this post was submitted on 27 Feb 2024
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[–] [email protected] 12 points 9 months ago (1 children)

For large sums of money, it's pretty common to use cashier's checks, which is probably the kind of check that they're talking about here.

[–] [email protected] 3 points 9 months ago (1 children)

Aren't especially for large sums these very risky? I mean you could lose it or they won't believe it's real.

[–] [email protected] 3 points 9 months ago

Cashiers checks aren't risky. If the bank they deposit the check at doesn't think it's real, they could still deposit it with a check hold.

After that you wait until either the check clears or it gets rejected, and that usually comes with a fee. So banks probably don't mind the extra fee income