Jon Ison
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| posted on 11/11/06 at 09:27 AM |
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Bank transfers
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 ?
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RazMan
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| posted on 11/11/06 at 09:30 AM |
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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]
Cheers,
Raz
When thinking outside the box doesn't work any more, it's time to build a new box
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stevec
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| posted on 11/11/06 at 09:50 AM |
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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.
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907
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| posted on 11/11/06 at 09:55 AM |
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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]
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ecosse
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| posted on 11/11/06 at 09:57 AM |
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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
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zxrlocost
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| posted on 11/11/06 at 10:18 AM |
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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
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JoelP
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| posted on 11/11/06 at 01:47 PM |
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quote:
Originally posted by RazMan
Bankers drafts are as good as cash so might be a better option.
you will find a lot of people who disagree with that. Easily fakeable. Cash is king, simple as. 
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omega 24 v6
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| posted on 11/11/06 at 02:09 PM |
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quote:
Cash is king, simple as.
Wait till you get a couple of grand in hand and find out it's countrfeit.
Cash is good but it's defo not King.Plus with the new money laundering laws etc I think there is a limit to what you can bank without proof of
where it came from. This could open a can of worms for you that you didn't want or expect to be involved in (money laundering etc)
If it looks wrong it probably is wrong.
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stevebubs
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| posted on 11/11/06 at 03:50 PM |
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quote:
Originally posted by RazMan
Bankers drafts are as good as cash so might be a better option.
BANKERS DRAFTS ARE NOT AS GOOD AS CASH THEY CAN STILL BOUNCE if, for example, the book they are written from is marked as Stolen.
The only thing that is as good as cash is cash. If you're both present, get him to draw it out from his bank, walk up the road and pay it into
yours.
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Confused but excited.
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| posted on 11/11/06 at 05:10 PM |
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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.
Tell them about the bent treacle edges!
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harm
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| posted on 13/11/06 at 06:32 PM |
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hi jon
should be on your account now
mine is emptied
had a good trip home
thanks for the car and care
harm
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Jon Ison
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| posted on 13/11/06 at 06:50 PM |
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No problem, welcome too the best kit car site in the World.........
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marcyboy
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| posted on 13/11/06 at 08:16 PM |
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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.
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