I know there is a post like this here but cannot find it.. Is electronic transfer safe enough and less hassle? I know that same bank electronic transfer is immediate.. Does anyone know how long it takes if electronic transfer between different banks ? Cheers
Depends on the amount but for me, cash, exchanged and checked with a forgery pen and then paid straight into a bank is good for smaller amounts. And make sure you write out a receipt saying "sold as seen" on it, both parties get a copy.
Take them to your bank and get them to pay there.
most transfers even with different banks are seconds now days. I've had plenty recently for an upcoming event and they've all been in by the time I've even logged on.
Over £7k then transfers fine if they do it right in front of you or you are both in the Bank..
Watch out for over £12k transfers.. Banks want to know what it's for and where the money is coming from.
Thanks lads, its just over £7k ..electronic transfer seems best and hassle free. Thanks for confirming no timeframe to worry if between different banks.
The AA website had a natty little sales receipt that I used when I sold a car privately. I don't know if it really achieves much but I figured there was no harm in at least trying.