B.C. couple puts deposit on electric truck only to learn it would be $10,700 more when it arrives Consumer Matters reached out to TD Bank on Daem’s behalf.TD has since issued Daem an apology along with a cheque for $12,305.44.TD stating:“Like cheques, bank drafts can also be forged.
It’s always important to know who you’re doing business with, whether you’re sending or receiving money. Be cautious when engaging in any financial transaction with someone you don’t know.” Also adding:“Bank drafts are validated once they’re deposited and processed by the negotiating institution and can be returned if found to be counterfeit.
If accepting a bank draft as payment, it’s advisable to wait until the draft has cleared and the money has been confirmed before completing a sale.” Daem said despite TD’s apology, he won’t be using bank drafts in the future. “Be very careful.