I'm meeting a guy tomorow whos buying a car off me. We're meeting at the bank and I think he wants to give me a bank draft. I just have a couple of quetions If he goes to the teller (I'd lie to actually see him getting the draft) and gets the draft, could I then be next in line and just cash it in, or will I have to lodge it/wait for it to clear?
Once he gets it, is it possible for him to cancel it and reclaim thefunds to his account?
It's going to be for €7000 so I don want to get stung.
Just a bit concerned that he could decide to go back to the bank 10 mins later and cancel the draft, can he do that?
I'm in bank of Ireland, how long will it take before the funds clear if I go straight to my bank and lodge it?
Will a draft have to be made out to sopmeone in particular? or just cash, because I'm going to look at a car on saturday that, assuming it's in good nick, I'll be buying, so can I just use the same draft as part-payment on the new car?
Once he gets it, is it possible for him to cancel it and reclaim thefunds to his account?
It's going to be for €7000 so I don want to get stung.
Just a bit concerned that he could decide to go back to the bank 10 mins later and cancel the draft, can he do that?
I'm in bank of Ireland, how long will it take before the funds clear if I go straight to my bank and lodge it?
Will a draft have to be made out to sopmeone in particular? or just cash, because I'm going to look at a car on saturday that, assuming it's in good nick, I'll be buying, so can I just use the same draft as part-payment on the new car?