Rob84

I've got a buyer for an old exhaust system and the buyer has suggested to do a "direct bank transfer" so the daft question... how do I go about doing this and how safe is the process?

Cheers
Rob

Si B

iTrader: (59)

Very safe - I do this all the time with items I buy from the MLR and ebay as well as items I sell.

He just needs your sort code and account no, plus your name.

I use phone and internet banking all the time to make payments like this, avoids Paypal charges and quicker than cheques.

Cash on collection still my preferred method, but Bank transfers are no probs either.

Si

gus

iTrader: (1)

i do it alot

he will just need your account number and sort code

Rab

Safe. I do this alot. Saves paying paypal and have them fuck things up.

Stavros

best way IMO, i do it a lot

DaveZS

As above, safe as houses!

Rob84

Thanks for the quick replies people but excuse my next daft question but surely if I'm giving my bank account number and sort code to some total stranger, couldn't he just empty my account or something equally as bad?

I'm hungover and full of cold so thats my excuse if the answer is blatently obvious !!

cheers

vroomtshh

No, the worst he could do is set up some direct debits for you.

MARCOSWORTH

iTrader: (24)

Best way to pay imo

gus

iTrader: (1)

same info as on a cheaque

15D

You give your acc number/name and sortcode every time you write a cheque!
Its the safest way to do a transaction with a 3rd party and no they cant empty your account...lol

15D

Beat me to it...doh

Rob84

Excellent!!

thanks again for the replies!

Rob

Paul Eggleton

It's also very easy to set up a second account just to recieve the funds so there's no risk on your main account. This is what I have done.