Skylined
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Registered: 27th Sep 05
Location: Sideways, Surrey
User status: Offline
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Looking at buying a car over the weekend and never spent over 10k before. Paid cash in the past but 10k seems a lot to have in cash and a ballache to count etc.
Was going to bank transfer but heard you it can get blocked if you just try wiring that amount to a new recipient 
How do people normally do this when dealing with private sellers?
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evilrob
Premium Member
Registered: 16th Mar 12
Location: Your mum's house
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I've transferred £28k to a new recipient before (from my bank to a different bank) using the internets - my bank called me up pretty much straight away to check it was legit, then it went through almost immediately.
I imagine if you both bank with the same bank, things might be easier - you could probably nip into a branch and answer any questions on the spot if that's the case.
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
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i did a bank transfer on my phone, it was with the same bank so was instant, it usually is instant anyway
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Jimbothebarbarian
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Registered: 19th Apr 07
Location: Cumbria..........drunk..
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I always ring the bank first, this way they know to expect a large transfer and saves the embarrassment of being fucked off by the bank.
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Skylined
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Registered: 27th Sep 05
Location: Sideways, Surrey
User status: Offline
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Ah ok, he's with Lloyds and I'm with FirstDirect (which is part of Lloyds) so might be alright.
Trouble is it will be tomorrow, so no branches will be open. Assume you can still phone them up if you have problems.
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evilrob
Premium Member
Registered: 16th Mar 12
Location: Your mum's house
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Isn't First Direct part of HSBC?
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Skylined
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Registered: 27th Sep 05
Location: Sideways, Surrey
User status: Offline
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Oh yea....damn 
I'll pop into a branch at lunch and ask
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Nismo
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Registered: 12th Sep 02
User status: Offline
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just call them prior and tell them the amount and where its going and it will be fine, but for 10K it shouldn't be a problem.
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Ben G
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Registered: 12th Jan 07
Location: Essex
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May need to pay a small payment for the faster transfer service.
Think mine was £17.
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Skylined
Member
Registered: 27th Sep 05
Location: Sideways, Surrey
User status: Offline
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Went in, said it won't go through because bank holidays aren't working days....so either gotta get cash or bankers draft.
Also HSBC have a BACS limit of 10k per day.
Ballache!
[Edited on 17-04-2014 by Skylined]
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Generation
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Registered: 7th Jul 09
Location: Essex
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Fd is part of HSBC. Limit is 10k per day.
If you want anything over 6k in cash, you'll be asked a lot of questions
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Generation
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Registered: 7th Jul 09
Location: Essex
User status: Offline
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Source Hsbc employee lol.
Your best and cheapest bet is to do 10k transfer rest in cash. Very unlikely they will block, staff can out a marker on the account to make it even less likely, but it's random checks.
To withdraw cash from in branch from FD you need both your cheque book and ID.
Or call first direct first, and tey will send a message to the branch authorising the cash withdrawal
[Edited on 17-04-2014 by Generation]
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ed
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Registered: 10th Sep 03
User status: Offline
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quote:
Originally posted by Ben G
May need to pay a small payment for the faster transfer service.
Think mine was £17.
That would probably be a CHAPS payment, which is actually quite a good choice to use if you're over your daily transfer limit. It also can't be reversed e.t.c.
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Skylined
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Registered: 27th Sep 05
Location: Sideways, Surrey
User status: Offline
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Managed to get the cash out which i was surprised at with only a few hours notice.
Thanks all 
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big eck
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Registered: 20th Apr 03
Location: Tullibody. Drives - Audi B8 S4 & Fiesta Zetec-S
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Just take it out your account and hand over cash. Done it a few times now. It is a chance you take but what are the odds of someone mugging you the very day you have that money on you.
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John
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Registered: 30th Jun 03
User status: Offline
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There's also the counting out of 10k and if its in 50/100 notes, most people don't deal with them daily. Bank transfer is much better.
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Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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I did a bankers cheque.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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Bowled around the highstreet with 17k before, only because the solicitors were fucking around with regards to my house deposit.
When I sold my focus st, the woman paid 14k cash also, so it happens.
I wouldn't pay cash if the seller was of, lets say, a different ''culture''. Just hear to much nowadays...
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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I paid 6.6k cash but the guy wanted to do it in his local bank. When I sold it the guy gave me 7k bankers draft
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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My brother sold his impreza for 13k at around 10pm with cash. So got the deal done at a petrol station. Got the guy behind the counter to check each note
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jacko198
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Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
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Took out 7k for a car before. That was fun. The woman didn't want to give me it. My signature didn't match to the one I did when I opened the acount as a 12 year old
Went. Looked at the car and then went to the bank with the guy for him to pay it in which is reasonable on a week day. Atleast they know it's all good!
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derick-sport
Member
Registered: 11th Sep 10
Location: Kendal, Cumbria
User status: Offline
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just sold my vxr today, 6000 bank transfer just did it over the phone sat in the car, funds are through but not available till next tues because of bank holidays
took all of 5 mins
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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Ive paid in and took out 10-20k several times and never had any issues or questions asked besides small talk whilst waiting
My bank printed a draft thing out when I bought last car off, that was 18k, no fee as it came from a saving account and not my current account i remember them saying?
Funny thing was he didn't cash it for a while, the mkney was going towards a new watch for himself!!
Few days after that i sold my old beemer for 8k cash to slme Serbians, paid in used 20s. Must have had 20k in their bag. Marked each note and came back fine, i was worried they might be real but stolen notes, so but £100 in paying in machine and a week later i put the rest in lol
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John
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Registered: 30th Jun 03
User status: Offline
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Anytime you've paid in over a few k the 'small talk' has been questioning you on where you got the money.
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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Well i always jokingly answer lol
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