richie001

iTrader: (3)

Hi Guys,

I've just sold my M3 and we both when down the my local banch to see the draft be written out so i has far has i know the its real so i let the car go but its just come to me that maybe he can get in stop.I'm now worried !!!

MickeyTake

It's as good as cash, if it's a genuine bankers draft - and as you watched it being written it is genuine!

Find a relaxing chair, sit down, light a cigar and RELAX!! You have your money!

wagrain

Yes they can be stop under certain circumstances. You should have had him do a transfer direct to your account. Then you wouldn't be postinig on here worrying.

Wifey told me about them being able to be cancelled (she's in banking) but she's not here at the mo' so I can't ask her how they are stopped.

If its a genuine buyer, and you went to his bank with him, where they then gave him the draft and he handed it over to you, then its more than likely going to be ok.

wagrain

. . . unless his bank goes bust over night ! ! !

richie001

iTrader: (3)

Just spoke to the manager at his bank (Hsbc)and she said it was guaranteed and the guy who wrote the draft was also there and i asked them both more than once they both told me not to worry but i probably will till Thursday.

richie001

iTrader: (3)

Don't Start me worring again

wagrain

You spoke to the Bank Staff while you were there, and they assured you it was all ok. . . . . . In that case, relax and don't worry about it.
The buyer can't tell his bank the draft has been lost or stolen so don't worry.

Kieran_Burns

iTrader: (1)

Well...... HSBC cuts 1,100 jobs in investment banking unit

but I wouldn't read anything into it. It's sure to be okay. Really.

richie001

iTrader: (3)

I wasn't worried till someone told me he can stop it then a started to panic

dunx

iTrader: (3)

Bradford and Bingley are 10x deeper in the poo than the HSBC.

LOL

DunxC

P.S. All the finished houses (that had been sold) on this development have gone back on the market this week. Twenty or so three storey houses that were about £235,000 are sat empty and have been since Easter !

MickeyTake

The Housing Market (changing original subject, as the bankers draft is safe!) is in a right mess!

I'm looking to buy, builders are begging me to buy, Estate Agents are ringing me every day (sometimes 4 times in a day!) begging me to view/make an offer!!

I am being asked to step into failed chains - at a price to suit me ..... errrrr, no, not while the houses are losing £150 every 24 hours!!

richie001

iTrader: (3)

RECEIVED INFRACTION

Iwan

Bankers drafts can't bounce, but they can theoretically be stopped if they are lost or stolen.

Scooby Soon!

careful doing a direct transfer they can be stopped as well!

friend in the banking industry told me that

MickeyTake

EH???!!!

Your friend is avin' a larf wiff ya mate!!!

You trying to tell us that you stand there at the counter, Mr X says "Transfer £xxxxx to this gentlemans account by direct transfer" ..... said Gentleman provides his account number and the money is directly transferred. ........ and you think that can be stopped??? How many drinks have you had tonight??

little-ginge

Hence why he winked?

angrynorth

Trust me, pretty much any financial agreement these days can be retracted bankers drafts, BACS transfers and in special circumstances even CHAPS transfers. If the guy wants it back, he would be able to get it back it he tried hard enough and new the system.

Judging by the fact you were present when it was created though, I would imagine there is a certain amount of goodwill there which should mean the guy is genuine.

Hope it goes through OK. :

apples24

iTrader: (1)

he can only report it lost / stolen, but you have presented it so basicly it means the chap it was issued to has deposited it, so its not lost stolen.


not unless he gos to old bill says you beat 9 bells out of him and took the draught lol

Leslie

Can anyone explain to me why "MickeyTake" was infracted? I can't see anything in his post to justify it.

Les