Quote:
Originally Posted by daveycooper
I have someone coming to buy a car from me next week for £5000.
They ideally want to pay me by electronic means.
Any check I can or need to do with the bank?
|
David, I find that anything involving banks is fraught with unexpected problems. To begin with, when I tried to transfer a large amount of money between accounts using on-line banking I discovered that there was a limit of £3,000. Your buyer will need to ask his bank about this in advance of turning up on your doorstep.
Secondly, even if 'Faster Payments' can be used, in theory this can take two hours; not very practical if your buyer is expecting to be able to drive the car away.
You could adopt the dealers' methods; ask for a deposit in advance, paid by electronic means. You would then have evidence that the system works (or doesn't) before the sale is finalised.
Simon