WARNING - if you are selling your car!!
07 December 2003, 07:17 PM
#1
Scooby Regular
Thread Starter
Just seen this scam:-
You advertise your car and you get a contact from abroad saying they want to buy your car for the full asking price PLUS an amount for your time and effort to help channel funds through a UK bank account.
Yes, you may say, you would be put on alert and wouldn't get caught out ... but listen on ..
They say (for example) they will give you £10,000 for your car by cheque, but they will send a cheque for £30,000 for you to pay into your UK account. Once the cheque has cleared, 4 days?, then you will transfer by bank transfer (something western?) £20,000 to their account.
Of course when your bank tells you that the cheque has cleared you are over the moon, you transfer the money, someone comes and takes the car, that same day, with a receipt from you - they then have legal ownership.
Low and behold on the SEVENTH day the cheque is found to be a fraud and you are in hock and in the ****!!! No car and no money!
The reason, apparently, is that UK Banks will clear a cheque if it has been 4 days since paying in ..... BUT, it takes a minimum of 7 days to discover a cheque from abroad is duff - by which time the money has gone and so has your car!!
HSBC and Barclays are letting their customers off the debt BUT LloydsTSB are making customers honour their commitments!
Watch Out!!!
Pete
You advertise your car and you get a contact from abroad saying they want to buy your car for the full asking price PLUS an amount for your time and effort to help channel funds through a UK bank account.
Yes, you may say, you would be put on alert and wouldn't get caught out ... but listen on ..
They say (for example) they will give you £10,000 for your car by cheque, but they will send a cheque for £30,000 for you to pay into your UK account. Once the cheque has cleared, 4 days?, then you will transfer by bank transfer (something western?) £20,000 to their account.
Of course when your bank tells you that the cheque has cleared you are over the moon, you transfer the money, someone comes and takes the car, that same day, with a receipt from you - they then have legal ownership.
Low and behold on the SEVENTH day the cheque is found to be a fraud and you are in hock and in the ****!!! No car and no money!
The reason, apparently, is that UK Banks will clear a cheque if it has been 4 days since paying in ..... BUT, it takes a minimum of 7 days to discover a cheque from abroad is duff - by which time the money has gone and so has your car!!
HSBC and Barclays are letting their customers off the debt BUT LloydsTSB are making customers honour their commitments!
Watch Out!!!
Pete
07 December 2003, 07:23 PM
#2
Scooby Regular
Yeh, heard about this one a few times now - barstools [img]images/smilies/mad.gif[/img]
Keep you wits about you people.....
Dan
Obviously Pete, tis applies to you moreso - being old and impressionable
Keep you wits about you people.....
Dan
Obviously Pete, tis applies to you moreso - being old and impressionable
07 December 2003, 08:12 PM
#4
Scooby Regular
Thread Starter
Thanks Dan!! 
Andy, yes true - BUT - would you have before you read this? I would have assumed that when I went into the bank and the cashier said, 'Its been 4 days and it's now cleared funds Sir' that everything was ok?
It beggars belief!
Pete
Andy, yes true - BUT - would you have before you read this? I would have assumed that when I went into the bank and the cashier said, 'Its been 4 days and it's now cleared funds Sir' that everything was ok?
It beggars belief!
Pete
See your point though. Just suggesting a good idea to p!ss off these foreign fraud *******.
07 December 2003, 09:43 PM
#7
Scooby Regular
Join Date: Feb 2001
Location: The Ghost Town. Drives RS6
Posts: 1,821
Likes: 0
Received 0 Likes
on
0 Posts
I'd snap their hands off.
Once their cheque has cleared I would withdraw all the cash, and tell the skanking ******* to **** right off, and go and get lashed
Once their cheque has cleared I would withdraw all the cash, and tell the skanking ******* to **** right off, and go and get lashed
Trending Topics
07 December 2003, 11:06 PM
#9
Scooby Regular
Join Date: Nov 2002
Posts: 122
Likes: 0
Received 0 Likes
on
0 Posts
I had a few hold ups with cheques cleaaring when I had to sell my Scoob - HSBC (the local bank!) told me they could never fully guarantee a cheque but after 7 days should be ok.
[Edited by ThePosh - 12/7/2003 11:09:20 PM]
[Edited by ThePosh - 12/7/2003 11:10:15 PM]
[Edited by ThePosh - 12/7/2003 11:09:20 PM]
[Edited by ThePosh - 12/7/2003 11:10:15 PM]
but would ANYONE here sell your car to someone from abroard paying by CHQ
07 December 2003, 11:24 PM
#11
Scooby Regular
Thread Starter
Well, yes, actually
Doesn't matter where the money comes from - and if the bank says that the cheque has cleared I would let my car go too
I really don't think this is a case of the stupid getting caught
Pete
Doesn't matter where the money comes from - and if the bank says that the cheque has cleared I would let my car go too
I really don't think this is a case of the stupid getting caught
Pete
08 December 2003, 12:34 AM
#12
Scooby Regular
Join Date: Mar 2001
Posts: 628
Likes: 0
Received 0 Likes
on
0 Posts
HSBC and Barclays are letting their customers off the debt BUT LloydsTSB are making customers honour their commitments!
I know who I'd rather ******* be with
08 December 2003, 05:58 PM
#16
Scooby Regular
Join Date: Jul 2003
Location: yeah like ~I'm gonna put it on here and tell you !!!!
Posts: 448
Likes: 0
Received 0 Likes
on
0 Posts
must admit, I'd probably fall for this !! Just asked my Mrs who USED to work for WatNest, says it could take upto 30 days !! (she's been left bank for couple years now mind.
IMHO, we'd just think £££££ signs and if the bank says it's there it's there right ???
IMHO, we'd just think £££££ signs and if the bank says it's there it's there right ???
09 December 2003, 02:19 PM
#17
Scooby Regular
Join Date: Oct 2003
Posts: 44
Likes: 0
Received 0 Likes
on
0 Posts
If you just pay in a cheque in the normal way, you cannot assume it has definitely "cleared", in the sense of payment being guaranteed, after ANY number of days.
The reason is that if it is returned unpaid by the bank on which it is drawn, this is generally done by first class post. So it is entirely possible that a cheque could be returned unpaid but delayed in the post, and comes back out of your account a week, or more, later.
You have to be especially wary of this around Christmas time due to inevitable postal delays.
The only way to guarantee that a cheque has been honoured is to get it Specially Presented - which your bank will charge for, but at least they will get a definite answer from the bank on which the cheque was drawn.
People tend to confuse clearance for the fate of the cheque with clearance for interest purposes, which is simply where your bank starts to give you credit interest after a certain number of days, on cheques you have paid in. Typically a bank will class a cheque as cleared for interest purposes two or three days later, but as I say this bears no relationship to whether or not the cheque has been honoured.
A daft system, I know, and one which the banks would prefer people not to know about, since it could undermine public confidence in the archaic cheque clearance "system".
Hope this helps.
The reason is that if it is returned unpaid by the bank on which it is drawn, this is generally done by first class post. So it is entirely possible that a cheque could be returned unpaid but delayed in the post, and comes back out of your account a week, or more, later.
You have to be especially wary of this around Christmas time due to inevitable postal delays.
The only way to guarantee that a cheque has been honoured is to get it Specially Presented - which your bank will charge for, but at least they will get a definite answer from the bank on which the cheque was drawn.
People tend to confuse clearance for the fate of the cheque with clearance for interest purposes, which is simply where your bank starts to give you credit interest after a certain number of days, on cheques you have paid in. Typically a bank will class a cheque as cleared for interest purposes two or three days later, but as I say this bears no relationship to whether or not the cheque has been honoured.
A daft system, I know, and one which the banks would prefer people not to know about, since it could undermine public confidence in the archaic cheque clearance "system".
Hope this helps.
Thread
Thread Starter
Forum
Replies
Last Post
ossett2k2
Engine Management and ECU Remapping
15
23 September 2015 09:11 AM