How long do you wait for a check to clear


Hello, I'm selling some equipment for several thousand dollars. I told the buyer that I would take a personal check and send the equipment after it clears. My bank said that they couldn't tell me when it cleared, only if it was returned. They said that in most cases it should be ok in 10 business days. I'm not sure when to ship the equipment Does anyone have any experience with this? Help!!
bwos

Showing 1 response by elsneb

Wire transfer is the only safe way according to my bank. Certified and personal checks can both be stopped in 30 days. My bank said send Certified for payments and I can stop payment with a phone call. If the person wants the gear, send back the check and ask for the bank transfer. You have too much to risk and not worth the hastle.