Advice Needed

If the money gets into your bank account before you sign anything or hand anything over then it shouldn’t be a problem

 

Sorry to chip in but I'm the buyer in this scenario and not a scammer or money launderer.

With respect to your wife, paying cash is the perfect to launder money. And I don't like carrying large wedges of cash around, who sensibly would?

What I am proposing is I make a bank-to-bank transfer on my mobile phone. Ive bought and sold vehicles this way for years.

Joe, maybe speak with your bank for advice rather than 'the man in the street' ?

 

Hi Joe

You need to speak to your bank with reference to incoming money transfers, if it is not from another UK bank there could be substantial bank charges involved with the transfer / conversion, each bank is different and handles these costs in a different way.

Asking what their exchange rate is would give you a good idea of what you will get from the transaction and any fees involved, sometimes the only way to reduce the costs is to have a dedicated currency account.

Good luck with your sale.

 

Yes, Im a UK resident using a UK bank account, who happens to have a home in France but is coming back to Blighty to buy a bike. Paying electriconically bank to bank can't be easier or safer for the seller. Tbh, all I want is the bike. I'll use cash, travellers cheques, promissory note, whatever that Joe prefers.

 

Joe, I can get cash if you're happiest that way. If we go to the nearest Barclays (where I can withdraw cash) I could hand it to you, there and then at the bank. Nice and safe, no doubts that way.