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Forged Bankers Drafts

Watch sellers should be aware of the possibility of receiving forged bankers drafts when selling their watch.

Forged bankers drafts can look genuine, with authentic looking watermarks and bank branch stamps on them, so sellers should not release the watch until they 've had firm confirmation from the bank that they can withdraw funds safely on the cheque (check with your own account holding branch for details).

Criminals can try to obtain watches with fraudulent drafts relying on the sellers perception that drafts are as good as cash, but banks will not honour fraudulent drafts or drafts that cannot be cleared through lack of funds.

Don't release your watch until you have had confirmation from your own bank that the bank draft is genuine and has been paid by the bank issuing the bank draft. Ask your bank whether the draft has been "given value" rather than "cleared" as it seems there is a difference between drafts being cleared and funds being in the account.

Forged Bankers Drafts

Rado Silver Strape