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Manager's check - puwedeng tumalbog?

Hanauma · 11 · 11091

Hanauma

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on: Sep 27, 2014, 01:36 PM
Manager's check - puwedeng tumalbog? I read this as good as cash.  Where do I get/request for one?


nanay

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Reply #1 on: Sep 27, 2014, 04:02 PM
@Hanauma, a bank's manager's check is guaranteed  by the bank and is indeed as good as cash.  Sana nakatulong.


Jayumaster

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Reply #2 on: Sep 27, 2014, 04:09 PM
You can buy at your bank. (remember that it has fees involved unlike a normal check)

How a manager's check bounces
1.   Payer bought check.
2.   Payer gave payee the check.
3.   Payer reports lost check to bank (before payee en cashes check)
4.   Payee's check bounces.
  Repercussions:
   4.1 payee files report.
   4.2 Bank investigates
   4.3 lagot kang payer ka.  just Kidding :harhar:


Hanauma

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Reply #3 on: Sep 27, 2014, 05:23 PM
@jayumaster @ nanay thanks for the response

paano kaya ma-avoid yung ganun scenario na mag claim yung payer na nawala nga ang cheke as describe ni @jayumaster at hindi mabayaran yung payee pero Inabot talaga ni payer yung managers check kay payee? Can the payee call the manager to verify it is good and clean before receiving the check from the payer?
 
What would be the best way to avoid this possible situation of false lost report of check?


Jayumaster

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Reply #4 on: Sep 27, 2014, 10:34 PM
Joke lang po yun ha mam/ser...
Most of the time ang manager's check, nakaspecify ang name ng payee. kaya kung sayo ito nakapangalan at kumpleto ka ng valid identification documents ay sure money ito. Sira-ulo lang gagawa nung sinabi ko dahil gumawa lang sya ng sarili niyang problema.  :help:


Hanauma

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Reply #5 on: Sep 28, 2014, 02:18 AM
@jayumaster what you brought up could still really happen especially kung hindi mo kilala yung payer with really dishonest intention...ngayon ang legal na tanong would the check would be further cleared once deposited by the payee kahit ini-report ni payer na lost yung manager's check?  I have a feeling it would side the payer rather than the payee if this is the case...tama nga ba?  Kawawa yung payee...if this is the case, what extra steps can the payee do to avoid this hassle?  What I could think of is to accompany the payer by the payee at the bank where the managers check is cut, payer request for the managers check, let the bank manager hand to the PAYEE yung freshly cut managers check, then payee readily deposits the handed over managers check to the payee's account on the same bank.  The payee has to have an account in the same bank as the payer for this to work to assure walang talbugan ng cheke.  Would this work as a foolproof method of payment especially for real estate settlement cash payment?  What do you guys think?


Jayumaster

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Reply #6 on: Sep 28, 2014, 09:33 AM
@Hanauma
Good morning po. Ito po ang pagkakaintindi ko sa bagay na ito. ( di po ako expert, naka-experience lang dati)

Most of the time, not necessarily na dapat may account ka kasi ang manager's check ay parang gift check na bibilhin mo.

Ibig sabihin, ang pera ay nasa banko na at di tulad ng normal check na nakadebit lang sa account mo.

Ginawa ang MC para sa mga taong ayaw magmaintain ng checking account at ayaw magbitbit ng malaking pera para sa bayaran dahil siguro sa security reasons.

Kapag sabay pa kayo ni payee sa bank, madedefeat ang purpose nito kasi pwede naman pala magwidthraw ng pera at iaabot sa payee. Ginagamit talaga ang MC kapag magmi-meet lang kayo someplace else.

Kapag nawala ang MC, most of the time the bank asks for a notarized Affidavit of loss. Meaning kapag in bad faith ka at nagsinungaling kang nawala tapos biglang mag-eencash si payee (na nakapangalan sa kanya) Siyempre alam na agad ng bank ang kalokohan mo kaya estafa kaagad ang kaso mo.

Isa pa po pala, ang nawalang MC ay hindi ganoon kadali papalitan o i-convert back to cash, MOSTLY parin, (hehe) ang ipapalit nilang MC ay nakapangalan parin kay Payee. (meaning hindi nila maibibiay sa iba)

Next, Kung sa real estate gagamitin, meaning abutan kayo ng MC at deed of sale/power of attorney at kadalasan ngayon ang deed of sale ay ginagawa sa Notary Office. Wala ng proxy-proxy sa deed of sale, most notaries require both parties present. (meaning kailangan legal ID's, proof of residence atbp.) kung lolokohin ka ng kadeal mo, ang dami mong bala laban sa kanya.

Next again, kung sa di inaasahang pagkakataon ay naloko ka nga, maaari kang magsampa ng reklamo at magdemanda para mapavoid ang deed of sale. Hindi naman agad-agad naitra-transfer ang land title dipoba? Makakasuhan na sila ng Estafa, mawawala pa sa kanila ang lupa, mawawala pa sa kanila ang pera dahil i-hohold ito ng bank. (remember, di nagrerefund agad-agad ang bank ng lost MC's)

At kahit na di inaasahang FAKE ang MC na natanggap mo, maaari paring gawin yung above moves.

Huwag po kayong magalala mam/ser, ang MC na tatanggapin ninyo ay secured. I hope magka-close na kayo ng ka-deal ninyo, sana nakatulong and have a nice day po. :watchuthink:


Jayumaster

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Reply #7 on: Sep 28, 2014, 09:47 AM
Dagdag ko lang po, ang purpose ng MC ay ganito:
Igina-guarantee ng bank ang check, meaning banko ang nakapirma at hindi ang payor.
Meaning nidi ito ganon kadali mai-cancel. maraming requirements ang bank para maicancel ang MC. Mas magastos, minsan humuhingi pa sila ng bond mula sa payor para protektahan ang pangalan nila.

Remember, hindi ang payor kundi ang bank ang nag-gaguarantee ng MC. Sinong banko ang sisirain name niya?

Bukod sa affidavit of loss, minsan humuhingi pa ang bank ng affidavit of non-payment mula sa payee para mapalitan ang MC.

Again good day po and happy business doing... :rakenrol:


Hanauma

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Reply #8 on: Sep 28, 2014, 11:30 AM
@Jayumaster Maraming salamat sa iyong mga replies.  I'm sure makakatulong ito sa pagunawa ng managers check.  FYI, dito sa states kasi may escrow account pa for real estate settlement, extra step, extra bayad pa for cash payments which seems unnecessary kung meron dito na manager's check which is guaranteed ng bank.

May maximum limit ba ang manager's check?


hakaw

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Reply #9 on: Sep 28, 2014, 12:15 PM
The only reason I know para tumalbog ang MC ay fake ito.  :D


Jayumaster

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Reply #10 on: Sep 29, 2014, 02:20 PM
Alam kopo dati ay walang limit yan. (DATI!) At isa pa po pala, may time limit (I forgot what they call it) ang pag-eencash nyan depende sa banks. Meron din po ditong escrow acct. mostly ginagamit ng mga contractors kapag may projects. Wala akong masyadong alam doon. :hello:


 


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