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Old 08-03-2010, 09:08 AM
 
512 posts, read 1,220,109 times
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hi,
i'm selling a car and the buyer is giving me a check for the car.
he said it's a NIH money order....amount is around 13k.

thoughts?
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Old 08-03-2010, 09:16 AM
 
Location: Arlington, VA and Washington, DC
23,565 posts, read 33,287,625 times
Reputation: 32125
Quote:
Originally Posted by sharpie1234 View Post
hi,
i'm selling a car and the buyer is giving me a check for the car.
he said it's a NIH money order....amount is around 13k.

thoughts?
This may be the NIH he is referring to.

https://www.nihfcu.org/

I would clarify if he meant money order or official/cashier check. Because money orders only go up to $1000 in most cases. He may have just meant official check which has unlimited amounts. Your bank will probably hold it for a couple of days before funds are available. If you are wondering, I was in banking for nearly three years (and hopefully back in soon.)
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Old 08-03-2010, 09:27 AM
 
512 posts, read 1,220,109 times
Reputation: 275
yes, it was NIHFCU.
so i guess they can't pick up the car right away since i have to wait a few days for it to clear.
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