What is the safest check?
#11
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Last time I used a check, I scanned the check and emailed it to the seller a fews days before so that his bank could get the check confirmed and make sure the cash was in hold on the check.
I have either recieved, or given cash in all the other transactions that didn't include a bank.
I have either recieved, or given cash in all the other transactions that didn't include a bank.
#12
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Wire transfer is safe and fast. You can verify the funds are in your account before he takes possession of the boat. This is how I bought my boat last fall. I traveled 1300 miles to pick it up. Naturally, the seller was leary of a check. Once I was happy with the boat, I gave the go ahead for the wire transfer. We went together to his bank to sign the title and get the bill of sale notarized.
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#14
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I sold a bike to a company in Texas a few years ago they did money transfor to my bank. Then they had someone pick up bike, I overnighted title to them. Worked out good. I picked up a boat this summer and was lucky one of the banks I have an account with had a branch about 20 miles from the seller. I called bank branch frist to see what I needed to bring as it was a long distance away. After deal was made we went to my bank got bank check, than to sellers bank so he could depost check.
#15
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Another option is to go to the buyer's bank with the buyer. Have him purchase a cashiers check at the bank in front of you. That way you know it's a good bank check and not a counterfit.
#16
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This is what I am doing right now. The bank said a wire transfer can only be reversed "with cause"... like it went to the wrong account. But to be safe, get the money out and then move it to another bank.
#17
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Wire transfer is safe and fast. You can verify the funds are in your account before he takes possession of the boat. This is how I bought my boat last fall. I traveled 1300 miles to pick it up. Naturally, the seller was leary of a check. Once I was happy with the boat, I gave the go ahead for the wire transfer. We went together to his bank to sign the title and get the bill of sale notarized.
#18
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Yes just like he said ... Get the wire then Move it.. I do that and I have never had a problem... I have done that about 17 Times.. I get the wire... Move it to another account..
#20
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My bank recommended either a transfer of Money Order, but hold title until it clears. Which I will probabaly do. He'll have the boat, it is insured and i will send title as soon as I can access the funds.
Should be OK for everyone.
Should be OK for everyone.