E90Post
 


GT Haus
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > UK > Bank transfer



Reply
 
Thread Tools Search this Thread
      09-16-2012, 01:36 AM   #1
gchild
First Lieutenant
6
Rep
340
Posts

 
Drives: honda
Join Date: Jan 2012
Location: london

iTrader: (0)

Bank transfer

Someone looking to buy my car today and suggested online bank transfer.
Is this ok, any pitfalls withies approach?
Does it being Sunday make a difference?
Appreciate 0
      09-16-2012, 01:53 AM   #2
Yoro35i
TROll
Yoro35i's Avatar
United Kingdom
32
Rep
2,344
Posts

 
Drives: E92 335I M
Join Date: Aug 2010
Location: London

iTrader: (1)

Different bank transfer can take up a few days.. Make sure funds are cleared before you let the card go. Funds that are not cleared can be stopped bu calling the bank .
__________________
MY08 E92 335i M Sport|Wrap by Surrey Project |ETS Intercooler|VSRF Dp's|BMS OCC|BMC filter|CoBB AP|EBC Yellow & Coolcarbons rear|Alpina AT Map|Michelin PSS |CF grills,CF mirror,CF Performace spoiler|LCI light|CIC controller retrofit|2014 Mods: Birds B3 Suspension kit,Project Mu pads,Afe Filter and PTF Protune & Pilot sports cups. Gone:Forged FMIC, Eisenmann Race Quad, Eisenmann Sport Dual, Duke Dynamic Diffuser. Eibach Pro springs.
Appreciate 0
      09-16-2012, 02:38 AM   #3
-TARBY-
Private First Class
-TARBY-'s Avatar
England
1
Rep
168
Posts

 
Drives: 07 330d M Sport Saloon 6 Speed
Join Date: Jun 2012
Location: Orpington

iTrader: (0)

Yep... All is ok with this as long as you can see the funds creditted to you account. Make them sign something also..
__________________
2007(07) : e90 - 330d - M Sport - Saloon - 6 Speed
Appreciate 0
      09-16-2012, 02:57 AM   #4
SteveC
Captain
United Kingdom
14
Rep
889
Posts

 
Drives: M135i
Join Date: Jan 2009
Location: North East

iTrader: (1)

whatever else you do

ALWAYS draw up a contract of sale for the vehicle. That way, if something does go awry with the payment, you have legal grounds for repossession.
Appreciate 0
      09-16-2012, 03:00 AM   #5
davyk31
Brigadier General
63
Rep
4,481
Posts

 
Drives: Audi SQ5 & Golf GTD
Join Date: Sep 2009
Location: Northern Ireland

iTrader: (0)

A BACS payment can be recalled whereas a CHAPS payment cannot. The later is a same day transfer so it's the one you want.
Appreciate 0
      09-16-2012, 03:23 AM   #6
QLD
Captain
QLD's Avatar
16
Rep
899
Posts

 
Drives: 2010 LCI E92 - Mineral White
Join Date: Dec 2010
Location: ...

iTrader: (0)

Quote:
Originally Posted by Yoro35i View Post
Make sure funds are cleared before you let the car go. .
__________________
.
.



..sweet torquin' diesel!
Appreciate 0
      09-16-2012, 03:54 AM   #7
gchild
First Lieutenant
6
Rep
340
Posts

 
Drives: honda
Join Date: Jan 2012
Location: london

iTrader: (0)

Thanks all.
Appreciate 0
      09-16-2012, 04:09 AM   #8
J44KPR
Private
1
Rep
91
Posts

 
Drives: BMW E92 335i
Join Date: Sep 2012
Location: London

iTrader: (0)

I bought my car on a sunday with bank transfer, Lloyds have an instant payment system which is cool, although they blocked the payment so I had to ring up to get it approved, but was instant etc.

should be fine
__________________
Wanted; Gloss Black Interior Trim - Gearstick/centre piece & door inserts
Appreciate 0
      09-16-2012, 04:30 AM   #9
Dragon88
Private First Class
Dragon88's Avatar
United Kingdom
1
Rep
164
Posts

 
Drives: BMW E92 320i M-Sport
Join Date: Jun 2012
Location: West London

iTrader: (0)

Quote:
Originally Posted by J44KPR View Post
I bought my car on a sunday with bank transfer, Lloyds have an instant payment system which is cool, although they blocked the payment so I had to ring up to get it approved, but was instant etc.

should be fine
Had the same problem with Halifax two months ago, payment blocked in the morning, but a quick call sorted it out and picked my car up that same Sunday afternoon!

OP if in doubt, give your bank a call to verify the payment.
Appreciate 0
      09-16-2012, 05:28 AM   #10
shrink
Captain
shrink's Avatar
United Kingdom
8
Rep
752
Posts

 
Drives: E90 325i SE
Join Date: Jun 2012
Location: Edinburgh (UK)

iTrader: (2)

i bought my current car on a bank transfer. INstant payment through RBS... however sadly on the day I bought my car, RBS were having a computer melt down, screwed up the payment and put it on hold for almost 3 days.

I phoned and went mental at them. They eventually sorted it out, and compensated me for the weekend lost without a car, as well as the additional expense for having to go back out again to collect the car.

But generally, instant payments are safe, effective and secure.
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 01:56 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST