Best way to get paid for selling RV?
A lot of cash doesn't seem like a good idea. Certified checks can be forged. Wire transfer?
Forum Discussion
2012Coleman wrote:
I sold my Coleman for 10K. Buyer brought 10K in cash in crisp 20 dollar bills. Laid it out on the table in piles of 100. He counted it, my wife counted it, and I counted it. My son was drooling too much so he wasn't able to count it. I also had him give me a photo copy of his drivers license. - I took a picture of him and his license plate.
Hooked up the Coleman and watched it go down the road.
Went to my credit union, made out a deposit slip for 10K, gave them that, the envelop, my member number. Stated I sold my Travel Trailer. They greeted me as always, deposited the money, and asked if there was anything else they could help me with.
Walked out the door without getting questioned or arrested by the security guard - off duty police officer. Federal banking laws be dammed...
Regardless of your opinion of banking laws, I'm NOT aware of any of them that advise questioning or arresting a person for making a legitimate transaction, be it cash, check, money order, etc. Your bank does, however, have certain Federal guidelines that must be followed, based on their judgement of the situation.
Bank security guard, off-duty police, F.B.I.; none of these will arrest you in your bank lobby for making a transaction unless it involves making a transaction with counterfeit currency or a stolen banking instrument.
