Po­lice warn mo­torists about crim­i­nals us­ing cheque con to ‘buy’ cars

7 Days in Dubai - - EVENTS -

“You can ask for a cashier cheque from the bank... this is very com­mon in the States. The per­son writ­ing the cheque goes to their bank and they is­sue you a cashier cheque in the re­cip­i­ent’s name and re­move the funds from the ac­count... thus it’s like the bank wrote you the cheque.”


“Then don’t re­ceive cheques on Thurs­day un­til you have con­firmed it’s va­lid­ity and the money is with you, that’s when you can fi­nally hand over the pur­chased as­set to the buyer. Re­ceive cheques on Sun­day.”


“Maybe... just maybe... it’s time to re­tire the an­cient chequing sys­tem?” JAMES DE VILE

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