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BrianC



Member Since: 15 Apr 2009
Location: central belt
Posts: 1429

Scotland 
Bank transfer …

Is doing a bank transfer safe ?
I've possibly sold my 110 but the guy will only pay via a bank transfer this Saturday.
I would rather have cash in hand but he is not willing to carry the cash

Post #191010 28th May 2013 7:10pm
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wackyjim



Member Since: 11 Aug 2010
Location: Brigadoon
Posts: 2014

Scotland 2011 Range Rover SE TDV8 Santorini Black

Bank transfer is safe just make sure the clear funds show as being credited in your account...and don't part with the car until it does and make no exceptions!! Thumbs Up

Post #191014 28th May 2013 7:24pm
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BrianC



Member Since: 15 Apr 2009
Location: central belt
Posts: 1429

Scotland 

How would that go on a Saturday ?

Post #191017 28th May 2013 7:32pm
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Contraband



Member Since: 08 Nov 2010
Location: FIFE
Posts: 3697

Scotland 

It's still instant at the weekend. Previously..
Vogue SE TD6
Defender 90 2.4
Defender 110 TD5
Vogue 3.5 EFI

Post #191018 28th May 2013 7:38pm
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wackyjim



Member Since: 11 Aug 2010
Location: Brigadoon
Posts: 2014

Scotland 2011 Range Rover SE TDV8 Santorini Black

some online accounts would show a credit on a Saturday some won't...what you cannot allow is for your car to go without having that credit being shown in your account. If the person buying your car cannot see and appreciate that then I would be very concerned, if he is a genuine buyer and really keen then he won't mind waiting until Monday...just my opinion Thumbs Up

Post #191019 28th May 2013 7:39pm
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allycraven



Member Since: 28 Mar 2011
Location: North Craigo, Angus
Posts: 440

Scotland 

Saturdays or Sundays make no difference these days. Personal bank transfers between the major banks take less than 2 hours, sometimes minutes.

That said, there is a limit on the amount that can be transferred using the faster payment service so depends how much he's transferring. Over £10k and I'd be worried it might be a next working day transfer but if less than that you should be OK. '08 Audi S6 Avant 5.2 V10 with Milltek non-resonated. Vrrrrrrmmmmmph
'59 Ford Kuga Diesel (boring but AWD and 40mpg...)
2007 (07) Subaru Forester XTen 2.5 Turbo. (Roundabouts are fun again!)
2007 (07) 4.4 V8 Vogue (gone)

Post #191020 28th May 2013 7:40pm
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BrianC



Member Since: 15 Apr 2009
Location: central belt
Posts: 1429

Scotland 

It's over 10k Confused Think I'll say cash or don't buy it to be safe

Post #191021 28th May 2013 7:44pm
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wackyjim



Member Since: 11 Aug 2010
Location: Brigadoon
Posts: 2014

Scotland 2011 Range Rover SE TDV8 Santorini Black

Cash is King!!! Thumbs Up

Post #191023 28th May 2013 7:45pm
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northernmonkeyjones



Member Since: 24 Mar 2012
Location: derby
Posts: 8620

United Kingdom 2016 Range Rover Autobiography SDV8 Santorini Black

Some banks open on saturdays, you could always accompany him to the bank, and he can get you the cash there and then or a bankers draft, which you can then bank at your leisure. I used to do the banking for my old man's optical practice £20k can fit in a couple of pockets, unless you are being paid in fivers........

Though chaps/bacs is secure i personally would like to see the readies on the day. Certainly the cleared
Funds in your account, before you release the car. There is nothing that can't be fixed with a hammer😜😜
FFRR 4.4 SDV8 Autobiography Santorini Black.
KIA E-Niro 4+
2010 LR D4 Commercial 2.7 TDV6

Post #191025 28th May 2013 7:49pm
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Charmer



Member Since: 28 Aug 2012
Location: Alton
Posts: 156

United Kingdom 2007 Range Rover Vogue SE TDV8 Stornoway Grey

You may well lose the sale.

Personally I would not carry £10k in cash around.

Post #191029 28th May 2013 7:51pm
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Contraband



Member Since: 08 Nov 2010
Location: FIFE
Posts: 3697

Scotland 

If you see the balance in your account then I don't see the problem. Get it done in the morning to allow time for the funds to transfer. And if you have telephone banking give them a bell just to confirm that it is definitely there. Previously..
Vogue SE TD6
Defender 90 2.4
Defender 110 TD5
Vogue 3.5 EFI

Post #191031 28th May 2013 7:55pm
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Alistair



Member Since: 11 Feb 2011
Location: Peterborough / Bordeaux / Andorra
Posts: 7947

United Kingdom 2013 Range Rover Vogue SE SDV8 Santorini Black

You can always accompany him to a branch of his bank and complete the transaction there - handover the V5 & keys.

That way, carrying the cash is your risk.

Post #191037 28th May 2013 8:01pm
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Rotorboater



Member Since: 26 May 2013
Location: UK
Posts: 36

United Kingdom 2012 Range Rover Vogue SE 4.4 V8 Bournville

Cash is a pain to put in the bank, anything over 5k and they have to fill in loads of forms because they think you are a drug dealer, bank transfers are the way to go.

Post #191039 28th May 2013 8:05pm
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JOKER



Member Since: 11 Sep 2008
Location: Sconnie Botland
Posts: 15876

Scotland 

Anyhow £10k in £50 and £100 denominations isn't that bulky if you would rather have cash easily fits inside a jacket pocket Thumbs Up

And if you do a bank transfer don't hand the keys over as Jim says wait till you can actually withdraw on the amount that has been transferred . Thumbs Up

Post #191042 28th May 2013 8:07pm
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GreenBlood



Member Since: 26 Feb 2013
Location: South West London, Surrey
Posts: 84

United Kingdom 2012 Range Rover Westminster 4.4 V8 Orkney Grey

You can also accompany him to his bank and arrange the electronic transfer in the branch. That way you have the assurance of a third party facilitating the transaction. If you don't get stuck then you are not trying hard enough.
2012 FFRR TDV8 Westminister
Gone: Def90 2.8i, Def110 2.8i
Gone: RRC 2-Door and 4-Door, 2007 FFRR TDV8 Vogue
Gone: Aussie Spec D1 V8, D2 V8

Post #191044 28th May 2013 8:09pm
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