Someone has at long last looked at my car, fortunately they liked it and
have left 300ukp deposit,
they intend to pay the rest cash on Monday,
however they want to collect  after banking hours,
I'm a bit dubious about having a few grand cash just in case I have a bag
full of forgeries, no car and egg on my face.
naturally I do not want to jepordise the completion,
Do you think I should give him my bank account number and sort code to pay
the balance in during his lunch break?
Since a cheque would take time to clear plus I hear horror stories of
bankers drafts.
Any suggestions appreciated.

> Someone has at long last looked at my car, fortunately they liked it and
> have left 300ukp deposit,
> they intend to pay the rest cash on Monday,
> however they want to collect  after banking hours,
> I'm a bit dubious about having a few grand cash just in case I have a bag
> full of forgeries, no car and egg on my face.
> naturally I do not want to jepordise the completion,
> Do you think I should give him my bank account number and sort code to pay
> the balance in during his lunch break?
> Since a cheque would take time to clear plus I hear horror stories of
> bankers drafts.
> Any suggestions appreciated.



If they're doing a bank transfer then that can also take up to 5 days or 
more to clear.  If you give them a deposit slip they can go to any branch of 
your bank and pay cash in there - it should be reflected in your balance 
immediately and of course the onus is on the bank staff to check if they're 
forgeries, etc.

You could accept a cheque but I would wait a few days *after* it has 
'cleared' into your account as if the chequebook was reported stolen the 
amount could then be debited from your account after it had been credited 
(immoral in my opinion, but banks generally are).

Don't forget that the new owner needs to fill in their details on the V5 
which *you* then post to DVLA, so it's unlikely they'd put their real 
address if they were using forgeries, but then they'd have to write to DVLA 
and pay 19 to claim a new logbook - by which time you'd have reported it 
stolen.

Darren

>> Someone has at long last looked at my car, fortunately they liked it and
>> have left 300ukp deposit,
>> they intend to pay the rest cash on Monday,
>> however they want to collect  after banking hours,
>> I'm a bit dubious about having a few grand cash just in case I have a bag
>> full of forgeries, no car and egg on my face.
>> naturally I do not want to jepordise the completion,
>> Do you think I should give him my bank account number and sort code to 
>> pay
>> the balance in during his lunch break?
>> Since a cheque would take time to clear plus I hear horror stories of
>> bankers drafts.
>> Any suggestions appreciated.
>
>
> If they're doing a bank transfer then that can also take up to 5 days or 
> more to clear.


You can get a same day transfer done - usually for 25 or so. If you happen 
to be lucky & he banks with the same bank you do then a standard transfer 
between accounts is instantaneous (at least this works with HSBC/First 
direct - I assume other banks do the same now)

A bankers draft and some building society cheques are pretty much non 
revokable as far as I know.


> If you give them a deposit slip they can go to any branch of your bank and 
> pay cash in there - it should be reflected in your balance immediately and 
> of course the onus is on the bank staff to check if they're forgeries, 
> etc.


That's a possible


> You could accept a cheque but I would wait a few days *after* it has 
> 'cleared' into your account as if the chequebook was reported stolen the 
> amount could then be debited from your account after it had been credited 
> (immoral in my opinion, but banks generally are).


I wouldn't accept a cheque. Even if it appears to clear into your account in 
the standard 5 days it can still be bounced upto a good couple of weeks 
later.


> Don't forget that the new owner needs to fill in their details on the V5 
> which *you* then post to DVLA, so it's unlikely they'd put their real 
> address if they were using forgeries, but then they'd have to write to 
> DVLA and pay 19 to claim a new logbook - by which time you'd have 
> reported it stolen.

> You can get a same day transfer done - usually for 25 or so. If you 
> happen to be lucky & he banks with the same bank you do then a standard 
> transfer between accounts is instantaneous (at least this works with 
> HSBC/First direct - I assume other banks do the same now)


Aye, certianly works with the co-op/smile.  Ages ago, when I was in my early 
teens, I'd be away or out and about somewhere, short of cash in my current 
account to withdraw, and I'd be able to phone my Dad to borrow some money, 
wait 5 minutes for him to do the transfer over the phone, and then draw it 
out from the cash machine.  Blindingly quick way to get 20 from Bracknell 
to Windermere :-)


> A bankers draft and some building society cheques are pretty much non 
> revokable as far as I know.


If they're genuine, they are.


>> If you give them a deposit slip they can go to any branch of your bank 
>> and pay cash in there - it should be reflected in your balance 
>> immediately and of course the onus is on the bank staff to check if 
>> they're forgeries, etc.
>
> That's a possible


As is asking them to get a banker's draft, give you the details from it over 
the phone during the day so you can phone up the bank and confirm it's 
validity, meaning all that's left to do is check that the draft, in the 
flesh, has the same numbers on.  Bingo.

"Avanti"  wrote in message 
news:ilFxe.257$vF2.135@fe1.news.blueyonder.co.uk...

> Someone has at long last looked at my car, fortunately they liked it and
> have left 300ukp deposit,
> they intend to pay the rest cash on Monday,
> however they want to collect  after banking hours,
> I'm a bit dubious about having a few grand cash just in case I have a bag
> full of forgeries, no car and egg on my face.
> naturally I do not want to jepordise the completion,
> Do you think I should give him my bank account number and sort code to pay
> the balance in during his lunch break?
> Since a cheque would take time to clear plus I hear horror stories of
> bankers drafts.
> Any suggestions appreciated.


In your position, I'd go for the cash. If the notes have the foil strip and 
the watermark, if the "Bank of England" print at the top of the note feels 
embossed, then go for it.  I wouldn't feel comfortable with a stranger 
having my bank account details.

--
R

"Darren Jarvis"  wrote in message 
news:OBFxe.16390$zM2.10678@newsfe4-gui.ntli.net...



>
>
> If they're doing a bank transfer then that can also take up to 5 days or 
> more to clear.  If you give them a deposit slip they can go to any branch 
> of your bank and pay cash in there - it should be reflected in your 
> balance immediately and of course the onus is on the bank staff to check 
> if they're forgeries, etc.
>


Good idea.  No need for a deposit slip, bank, name of account, account 
number and sort code are all is needed.  They can get a paying in slip at 
the bank if it's needed.  Then phone or look at your account to see if it's 
there.  Normally cash is an instantaneous transaction.  I'm sure banks will 
stop that one in the future!

R (ruggNOSPAM_uk@yahooNOSPAM.co.uk) gurgled happily, sounding much like
they were saying : 


> I wouldn't feel comfortable
> with a stranger having my bank account details.


I take it you never use your Switch card or chequebook, then?

> In your position, I'd go for the cash. If the notes have the foil strip 
> and the watermark, if the "Bank of England" print at the top of the note 
> feels embossed, then go for it.  I wouldn't feel comfortable with a 
> stranger having my bank account details.


You've never written out a cheque for anything to someone not a close friend 
or relative before then?

Peter

Avanti wrote:

> 
> Someone has at long last looked at my car, fortunately they liked it and
> have left 300ukp deposit,
> they intend to pay the rest cash on Monday,
> however they want to collect  after banking hours,
> I'm a bit dubious about having a few grand cash just in case I have a bag
> full of forgeries, no car and egg on my face.
> naturally I do not want to jepordise the completion,
> Do you think I should give him my bank account number and sort code to pay
> the balance in during his lunch break?
> Since a cheque would take time to clear plus I hear horror stories of
> bankers drafts.


The advantage with banker's draft (if genuine) AFAIK is that they wont 
bounce after money has been transferred into your account, provided the
bank doesn't go bust. The problem is to find out if they are genuine,
Maybe you can call up the bank to find out if they have issued it.

In any case, you should find out & verify address details of the buyer,
and call him on a landline phone.

"Johannes"  wrote in message 
news:42C916FA.33C9021@spamblackhole7364sizefitter.com...

>
>
> Avanti wrote:
>>
>> Someone has at long last looked at my car, fortunately they liked it and
>> have left 300ukp deposit,
>> they intend to pay the rest cash on Monday,
>> however they want to collect  after banking hours,
>> I'm a bit dubious about having a few grand cash just in case I have a bag
>> full of forgeries, no car and egg on my face.
>> naturally I do not want to jepordise the completion,
>> Do you think I should give him my bank account number and sort code to 
>> pay
>> the balance in during his lunch break?
>> Since a cheque would take time to clear plus I hear horror stories of
>> bankers drafts.
>
> The advantage with banker's draft (if genuine) AFAIK is that they wont
> bounce after money has been transferred into your account, provided the
> bank doesn't go bust. The problem is to find out if they are genuine,
> Maybe you can call up the bank to find out if they have issued it.
>


There's a market in stolen bankers drafts.  It used to be difficult to 
determine if such a draft was stolen out of banking hours.  Is this still 
the case or have banks and building societies changed their stand?  After 
all they don't lose any money out of a stolen bankers draft.

In article <42c8f289$0$10475$da0feed9@news.zen.co.uk>, Fred@n0spam.c0m 
says...

> Good idea.  No need for a deposit slip, bank, name of account, account 
> number and sort code are all is needed.  They can get a paying in slip at 
> the bank if it's needed.  Then phone or look at your account to see if it's 
> there.  Normally cash is an instantaneous transaction.  I'm sure banks will 
> stop that one in the future!
> 


HSBC are.

They're delaying any cash transfer by 2 days to (or from?) an "unknown" 
account, to prevent money laundering or something.

Once it's been checked, any transfers are instantaneous.

Pete.

-- 
NOTE! Email address is spamtrapped. Any email will be deleted
Remove the news and underscore from my address to reply by mail

"AstraVanMan"  wrote in message
news:cbXxe.14133$iT1.2773@newsfe1-win.ntli.net...

> > You can get a same day transfer done - usually for 25 or so. If you
> > happen to be lucky & he banks with the same bank you do then a standard
> > transfer between accounts is instantaneous (at least this works with
> > HSBC/First direct - I assume other banks do the same now)
>

[snip]



Thank you all for the replies, I called the guy on Sunday evening and he was
happy to meet him at the bank and collect the money and then we paid it into
my bank account.
It's always a shame to see a nice car go to a new owner but I hope he has as
much enjoyment  as I did from the vehicle.

Fred wrote:

> 
> "Johannes"  wrote in message
> news:42C916FA.33C9021@spamblackhole7364sizefitter.com...
> >
> >
> > Avanti wrote:
> >>
> >> Someone has at long last looked at my car, fortunately they liked it and
> >> have left 300ukp deposit,
> >> they intend to pay the rest cash on Monday,
> >> however they want to collect  after banking hours,
> >> I'm a bit dubious about having a few grand cash just in case I have a bag
> >> full of forgeries, no car and egg on my face.
> >> naturally I do not want to jepordise the completion,
> >> Do you think I should give him my bank account number and sort code to
> >> pay
> >> the balance in during his lunch break?
> >> Since a cheque would take time to clear plus I hear horror stories of
> >> bankers drafts.
> >
> > The advantage with banker's draft (if genuine) AFAIK is that they wont
> > bounce after money has been transferred into your account, provided the
> > bank doesn't go bust. The problem is to find out if they are genuine,
> > Maybe you can call up the bank to find out if they have issued it.
> >
> 
> There's a market in stolen bankers drafts.  It used to be difficult to
> determine if such a draft was stolen out of banking hours.  Is this still
> the case or have banks and building societies changed their stand?  After
> all they don't lose any money out of a stolen bankers draft.


The bankers draft will have to be printed with a date and amount for the
actual issue. Maybe they can be scanned and copied, but they probably wont
look like the real thing by a close inspection.

I bought a car (privately) in 1997 using a bankers draft. I called up the
seller and said i was interested, and he asked for my name, address and tel
number so that he could call me back (good move!). As seller was some
distance away, I asked for VIN and did a HPI check. As this was OK, I went
to look at the car and verify VIN and engine No. Happy with that, I paid a
cash deposit with a countersigned note for the intended purchase and expiry
date for the deposit. Then had a bankers draft issued and fetched the car.

The car was low on petrol and I had to visit a petrol station before I
could get home. I almost panicked when the petrol flap didn't open. Unknown
to me, this car had the petrol flap linked to the central locking, whereas
my usual car had the petrol flap operated by a push button on the fascia...

Johannes wrote:


> The bankers draft will have to be printed with a date and amount for the
> actual issue. Maybe they can be scanned and copied, but they probably wont
> look like the real thing by a close inspection.


But that's just it - how does your average punter know what 'the real
thing' looks like? And even if they did, unless they had a 'real thing'
to perform a side-by-side comparison with it'd still be practically
impossible to determine for any half-decent copy. Indeed, with modern
counterfeiting ability such a comparison would still likely be only
useful to an 'expert' in this field.

Checking with the bank does of course help, but what if the printed
number is that of his mate...? Pushing it I know, but not beyond the
realms of possibility....

'HSBC... How can I help you? ... Yes, that draft is genuine sir...'

Mathew

>> The bankers draft will have to be printed with a date and amount for the
>> actual issue. Maybe they can be scanned and copied, but they probably 
>> wont
>> look like the real thing by a close inspection.
>
> But that's just it - how does your average punter know what 'the real
> thing' looks like? And even if they did, unless they had a 'real thing'
> to perform a side-by-side comparison with it'd still be practically
> impossible to determine for any half-decent copy. Indeed, with modern
> counterfeiting ability such a comparison would still likely be only
> useful to an 'expert' in this field.
>
> Checking with the bank does of course help, but what if the printed
> number is that of his mate...? Pushing it I know, but not beyond the
> realms of possibility....
>
> 'HSBC... How can I help you? ... Yes, that draft is genuine sir...'


Yes, you're right, it's easy to stitch up an idiot.  It's also not beyond 
the realms of possibility to check the details of the bank (including phone 
number) before phoning them, though admittedly it's not something you'd 
expect to need to do.

Peter

In article ,
   Johannes  wrote:

> > There's a market in stolen bankers drafts.  It used to be difficult to
> > determine if such a draft was stolen out of banking hours.  Is this
> > still the case or have banks and building societies changed their
> > stand?  After all they don't lose any money out of a stolen bankers
> > draft.

> The bankers draft will have to be printed with a date and amount for the
> actual issue. Maybe they can be scanned and copied, but they probably
> wont look like the real thing by a close inspection.


Last time I got a bank draft I was asked to get a letter from the bank
confirming it. Of course I suppose fraudsters might have bank headed
notepaper too. ;-)

-- 
*Procrastination is the art of keeping up with yesterday.

    Dave Plowman        dave@davenoise.co.uk           London SW
                  To e-mail, change noise into sound.

"Dave Plowman (News)" wrote:

> 
> In article ,
>    Johannes  wrote:
> > > There's a market in stolen bankers drafts.  It used to be difficult to
> > > determine if such a draft was stolen out of banking hours.  Is this
> > > still the case or have banks and building societies changed their
> > > stand?  After all they don't lose any money out of a stolen bankers
> > > draft.
> 
> > The bankers draft will have to be printed with a date and amount for the
> > actual issue. Maybe they can be scanned and copied, but they probably
> > wont look like the real thing by a close inspection.
> 
> Last time I got a bank draft I was asked to get a letter from the bank
> confirming it. Of course I suppose fraudsters might have bank headed
> notepaper too. ;-)


If it's highly organised fraud, like those who put 100 Mill UK notes in 
circulation, then you're probably f** anyway. But you might guard
against the small time crook by quite simple means, such as e.g. chat
away about what he's doing and where he lives...

"AstraVanMan"  wrote in message 
news:LP7ye.22280$Ar5.21731@newsfe5-win.ntli.net...

>> In your position, I'd go for the cash. If the notes have the foil strip 
>> and the watermark, if the "Bank of England" print at the top of the note 
>> feels embossed, then go for it.  I wouldn't feel comfortable with a 
>> stranger having my bank account details.
>
> You've never written out a cheque for anything to someone not a close 
> friend or relative before then?


Not to someone I suspect may give me forged bank notes, as was the OP's 
concern.
--
R

"Adrian"  wrote in message 
news:Xns968960C95A6E0adrianachapmanfreeis@204.153.244.170...

>R (ruggNOSPAM_uk@yahooNOSPAM.co.uk) gurgled happily, sounding much like
> they were saying :
>
>> I wouldn't feel comfortable
>> with a stranger having my bank account details.
>
> I take it you never use your Switch card or chequebook, then?


I don't give it to strangers, or let it out of my sight when using it. Can't 
remember when I last used my chequebook. Perhaps I'm paranoid about identity 
theft.

--
R

>>> In your position, I'd go for the cash. If the notes have the foil strip 
>>> and the watermark, if the "Bank of England" print at the top of the note 
>>> feels embossed, then go for it.  I wouldn't feel comfortable with a 
>>> stranger having my bank account details.
>>
>> You've never written out a cheque for anything to someone not a close 
>> friend or relative before then?
>
> Not to someone I suspect may give me forged bank notes, as was the OP's 
> concern.


Plenty of dishonest people work in shops, who will always keep a copy of 
your credit/debit card transaction slip.  If it's a switch card, then it's 
got your bank details embedded into the number.

Peter

R (ruggNOSPAM_uk@yahooNOSPAM.co.uk) gurgled happily, sounding much like
they were saying : 


>>> I wouldn't feel comfortable
>>> with a stranger having my bank account details.

>> I take it you never use your Switch card or chequebook, then?

> I don't give it to strangers, or let it out of my sight when using it.
> Can't remember when I last used my chequebook. 


Just because cheques are a pain in the arse these days, or because you're 
scared of the fact that your sort code and account number are on them?


> Perhaps I'm paranoid about identity theft.


Yes, you are.