Wire Transfers

[MikeW]

I sold a guy a car and he wants to make a wire transfer of the funds into my banking account. This is new to me although I know its done. For those of you who have sold Studebakers this way, any risks I should be aware of?


Mike
www.packardhawk.com

[DEEPNHOCK]

Talk with your banker.
Make sure your account can only have deposits made and not withdrawls made.
You might be able to open up a separate bank account for just this transaction, and then close it when the transaction has been completed.
I get nervous any time anyone has access to my account number, so your concern is justified.
Jeff[8D]

quote:Originally posted by MikeW

I sold a guy a car and he wants to make a wire transfer of the funds into my banking account. This is new to me although I know its done. For those of you who have sold Studebakers this way, any risks I should be aware of?


Mike
www.packardhawk.com

[DEEPNHOCK]

Talk with your banker.
Make sure your account can only have deposits made and not withdrawls made.
You might be able to open up a separate bank account for just this transaction, and then close it when the transaction has been completed.
I get nervous any time anyone has access to my account number, so your concern is justified.
Jeff[8D]

quote:Originally posted by MikeW

I sold a guy a car and he wants to make a wire transfer of the funds into my banking account. This is new to me although I know its done. For those of you who have sold Studebakers this way, any risks I should be aware of?


Mike
www.packardhawk.com

[JDP]

Absolutely the beat and safest way to get paid. I've received dozens of payments that way.

JDP/Maryland
63 R2 SuperHawk (Caesar)
spent to date $54664,75
64 R2 GT (Sid)
spent to date $62,839.60
63 Lark 2 door
51 Commander
39 Coupe express
39 Coupe express (rod)

[JDP]

Absolutely the beat and safest way to get paid. I've received dozens of payments that way.

JDP/Maryland
63 R2 SuperHawk (Caesar)
spent to date $54664,75
64 R2 GT (Sid)
spent to date $62,839.60
63 Lark 2 door
51 Commander
39 Coupe express
39 Coupe express (rod)

[oltrknut]

It is very simple for him him to fed X a certified check , next day delivery , no risk to you that way, funds verified before they come for rig , STAY SAFE.

[oltrknut]

It is very simple for him him to fed X a certified check , next day delivery , no risk to you that way, funds verified before they come for rig , STAY SAFE.

[Dick Steinkamp]

quote:Originally posted by oltrknut

It is very simple for him him to fed X a certified check , next day delivery , no risk to you that way

FAR less risk with a wire transfer than with a cashier's check. There is NO way anybody can make a withdrawal from your account with the info needed for a wire (routing number and account number...BTW, these numbers are on EVERY check you write).

A wire transfer is the safest, cheapest, fastest, most trouble free form of accepting money for a car.

[Dick Steinkamp]

quote:Originally posted by oltrknut

It is very simple for him him to fed X a certified check , next day delivery , no risk to you that way

FAR less risk with a wire transfer than with a cashier's check. There is NO way anybody can make a withdrawal from your account with the info needed for a wire (routing number and account number...BTW, these numbers are on EVERY check you write).

A wire transfer is the safest, cheapest, fastest, most trouble free form of accepting money for a car.

[JDP]

The only down side is your bank might charge you a $10-$15 bank fee if it's a foreign transfer. I love it because it's near instant and 100% secure. Most serious collectors both pay and receive payments that way.

JDP/Maryland
63 R2 SuperHawk (Caesar)
spent to date $54664,75
64 R2 GT (Sid)
spent to date $62,839.60
63 Lark 2 door
51 Commander
39 Coupe express
39 Coupe express (rod)

[JDP]

The only down side is your bank might charge you a $10-$15 bank fee if it's a foreign transfer. I love it because it's near instant and 100% secure. Most serious collectors both pay and receive payments that way.

JDP/Maryland
63 R2 SuperHawk (Caesar)
spent to date $54664,75
64 R2 GT (Sid)
spent to date $62,839.60
63 Lark 2 door
51 Commander
39 Coupe express
39 Coupe express (rod)

[Dick Steinkamp]

quote:Originally posted by DEEPNHOCK

I get nervous any time anyone has access to my account number,

Your account number is on every check you write. You must be ONE nervous guy!

[Dick Steinkamp]

quote:Originally posted by DEEPNHOCK

I get nervous any time anyone has access to my account number,

Your account number is on every check you write. You must be ONE nervous guy!

[MikeW]

I figured it had to be pretty safe since my account number and routing numbers are across the bottom of every check I write.


Mike
www.packardhawk.com

[MikeW]

I figured it had to be pretty safe since my account number and routing numbers are across the bottom of every check I write.


Mike
www.packardhawk.com