money wire

jroymcd · Posted: Tue Jun 17, 2008 9:34 am Post subject: money wire

How safe is it to have money wired directly into your bank when selling a car?

Anyone done this? did it go smoothly? how long does it take to clear?

just a little paraniod with all the scams out now.
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my65vert · Posted: Tue Jun 17, 2008 9:48 am Post subject:

I did it. The money was wired right to my account from a guy in the UK. No problems.

I would probably run a search on here and see if there has been any feedback for the buyer first?
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Rich's 50 · Posted: Tue Jun 17, 2008 9:50 am Post subject:

I think it is one of the best ways to do business. I have never had an issue with either wiring it to somebody's acct or somebody buying and wiring my acct. The money is ready right there and then......

Behemoth · Posted: Tue Jun 17, 2008 10:15 am Post subject:

It is extremely easy but remember once they have your account # they can withdraw or deposit. My banker set me up a "virtual" account and once the money was there she transferred it into my regular account. Just to be on the safe side.
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Rich's 50 · Posted: Tue Jun 17, 2008 10:21 am Post subject:

EverettB · Posted: Tue Jun 17, 2008 1:53 pm Post subject:

This is the safest way.

They cannot withdraw money, only deposit.
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Rich's 50 · Posted: Tue Jun 17, 2008 1:57 pm Post subject:

EverettB · Posted: Tue Jun 17, 2008 2:11 pm Post subject:

splitpile · Posted: Tue Jun 17, 2008 2:29 pm Post subject:

I always ask for the persons bank info first (if I don't know them), my bank will then verify the account before I give them my info. Have never had a problem except the person sending money lying about it being sent when they said. It does eventually show up, seems they try to buy some time being sending.
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Rich's 50 · Posted: Tue Jun 17, 2008 2:43 pm Post subject:


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