jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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Can they be cancelled once issued?
I'm pretty sure they can't, but being paid by bankers draft for my car 2moz but just wanted a second opinion.
cheers 
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Welsh Dan
Member
Registered: 23rd Mar 00
User status: Offline
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They can, but not easily.
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Little Vik
Member
Registered: 30th Jun 03
Location: Herts
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There are a hell of a lot of fake ones about, so make sure you ring the issuing bank to confirm its all ok
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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quote:
Originally posted by Little Vik
There are a hell of a lot of fake ones about, so make sure you ring the issuing bank to confirm its all ok
My thoughts.
Personally I would only accept cash and would want it in the bank before handing over the keys/docs
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Robbo
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Registered: 6th Aug 02
Location: London
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You see on PH a lot now, sayign proof of banker draft will be needed before releasing for sale... like said, lots of fakes so only accpet if u can call the bank at the time to confirm
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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quote:
Originally posted by Jules S
quote:
Originally posted by Little Vik
There are a hell of a lot of fake ones about, so make sure you ring the issuing bank to confirm its all ok
My thoughts.
Personally I would only accept cash and would want it in the bank before handing over the keys/docs
You'd want to pay the cash in before handing the keys over? or have I misread that?
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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Robin,
If I sell a car I expect the buyer to turn up with the cash...we then drive to the bank and deposit the money into my account.
He/she can then drive off with the car/docs.
Better still a credit transfer....tbh in this day and age I simply dont see the need to accept a bankers draft when they are so easily forged, and the banks seem happy to reneg on them after accepting them.
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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hmmm i know its gonna be a Barclays bankers draft, but its gonna be after 6pm when he picks up the car so won't be able to check with the bank. Shit!
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mav
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Registered: 19th Jun 01
Location: Scotland
User status: Offline
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A bankers draft can't be cancelled as far as I am aware, the bank only issues it if there is funds there and the funds are removed on time of issue..
But be aware they can take upto 5 days to clear as I found out when i sold my XE...Fucking Halifax
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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Ok so how do i check for a fake - without it obviously looking dodgy? Is there a reference number i can check with the bank, or would i be stuck with the data protection bollocks stopping me checking?
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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Not sure on a fake...
All bankers drafts will be printed and no writing on them...Must be codes or something that can be checked, sorry can't help though...
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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quote:
Originally posted by mav
A bankers draft can't be cancelled as far as I am aware, the bank only issues it if there is funds there and the funds are removed on time of issue..
But be aware they can take upto 5 days to clear as I found out when i sold my XE...Fucking Halifax
Exactly Mav.
But in this day of chip and pin what is the point?
If the funds are available they can bring cash...same bank?:- credit transfer (im sure that will work with other banks these days too)
Too many stories of drafts being declined after being accepted these days for my liking.
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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quote:
Originally posted by Jules S
Robin,
If I sell a car I expect the buyer to turn up with the cash...we then drive to the bank and deposit the money into my account.
He/she can then drive off with the car/docs.
Ok, but why?
Surely if the money is in your hand, then the deal is done 
I'd feel uneasy going to the bank in the middle of somewhere I don't know, with someone I don't know, to deposit my money without having the keys to the car in my hand TBH, the person could pay the money in then leg it without giving me the keys 
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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i'd obviously prefer cash, but equally don't wanna piss the guy off and lose the sale - been trying to sell for ages!!!
Might see if he can try to meet during day or early Sat to pay it in. The guy seemed ok, but didn't really ask much. Hmmmm
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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quote:
Originally posted by Robin
quote:
Originally posted by Jules S
Robin,
If I sell a car I expect the buyer to turn up with the cash...we then drive to the bank and deposit the money into my account.
He/she can then drive off with the car/docs.
Ok, but why?
Surely if the money is in your hand, then the deal is done
I'd feel uneasy going to the bank in the middle of somewhere I don't know, with someone I don't know, to deposit my money without having the keys to the car in my hand TBH, the person could pay the money in then leg it without giving me the keys
I do get your point Robin
However, if the cash is given to the teller and the keys/docs given over in the bank there is (or should be) video evidence of the transaction....and if fake notes are used then its the banks problem for accepting them (together with all the other cash)
A fake draft will more than likely stand out like a sore thumb since it will invariably be checked....
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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Right i've got the guy to come down 2moz at 2.30 and we'll go to the bank. Hopefully it won't bloody bounce!
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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cheers for the help
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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Aha, I see your point now Jules, I forgot bank notes could be faked 
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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