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Old 09-25-2009, 07:54 PM   #15
longsuffering
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Be very, very careful. There is a good chance the bank draft will be a fake. Even verifying it over the phone with the issuing bank won't guarantee that you're safe. I know of cases where the drafts are deposited, SEEMINGLY clear, and the seller ships, only to have his bank reverse the transaction a month or more down the road after someone in BoA figured out the draft was a forgery.

I'd advise you to call your buyer and tell him that you will only accept a wire transfer. Those cannot be reversed.
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