June 10, 2009 at 7:23 pm
#19525
Clay Dowling
Participant
Everyone can write a check, not everyone’s bank account can cash it.
Any bank worth doing business with will be happy to accept a check. You deposit it to your account, funds are available when the check clears. Check clearing is very fast currently, a matter of a few days, not the two weeks it used to take.
Mind you, for a transaction like this I prefer a cashier’s check because it keeps everybody covered.
Cash in the thousands of dollars is okay, but the security problem should not be underestimated. I definitely wouldn’t do this deal in a bad neighborhood with cash, unless I was well-equipped with guns and dogs. With security upping the transaction cost, the bike would need to be pretty special.