Do you accept a bank cheque?

[mike_nofx]

Have you ever sold a car and accepted bank cheque as payment, and handed over the keys before cashing it?

I understand it's not a wise move with a personal cheque, but should a bank cheque be as good as cash?

I have a buyer for a car I am selling coming tomorrow with a bank cheque, I do plan to hand over the car and get to a bank on Monday to deposit to my account. What are the risks?

Also, if the car is comprehensively insured, would the insurance company cover theft with a fake cheque if the seller willingly hands over the keys?