be happier with it. I also hauled away my old piano, destined for the scrap heap. Pretty sad to me that it is worthless.
Regarding my original question the bank assured me - as many of you did here - that if the deal fell through I could just return the cashier’s check to the bank and deposit it into my account.
mmm