I'm not gullible, stupid , or an idiot

[SilentZero]

Originally posted by: ManyBeers

Originally posted by: SilentZero

Originally posted by: ManyBeers

Originally posted by: SilentZero
Nigerian scams is old news, your fault for not ending the transaction as soon as he said he was from there. And yes I was aware that a bank will cash your check and a month later it will come back bad. Happened to me 8 years ago, so thats why I no longer take checks. And I do believe you must be gullible to deal with what sounded like such an obvious scam.

You don't take checks huh. How do you get paid. Doyou write checks?

I haven't recieved a check for work in over 9 years. Its called DIRECT DEPOSIT! Ever heard of it? :roll: That one instance I took in a check from an individual (from a fellow soldier at the time) about 8 years ago, I got screwed. So no checks unless its from family.

Do you write checks???

check my edit

 

[Hammer]

that topic title is wrong. you are all of the above. how could you fall for the nigerian scam? everyone knows the just reverse the charges. its a well known scam.

 

[Toasthead]

im not sure I even know what you are talking about

 

[ManyBeers]

Originally posted by: Hammer
that topic title is wrong. you are all of the above. how could you fall for the nigerian scam? everyone knows the just reverse the charges. its a well known scam.

This not about the "Nigerian Scam" or whatever it is called.It is about the fact that a bank can accept a check from one of it's own customers declare the check good deposit funds and everything and up to a year later after the customer has used said funds change their minds and declare the check a forgery and recall the funds....and tht is LEGAL.****** you

 

[ManyBeers]

Originally posted by: Toasthead
im not sure I even know what you are talking about

Try using the quote function so we know who your responding to. Though I think it is me.

 

[dullard]

Originally posted by: ManyBeers
This not about the "Nigerian Scam" or whatever it is called.It is about the fact that a bank can accept a check from one of it's own customers declare the check good deposit funds and everything and up to a year later after the customer has used said funds change their minds and declare the check a forgery and recall the funds....and tht is LEGAL.****** you

But that silly bank problem is exactly what the Nigerian Scam is based upon! Why do you keep insisting that they are different?

 

Originally posted by: ManyBeers

Originally posted by: SampSon

What did my bank "clear" if not with the issuing bank. What does "clearing" a check mean?

The bank cleared the funds to be deposited into your account from their cash holdings or credit line. They then take that check and send it to the issuing bank to clear it in order to get the funds transferred from that bank to them(your bank). When your bank found out from the issuing bank that the check was fraudulent and did not clear to have the funds released from the issuing bank, they will go back to your account and take back the money they deposited in advance to the check actually clearing with the issuing bank.

Thanks for telling me what i alresdy learned. So the check did NOT clear even though they say it did. In other words they misled me about the true nature of what was going on. What they didn't tell me(or anybody else who isn't aware of it)... is the money has been credited to your account because we have "cleared" the check, but It may come back up to a year from now because we found out the check didn't "clear".

To be fair, like I said the bank teller did explain this to me, and I lost no money. But he shouldn't of had to , because i can't comprehend how this is legal.

No, the check cleared with your bank to deposit funds into your account because it is a cashiers check. By FCC laws the bank has to deposit funds from a cashiers check within 5 days. So it did clear, just internally within your bank due to the fact of the more secure nature of cashiers checks.

I can't comprehend how many things are legal, so what.

 

[ManyBeers]

Originally posted by: SampSon

Originally posted by: ManyBeers

Originally posted by: SampSon

What did my bank "clear" if not with the issuing bank. What does "clearing" a check mean?

The bank cleared the funds to be deposited into your account from their cash holdings or credit line. They then take that check and send it to the issuing bank to clear it in order to get the funds transferred from that bank to them(your bank). When your bank found out from the issuing bank that the check was fraudulent and did not clear to have the funds released from the issuing bank, they will go back to your account and take back the money they deposited in advance to the check actually clearing with the issuing bank.

Thanks for telling me what i alresdy learned. So the check did NOT clear even though they say it did. In other words they misled me about the true nature of what was going on. What they didn't tell me(or anybody else who isn't aware of it)... is the money has been credited to your account because we have "cleared" the check, but It may come back up to a year from now because we found out the check didn't "clear".

To be fair, like I said the bank teller did explain this to me, and I lost no money. But he shouldn't of had to , because i can't comprehend how this is legal.

No, the check cleared with your bank to deposit funds into your account because it is a cashiers check. By FCC laws the bank has to deposit funds from a cashiers check within 5 days. So it did clear, just internally within your bank due to the fact of the more secure nature of cashiers checks.

I can't comprehend how many things are legal, so what.

Then why did I have to wait 5 days? (It may have been more I don't remember) for the check to clear their bank) Why not just give me the money when I first brought it in?. What do you mean it cleared internally within my bank?

 

[DAWeinG]

Thing is... when you signed up for a bank account, you probably didn't read the terms and conditions (who does?) that states that you are held liable for any discrepancies of funds. I bet the check clearing with in 1-5 days by the FDIC is in there and they have a statement used to protect themselves.

 

[FleshLight]

Originally posted by: ManyBeers

Originally posted by: Hammer
that topic title is wrong. you are all of the above. how could you fall for the nigerian scam? everyone knows the just reverse the charges. its a well known scam.

This not about the "Nigerian Scam" or whatever it is called.It is about the fact that a bank can accept a check from one of it's own customers declare the check good deposit funds and everything and up to a year later after the customer has used said funds change their minds and declare the check a forgery and recall the funds....and tht is LEGAL.****** you

Fine print is your friend. Welcome to the adult world.

 

[ManyBeers]

Originally posted by: FleshLight

Originally posted by: ManyBeers

Originally posted by: Hammer
that topic title is wrong. you are all of the above. how could you fall for the nigerian scam? everyone knows the just reverse the charges. its a well known scam.

This not about the "Nigerian Scam" or whatever it is called.It is about the fact that a bank can accept a check from one of it's own customers declare the check good deposit funds and everything and up to a year later after the customer has used said funds change their minds and declare the check a forgery and recall the funds....and tht is LEGAL.****** you

Fine print is your friend. Welcome to the adult world.

What! Yeah I'll bet you have questioned a check cleared by your bank.
Told them even though your telling me the check is good I don't beleive you Bank of America. Keep the money and give me my check back.

 

[cyclohexane]

are you high?

 

[ManyBeers]

Originally posted by: cyclohexane
are you high?

What do you mean "high" no comprende.

 

[BurnItDwn]

Originally posted by: dainthomas

Originally posted by: ManyBeers


"PS If yore bank say check not is valid THEY ARE LYING!!!"

They didn't say it was"Not Valid" they said it "Was Valid". Read the post

As I said earlier, Apology for incnovniencing you kind sir.
Large VERY GOOD check is on the way
God bless you and your family.
Regards,
DR UD. PIUS to drudpius45@yahoo.com

PS If ANYONE say check not is valid THEY ARE LYING!!!

Excellent!

 

[Schfifty Five]

LOL @ manybeers

so many people have explained to him in a civil fashion what he did wrong and any questions he had, and he constantly responds with a condescending tone (aka, an asshat) thinking he's so smart. So smart that he literally fell for a scam.

1. ManyBeers, do you realize that you DID fall for the classic "nigerian" scam? You only came out unscaythed is b/c the nice bank teller informed you of these scams. Had this person not said anything, you would have been royally owned in the anus. So consider yourself lucky and also consider yourself gullible, stupid, and an idiot.

2. When you reply, please stop using hard carriage returns...we have something called "word wrap" and this will automatically carriage return when your sentence gets too long.

It's very annoying when
you type like this. See how I am typing a sentence and
then just hitting enter in the middle? Looks damn
horrible.

3. I hope that in the future you fall for some big scam and lose a lot of money only b/c of your idiotic attitude in this thread.

 

[kingshoc]

Originally posted by: akubi

 

[wischeez]

Originally posted by: Schfifty Five
LOL @ manybeers

so many people have explained to him in a civil fashion what he did wrong and any questions he had, and he constantly responds with a condescending tone (aka, an asshat) thinking he's so smart. So smart that he literally fell for a scam.

1. ManyBeers, do you realize that you DID fall for the classic "nigerian" scam? You only came out unscaythed is b/c the nice bank teller informed you of these scams. Had this person not said anything, you would have been royally owned in the anus. So consider yourself lucky and also consider yourself gullible, stupid, and an idiot.

2. When you reply, please stop using hard carriage returns...we have something called "word wrap" and this will automatically carriage return when your sentence gets too long.

It's very annoying when
you type like this. See how I am typing a sentence and
then just hitting enter in the middle? Looks damn
horrible.

3. I hope that in the future you fall for some big scam and lose a lot of money only b/c of your idiotic attitude in this thread.

Well said Schfifty Five :thumbsup: Best explaination yet

 

[dafatha00]

No no...this can't be real.

 

[MikeyIs4Dcats]

Originally posted by: ManyBeers

Originally posted by: mcvickj
Topic Title: I'm not gullible, stupid , or an idiot

Sure sounds like it to me if your doing business with someone from Nigeria. You are lucky that you had enough will power to not spend the cash. Being stuck holding an empty bag is no fun.

Thats why I am not Gullible, stupid, or an idiot..

are you SURE?

 

[guyver01]

The bank is NOT telling you that the check is good.

They are just telling you that the funds have been given to you. Almost a loan from their own funds, until they receive reimbursment from the issuing bank.

The way banks work is as follows:


Banks have a system of check "clearinghouses." Banks either send checks through the Federal Reserve or use a private clearinghouse to transfer the funds and clear the check.

Banks do business with each other thru Federal Reserve Banks.. it's the Banks Bank.

(1) Bank sends the deposited check to your local reserve bank or clearing house.
(2) Local Reserve Bank or Clearing House sends check to Regional Reserve Bank or Clearing House
(3) Regional Bank or Clearing House sends check to issuing banks local reserve bank or clearing house
(4) Issuing Banks Local Reserve Bank or Clearing House sends check to Issuing bank
(5) Issuing Bank sends money to cover check from issuing account, back to their Local Reserve Bank or Clearing House.

and the money then backtracks the path till it gets to your bank and the funds are restored to their money stores.


Each step can take several days to several weeks.

Clearing Houses & Reserve Banks will make deposits/transactions with each other on Weekly or Monthly Basis... Just like as if you wait till the end of the month to pay your bills.. so do they.


So a forged check can take MONTHS to get to the issuing bank... and then the issuing bank will tell that its fake.


Easiest way to avoid? CALL the issuing bank on the check to verify account and fund availability. The issuing bank (listed on the check face) will tell you in minutes that the account does not exist.