Safe way of receiving funds ? Is the money there straight away or does it still have too clear, the guy putting funds into my account will be present, not been done over the phone ?

Inter bank transfers are a good way of paying money to someone. If both parties are with the same bank it can be more or less instant but if you are with different banks it take the same time to clear as a cheque (about five days)

Bankers drafts are as good as cash so might be a better option.

[Edited on 11-11-06 by RazMan]

As long as its a UK bank it should be fine.
Its the Bank of King Wonga and the like you have to watch out for.

When I transfer money "online" to my sons account it goes out of my account instantly, but has to clear in his.
We are both with the same bank.

Also, I sold my old Tig to a gentleman on this site and that appeared in my account 4 days later.

hth

Paul G

[Edited on 11/11/06 by 907]

Electronic bank transfers are a great way to pay for things, generally take 2 - 3 days between different banks, but once it is transferred it stays transferred (unlike some cheques I have seen ), it is also completely traceable if legal proof is required, which is nice to know

Cheers

Alex

the bloke used my laptop logged onto his bank and transfered it came up £8000 to C darby

however as he was with a different bank it didnt show in mine till 3 days later

I didnt let him have the car till it showed in my bank

not when that much money is at stake

the fact he lived across the road probably didnt cause to many probs

quote:

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Originally posted by RazMan
Bankers drafts are as good as cash so might be a better option.

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quote:

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Cash is king, simple as.

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quote:

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Originally posted by RazMan


Bankers drafts are as good as cash so might be a better option.

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I once tried to do an 'instsnt' electronic transfer to my son's branch of the same bank (HSBC). It was only £100 and they wanted £20 to do it and could not guarantee same day transfer.
The manager got snotty when I queried the charge as it entailed only a few key strokes to effect.
Eventually I told him to forget it and used the Post Office. £12 charge and guaranteed to be available at the recipient branch in 10 mins.
Just shows how the banks screw you.

hi jon

should be on your account now
mine is emptied

had a good trip home
thanks for the car and care

harm

No problem, welcome too the best kit car site in the World.........

bacs is three day and no charge,
chaps is sameday and normally has has £25-£30 charge and isn't guarenteed and can still take upto 3 days to clear but is very rare not to hit your account by the end of close of business.