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I recently deposited a cashiers check from Bank of America into my checking account and my bank put a 12 day hold on it before I could access the funds. They explained this was necessary because (1) Bank of America will not verify availability of funds over the phone and (2) Bank of America is notoriously slow when it comes to releasing funds. If the car dealer has had recent experience with cashiers checks from Bank of America, he/she may say no. This was the only question that came close to the question I had but isn't this a bank internal problem not a customer problem. I mean should I be charged $540 because they have an inter bank situation.
What else can I help you with?
Pay for a used car in a cashiers check?
hell yeah
How can you buy a car with cash without being considered a suspicious person in mn?
I would suggest if you have a bank account to deposit it and get a cashiers check for the total amount of the vehicle that you are willing to pay.
What should you do if your car was stolen because the buyer gave you a fake cashiers check?
Talk to the fraud division of the local Police Department.
How to Understand the Basics Of Cashiers Checks?
There are some things in life that can only be paid for with a cashiers check. There’s a good reason for this. Cashiers checks are guaranteed by the bank, meaning that the dollar amount on that check is for sure good. A good many banks will clear this type of check instantly, though there are banks out there that don’t provide this courtesy.The name of the issuing bank will be somewhere on the check, usually at the upper left or center. Tracking information also makes these checks stand out. There is a number that lists the number of the bank issuing the card.You’ll often hear that cashiers checks are treated as cash by most banks and institutions. You heard correct. Because these checks are guaranteed by the bank, almost every bank and institution will accept the cashiers check. They’re often used to make car and house payments because of the reliability of the check.They differ from regular checks in that way. Regular checks come with no such guarantee. Many times a regular check will state an amount that may or may not be in the bank in question. This means that a bank or institution takes a risk when accepting that check and must wait until the check clears to know for sure if it’s good. Cashier checks are good when they change hands because of that all-powerful guarantee.People love to use cashiers checks and people love to receive them because of their reliable nature and the stability of the checks. They hold up their end of the bargain and there’s nothing debt collectors or lenders love more than a check that says exactly how much money they can expect to receive from it.Cashiers checks aren’t always the option for people though, due to the fact that there’s usually a slight charge for them. It’s not an astronomical charge but it’s certainly more than someone has to pay for writing an ordinary check, which is nothing. For most folks, cashiers checks are only used when a lender or institution asks that they be used in order to pay for goods or services. This keeps everyone happy.
How can I use a cashier's check when buying a car?
To use a cashier's check when buying a car, you can request one from your bank for the amount of the car purchase. Then, bring the cashier's check to the seller when completing the transaction. The seller can verify the check with the bank to ensure it is valid before finalizing the sale.
What are the interest rates on Bank of America auto loans?
The interest rates at the Bank of America on a loan for a new car is as low as 2.24%, for a used car as low as 2.29% and for if you want to refinance it can be as low as 2.44%.
Are Bank of America's car loan rates the same for new cars as used?
No, Bank of America's car loan rates differ depending on the situation. On their website, one can find a rate for a new car, used car, or a refinancing rate. Generally, new car rates are lower.
What is the process for obtaining a cashier's check to purchase a car?
To obtain a cashier's check to purchase a car, you need to go to your bank or credit union with the exact amount needed for the check. You will provide the bank with the recipient's name and any other required information. The bank will then issue a cashier's check, which is a secure form of payment that guarantees the funds are available. You can then use this cashier's check to purchase the car.
If you purchased a car from the dealer with a cashiers check that turns out to be fake what can you do if you have the title - do you need a lawyer?
If you dont have one, the court will appoint one for you. The title will prolly be the lesser of your worries.
How does one apply for a Bank of America Car Loan?
If you're looking for a Bank of America car loan, the best place to go is your local branch. There, a representative can help you find the best rates and get your payments set up for you.
How do you get your car title from Bank of America?
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
How can I use a cashier's check to purchase a car?
To use a cashier's check to purchase a car, you can go to your bank and request a cashier's check for the amount of the car. Then, you can give the cashier's check to the seller of the car as payment. Make sure to fill out the check correctly and get a receipt for the transaction.
