Any Australians here that know how the banking system works ?

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  • halfpint
    GFY's Halfpint
    • Jun 2007
    • 15223
    #1

    Any Australians here that know how the banking system works ?

    Hi I am just trying to find out how the Australian banking system works.

    If I sell something to somebody from Australia, And they want to pay by check, Is it true that they have to have the money in their bank accounts before a cheque is issued so this means that the check cannot bounce or be flagged as fraud at a later date.


    Cheers
    Last edited by halfpint; 04-05-2010, 02:27 AM.

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    • georgeyw
      58008 53773
      • Jul 2005
      • 9865
      #2
      nope total bullshit
      TripleXPrint on Megan Fox
      "I would STILL suck her pussy until her face caved in. And then blow her up and do it again!"

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        • georgeyw
          58008 53773
          • Jul 2005
          • 9865
          #3
          unless of course they give you a bank cheque
          TripleXPrint on Megan Fox
          "I would STILL suck her pussy until her face caved in. And then blow her up and do it again!"

            Comment

            • Calico Jack
              Confirmed User
              • Jul 2004
              • 2051
              #4
              Bank cheque, yes. You pay the cash (or have it in your account which the bank draws from) and the bank issues the cheque. A bank cheque is as good as cash.
              Personal cheque, as anywhere, there's nothing stopping you writing a cheque for $1,000,000 even if you don't have the funds.

                Comment

                • halfpint
                  GFY's Halfpint
                  • Jun 2007
                  • 15223
                  #5
                  Ok thanks guys. It works the same as over here in the UK, so the guy is talking bullshit as he said it would be a Personal cheque

                  Cheers

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                    • paymeback
                      Confirmed User
                      • May 2005
                      • 1478
                      #6
                      For a bank cheque they need to have the money in the account and the cheque is issued from the bank, for a regular check its issued by the person so they dont, However i believe a australian bank cheque can only be deposited into another Australian bank account but im not 100% sure. Wire transfer would be a better option imo.
                      ICQ:36-43-49-11

                        Comment

                        • halfpint
                          GFY's Halfpint
                          • Jun 2007
                          • 15223
                          #7
                          Originally posted by paymeback
                          For a bank cheque they need to have the money in the account and the cheque is issued from the bank, for a regular check its issued by the person so they dont, However i believe a australian bank cheque can only be deposited into another Australian bank account but im not 100% sure. Wire transfer would be a better option imo.
                          Cheers

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                            • georgeyw
                              58008 53773
                              • Jul 2005
                              • 9865
                              #8
                              Originally posted by halfpint
                              Ok thanks guys. It works the same as over here in the UK, so the guy is talking bullshit as he said it would be a Personal cheque

                              Cheers
                              Yup tell him to shove the cheque right up his clacker!
                              TripleXPrint on Megan Fox
                              "I would STILL suck her pussy until her face caved in. And then blow her up and do it again!"

                                Comment

                                • Agent 488
                                  Registered User
                                  • Feb 2006
                                  • 22511
                                  #9
                                  getting played again ....

                                    Comment

                                    • halfpint
                                      GFY's Halfpint
                                      • Jun 2007
                                      • 15223
                                      #10
                                      Originally posted by Agent 488
                                      getting played again ....
                                      so many scammers online... I always check when I think something is not right before doing any transactions with people

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                                        • Zorgman
                                          Confirmed User
                                          • Aug 2002
                                          • 6103
                                          #11
                                          I use to get checks from the USA and they take 4 weeks to clear. Some reason they have to send the check back to the USA then have the check sent back again. BS way but makes it fraud proof. However, I have had a couple of checks bounce and then the bank changers me $35 which is even more BS.
                                          ---

                                            Comment

                                            • georgeyw
                                              58008 53773
                                              • Jul 2005
                                              • 9865
                                              #12
                                              Originally posted by Zorgman
                                              I use to get checks from the USA and they take 4 weeks to clear. Some reason they have to send the check back to the USA then have the check sent back again. BS way but makes it fraud proof. However, I have had a couple of checks bounce and then the bank changers me $35 which is even more BS.
                                              This is one thing i've never understood. If I deposit a cheque that bounces - why is it me who pays? It's the payee that is in the wrong.
                                              TripleXPrint on Megan Fox
                                              "I would STILL suck her pussy until her face caved in. And then blow her up and do it again!"

                                                Comment

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