Personal Checks

Finally, SGG accepts personal checks. However, verifying that personal checks have cleared has become a nightmare as more banks, citing "client privacy," refuse to verify that checks have cleared. And, the list of banks that will not verify check clearance continues to grow. If your bank will not verify that your check has cleared, we wait at least 21-30 days before shipping. Therefore, if you are eager for a "quick shipment," please be prepared to pay by wire transfer. (Some banks will not even verify that cashier's checks have cleared!) SGG's' 14-day policy on personal checks may frustrate some buyers because they often can learn online (or by calling their banks) that the checks they wrote cleared in only two or three days after SGG's deposited. Those buyers ask why we simply do not ask our bank if the check has cleared. This does not work because it is a feature of the banking industry that the bank submitting the check (SGG's bank) does not know if a check clears.

The submitting bank only knows a check is bad when it comes back through a cumbersome system, nothing like today's near lightning-fast clearing system. Sometimes, though, we get phone calls informing us that checks are coming back, but we cannot rely on that happening.

The only time that "non-verifying" banks become cooperative is when we tell them that we suspect check fraud. Then, banks will even call their account holders to confirm that they wrote the checks.

When verifying checks, we not only verify that the check has cleared, but we confirm with the bank that the address imprinted on the check is the address on file with the bank. In cases where investors have checks without their addresses imprinted, we can ship only to the address the bank has on file. In such case, we go to extreme measures to verify that the check is validly issued.

If the check is large (or if we believe it necessary), we will have a bank employee verify with the customer that he or she actually wrote the check. Attempted check frauds have made these precautions necessary. As noted, when we tell the banks we are trying to avoid check fraud, they become more cooperative. Although some precious metals dealers accept only wire transfers or cashier's checks, SGG's recognizes that making a trip to the bank is a great inconvenience for many people. Therefore, as long as we can safely accept personal checks, we will do so.

However, if your bank will not verify that your check has cleared, we wait at least 21 days before shipping. Mail checks to:

Superior Gold Group LLC 233 Wilshire Blvd, Suitte 400 Santa Monica, CA 90401

(For further privacy, checks may be made payable to SGG ) SGG does not accept third party checks.

Contact Superior Gold Group today: 1.888.969.6465