is wiring money from one account to another safe?

[plated]

ok,i have this guy gave me a deposit on my car,he don't wanna carry a bunch of cash from california to here,he's talking about wiring the money from his chase bank account to mine? i've never done so i don't know?? what's the safest way to do a money transfer besides cash?? i've heard horror stories don't wanna make one for my self

[8NO4CYL]

Call your bank tomorrow. Make sure it's a done deal and clears before he gets the car.

[plated]

Call your bank tomorrow. Make sure it's a done deal and clears before he gets the car.
i see i thought going thru the bank it would clear right away or is there a time limit they use??

[DeckerEnt]

Why not have him send you a certified check in the mail straight to your bank from his. I am sure the banks could do this for you or just tell your bank what you want to do and see what they say. Banks deal with millions every day. I am sure they have a safe way to transfer money.
Keith

[8NO4CYL]

I don't think it clears right away. You don't want it to bounce then its on you.

[Paul408Notch]

Wouldn't that mean he'd have to have your routing and account number? That doesn't seem very safe. Why's he worried about taking cash?

[331TwistedWedge]

cashiers check ... good as money!

[plated]

Wouldn't that mean he'd have to have your routing and account number? That doesn't seem very safe. Why's he worried about taking cash?he's flying from cali to here,i guess we can go to his bank wich is chase,thers one in milford??

[Paul408Notch]

he's flying from cali to here,i guess we can go to his bank wich is chase,thers one in milford??

Pretty sure that would work. Chase is a little goofy though, so he should probably call to make sure.

[Xowner]

cashiers check!!!

[Katmandu]

Wouldn't PayPal be safe to use in this circumstance ??

[Black92LX]

Wouldn't that mean he'd have to have your routing and account number? That doesn't seem very safe. Why's he worried about taking cash?

you are correct!! I suggest only wiring money in EMERGENCIES from someone you know and trust with your life.

Cashier's Check!!!!!!

[Walter]

he's flying from cali to here,i guess we can go to his bank wich is chase,thers one in milford??

There is one in eastgate, in front of Meijer. Tell him to withdraw cash at that location.

[Mista Bone]

Chase banks all over the place, Should be two in Milford.........

http://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/shared/assets/page/Branch_Locator

[Paul408Notch]

Just make sure he calls them to find out if it's ok to withdraw that kind of money there. I have all kinds of issues with my chase account out here in AZ cause I opened it in Cincy. Something about them being in different zones or something.

[Gene]

Wiring money is perfectly safe. You're more likely to have issues with a cashier's check than with a wire transfer. There are a lot of fake cashier's check floating around out there.

If you write checks to people, your account and routing numbers are already floating around out there for anyone to see. Also, if you're paranoid about it, set up a second account for the purpose of receiving the transfer, then move the money into your primary account.

[mustangboy]

I'm with Gene. I've seen fake "certified" checks. I would definately go with the wire transfer but I would contact the bank first on all the details. Just make sure that when the transfer is done there is not a waiting period. If there is a waiting period I would not realease the title till then. Just be smart and you'll be fine. If the guy is legit he will totally understand you being a little paranoid.

[Holly]

Wouldn't that mean he'd have to have your routing and account number? That doesn't seem very safe. Why's he worried about taking cash?



:agree:

Never give your checking information to anybody. He has many options, Western Union, Paypal, check to you, etc. Don't give your info to ANYBODY!

[plated]

ok,i called my bank they said they can do all the transfers thru them on getting it wired to my account there is a $10 carge,but she did say it would clear right then,and that if it were any kind of check it would have to sit for 5 days till it was clear to cash?i'll let my bank call his bank that way were not exchanging any account info.thanks gang:)

[cstreu1026]

Thats the way my in-laws handled it when they sold their RX7 to a guy in Seattle. Their bank contacted his bank and they handled everything.

[RACEME]

So is he driving that thing back to Cali?

[plated]

So is he driving that thing back to Cali?
no he's having it transported $1000:eek:

[ihave1sweetride]

Just an FYI, money orders and cashiers checks can still have a stop order put on them, they are not cash until they have been cashed by a bank.

[Mista Bone]

no he's having it transported $1000:eek:

a little high, but fuel costs have went up since the Del Sol was shipped from Washington State to MI for $800.