Archived posting to the Leica Users Group, 2002/07/31
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]One shydders to think what would become of the Canadian banking system and every other banking system on the planet if such were really a concern or the case.... Mark > Bummer. However, I would suspect the real > reason is your bank is looking for > an excuse to earn a little extra interest on > your funds. Sounds like > something an American bank would pull! > > Regard, > Doug > > ----- Original Message ----- > From: "Tim Atherton" > To: > Sent: Wednesday, July 31, 2002 4:17 PM > Subject: [Leica] Selling to the US... > > > > I often buy and sell photo stuff on Ebay and > came across an interesting > > situation yesterday. > > > > I had sold a lens and got payment in $US in > the form of a Bank cashiers > > cheque. > > > > I have always accepted payment in this form > or a Bank Money order and > > have ahd no problem paying them into my > Canadian bank (same with > > regular cheques from clients like the NY > Times etc). > > > > At most, the bank put a 3-5 day hold on the > cheque, though as a valued > > customer this was usually waived. > > > > Yesterday I found there is a 14 day hold on > all such transactions - > > reason given - the uncertain and > untrustworthy standing of US financial > > instituions as a result of Enron, Worldcom, > Johnson & Johnson, now AOL- > > Time Warner etc. > > > > Wow - never thought this stuff would impact > my Ebay sales.... > > > > Tim > > > > -- > > To unsubscribe, see > http://mejac.palo-alto.ca.us/leica-users/unsub.html > > -- > To unsubscribe, see > http://mejac.palo-alto.ca.us/leica-users/unsub.html > - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html