imo yes....but i would still want cleared funds.
Yes - I would say so as it will be a Bank Draft, not a cheque - better than cash as it wouldn't - couldn't - be a forgery if you were actually given it by the bank employee in Bank premises. As cast iron as you could get !Grath said:If you were selling your Motorhome, which payment method would you prefer? and what is the safest?
If you take the prospective private buyer to the Building Society of their choice and a cheque is issued there and then by the Building society, is this 100% safe?
Agree,billym said:a CHAPS transfer before 1 pm is as foolproof as you can get and is within
a couple of hours complete. Take the buyer to the bank and leave someone
from the buyer's side and the seller's side with the motorhome giving them
a last minute tour of how things work. Costs about £ 25 but so what ?
That's what I would do...............
If the cheque/draft is issued in your presence at the branch and is payable to you, then its 100%Grath said:If you were selling your Motorhome, which payment method would you prefer? and what is the safest?
If you take the prospective private buyer to the Building Society of their choice and a cheque is issued there and then by the Building society, is this 100% safe?
I processed a Bacs payment yesterday which will not arrive in recipients account until tomorrow. I want to cancel but my bank says that this is not possible!Rapide561 said:3) BACS - avoid - this takes three working days and CAN be recalled. RECALLED means the senders bank can do just that - RECALL it, leaving you without money. (There are limited timscales for recalling - not three weeks on Tuesday etc)
Hi Graham,Grath said:Yes, I did think about the cash route and as said, would I recognize dud notes?? I doubt it!
Another thought that I have had is to open up an account in the same Building Society/Bank as the prospective buyer. Then the money would go straight to me with maybe the same cashier. Cash would be ok with this route, but maybe the buyer would not like it.
Would this be advantageous?
off to work now, speak later and thanks again for replies.