ALL funds by wire transfer ONLY. Cashier checks and money orders can be forged and checks can bounce but a wire transfer is like cash in hand, better really since you don?t have to fill out the government forms for transactions of more than $5,000 cash.
A wire transfer transaction is TRACEABLE - it IS CASH upon reciept. The sending bank is responsible for the authentication of the funds being sent so IF they do arrive and funded to your account your bank and you are not liable for fraudulant wire transactions. The sending bank is.
In todays ever changing checkless society and international footprint the only way to go is "know your client" or accept funds transfered by wire. Ata boy Wayne good advice!!!! 33.4 yrs
banking experience here
Will
