Sunday, December 4, 2011

What's the easiest and most immediate way to send money to another person through bank of america?

I'm going to be buying a car from another person for 10k and I was wondering what is the easiest way to send them the money because I'd rather not hand them 10k in cash cause it's not that safe sounding to me. I'd prefer if it was immediate and if they could transfer it from my savings account.|||If that person also has a Bank of America account, you can do it online in a matter of minutes.





You can also do a wire transfer online at B of A if the seller has a checking account at a different bank.





There is a daily dollar limit of $1000 per transfer, but that can be increased to $10,000 when you use their verification service (SafePass). There are also weekly limits of $2500 (without SafePass) and $20000 (with SafePass). You will need to have a cell phone or email account to use SafePass.





However, in both instances you will need the sellers checking account and routing number, and my guess is they won't give that to you so readily.





Ask the seller if they'll take a tellers check issued by your bank. Or, you could do the transaction at your bank. Have them drive the car to your house, remove the plates, then drive the seller to your bank. You give him the cash, he gives you the signed title AND a Bill of Sale, preferrably notarized. You then take the title, BOS, and insurance to the DMV for the new plates and registration.





Have you checked the title of the car? Do they have a free and clear title?|||Here there are good sites on business http://webfin2.notlong.com/3AArObj

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