International Cheques

tubthumpin

Hi Peeps

Can an international cheque be stopped if it has already gone in my account but is still awaiting clearing?

The amount is showing as in the Acc balance but not in the available balance which according to the bank is expected to clear mid next week.

Thanks

jonesMUFCforever

Yes it can.
If a cheque has been negotiated then it will be at your risk that it does not bounce whether in the next week or next year!
(There is no clearing cycle for foreign cheques)

tubthumpin

Why would it still be reclaimable after a year?

The amount is awaiting clearing and is for a considerable amount.. I am dubious about it because it is considerably more than what I originally asked for..

No sender details for the payment.

jonesMUFCforever

TAKE CARE DO NOT TOUCH THE MONEY IT LOOKS OBVIOUS THAT YOU ARE ABOUT TO BE SCAMMED!!!!

An international cheque takes longer to clear than a standard british one - this is why the scam works.
For whatever reason you were sent the cheque I bet by the end of the week you will receive correspondence from someone claiming that they have sent you too much money but not for you to worry just send them the difference back.
Eventually the original cheque will be bounced as a forgery and the bank will debit the original amount back from your account ! You will also have lost the amount of the refund a double whammy!!!!

TAKE GREAT CARE - TELL THE BANK- ASK THEM TO CHECK THE VALIDITY OF THE CHEQUE BEFORE YOU DRAW ONE PENNY AGAINST IT.

tubthumpin

1. I wasent sent a cheque...
2. The money was put straight into my account via cheque on the 18th
3. I was expecting a payment but not this much.
4. I approached the company to sell domains
5. The company is massive!
6. I got nearly ten times the asking price!

Can the company reclaim the cheque/money because of a clerical error on their part?

tagq2

(1) How does the bank describe the method by which you were credited? I.e. you say it was by cheque but you didn't get a cheque, so how did your bank get it?

(2) By "not expecting this much" do you mean that you auctioned off a domain and it sold for more than you thought it was worth, or do you mean that you were told you were being sent some amount x but you were sent 10x?

(3) What is the name of the company?

(4) Is the company sending you the money, or is the suspiciously high-bidding seller sending you the money?

Annisele

tubthumpin wrote: »

Can the company reclaim the cheque/money because of a clerical error on their part?

Yes, they can.

tubthumpin

The company I am selling to is based in Germany...

I asked for £3950
I ring the bank and they tell me a cheque to the value of £33k has been put into my acc on the 18th
39.500 euro = 34.400 GBP

£1400 transfer fees???

Exactly £33k no pennies or anything.

The money is showing in my acc balance but is not in the available balance YET.

tagq2

Are you by any chance seriously hoping that someone will not realise that they're missing over £29,000? :-)

The least painful sequence would probably be to (1) find out from the bank the charging/exchange/provenance of this "cheque"; (2) declare the mistake to the bank and the seller and let them deal with reversing it - send absolutely nothing back; (3) arrange a suitable wire method for the correct amount due, taking advice from your bank first and factoring in costs at your end.

If the money was transferred by the buyer rather than the ReputableCompany[tm] (name?), be even more wary. Advance fee fraud is Scamming 101 territory.