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Last time I used a check, I scanned the check and emailed it to the seller a fews days before so that his bank could get the check confirmed and make sure the cash was in hold on the check.
I have either recieved, or given cash in all the other transactions that didn't include a bank. |
Originally Posted by Plum_Crazy
(Post 2775860)
Wire transfer is safe and fast. You can verify the funds are in your account before he takes possession of the boat. This is how I bought my boat last fall. I traveled 1300 miles to pick it up. Naturally, the seller was leary of a check. Once I was happy with the boat, I gave the go ahead for the wire transfer. We went together to his bank to sign the title and get the bill of sale notarized.
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Originally Posted by CustomRigger101
(Post 2775942)
only way to do it.... 999% of the time you'll have no probelm.. but wire the money
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I sold a bike to a company in Texas a few years ago they did money transfor to my bank. Then they had someone pick up bike, I overnighted title to them. Worked out good. I picked up a boat this summer and was lucky one of the banks I have an account with had a branch about 20 miles from the seller. I called bank branch frist to see what I needed to bring as it was a long distance away. After deal was made we went to my bank got bank check, than to sellers bank so he could depost check.
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Another option is to go to the buyer's bank with the buyer. Have him purchase a cashiers check at the bank in front of you. That way you know it's a good bank check and not a counterfit.
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Originally Posted by Phil M
(Post 2775954)
Once the wire transfer is received- get the bank to draw you a banck check and move it to another bank - that will stop the reversal of the wrie transfer !
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Originally Posted by Plum_Crazy
(Post 2775860)
Wire transfer is safe and fast. You can verify the funds are in your account before he takes possession of the boat. This is how I bought my boat last fall. I traveled 1300 miles to pick it up. Naturally, the seller was leary of a check. Once I was happy with the boat, I gave the go ahead for the wire transfer. We went together to his bank to sign the title and get the bill of sale notarized.
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Originally Posted by CMC
(Post 2775979)
This is what I am doing right now. The bank said a wire transfer can only be reversed "with cause"... like it went to the wrong account. But to be safe, get the money out and then move it to another bank.
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Yes the movement is exactly my plan.
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My bank recommended either a transfer of Money Order, but hold title until it clears. Which I will probabaly do. He'll have the boat, it is insured and i will send title as soon as I can access the funds.
Should be OK for everyone. |
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