Quote:
Originally Posted by trublu
Big difference between a bank cheque & normal cheque is a bank cheque is issued by bank teller who knows you have sufficient funds in your account to cover the cheque otherwise bank won't give you one, any person can write a normal chegue whether they have money or not in account.
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I know of banks that have cancelled their own bank cheques as they were issued incorrectly, person did not have cleared funds in their account
In this day and age cleared transfers of money or cash handed over are the only way to ensure you actually receive $ in exchange for your car.
There's nothing to stop someone getting a bank cheque to pay for your car then reporting it lost and getting funds re credited to them. They still have the cheque and could hand it over to you for your car, a worthless piece of paper