Selling an RV/payment
I will be selling my RV a few months later and need to understand how I can safely receive a payment. I want to sell to a private party. It's going to be selling for 40-45K. Receiving bank wire won'...
Forum Discussion
Walaby wrote:
OP has stated he's not going to transfer or deposit in his bank.
He wants to meet purchaser at a branch of the PURCHASERS bank, have the bank make the withdrawal and he walks out of the bank with the cash.
Not necessarily how I would do it, but Im not him.
I sold a 66 Fairlane to an out of state purchaser for 7K.
Purchaser sent me a cashiers check and also paid for a transport company to pick the car up. I told purchaser no picking up car until cashiers check cleared my bank. It took three days for bank to release the funds into my account. Once cleared, transport company showed up, all good.
Mike
If the OP cashed the check and gets cash it will still be reported to the feds
And unless the OP is putting the money in a mattress a bank/credit union/brokerage etc. will also be reporting the transaction.
So instead of ONE transaction being reported, two will be reported.
Less headache to use a transfer between accounts
