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DownTime[_2_] August 5th 08 05:13 PM

Recent Boat Transactions
 
Just curious to know if anyone here has recently had a negative
experience in either buying or selling a boat. I have mine listed for
sale, and a potential buyer coming on Friday.

In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.

The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.

I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.

HK August 5th 08 05:23 PM

Recent Boat Transactions
 
DownTime wrote:
Just curious to know if anyone here has recently had a negative
experience in either buying or selling a boat. I have mine listed for
sale, and a potential buyer coming on Friday.

In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.

The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.

I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.



My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.

Jim August 5th 08 05:25 PM

Recent Boat Transactions
 

"DownTime" wrote in message
. ..
Just curious to know if anyone here has recently had a negative experience
in either buying or selling a boat. I have mine listed for sale, and a
potential buyer coming on Friday.

In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.

The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.

I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.


Set up an account in a local bank and use it for this transaction. Don't
release the boat until you have assurance from the bank that the transaction
has completed and the funds are available to you. I have done some
significant wire transfers and all went well.


[email protected] August 5th 08 05:37 PM

Recent Boat Transactions
 


A friend went to check out a flawless 25 ft Bilgeliner... Luckily, he
called a local Marina to set up a slip for the boat. The boat was
immaculate. The Marina operator asks " Is that the Green Bilgeliner in
the Boat For Sale Mag."?
He said yes, and the dude says " Stay away from it, it's needed a
transom for 10 years"
From the appearance of the boat, you would'nt think so.

Wayne.B August 5th 08 05:43 PM

Recent Boat Transactions
 
On Tue, 5 Aug 2008 12:25:20 -0400, "Jim" wrote:

Set up an account in a local bank and use it for this transaction. Don't
release the boat until you have assurance from the bank that the transaction
has completed and the funds are available to you. I have done some
significant wire transfers and all went well.


That is good advice. Do not accept a cashiers check under any
circumstances - there are a lot of scams out there.

Close out the wire transfer account when you are finished with it.


Tom G August 5th 08 05:49 PM

Recent Boat Transactions
 

"DownTime" wrote in message
. ..
Just curious to know if anyone here has recently had a negative experience
in either buying or selling a boat. I have mine listed for sale, and a
potential buyer coming on Friday.

In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.

The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.

I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.


My daughter, while working as a claims rep for a large ins. co. dealt with a
claim on a stolen Mercedes. The seller had sold it for $17,000 and accepted
a cashiers check for same. Buyer drove off with car and title and seller
took the check to the bank. Turned out that the check was for $17 and the
seller had cleverly added three zeros to the sum and somehow added the word
"thousand" also. Ins. co. paid on the claim and eventually found the car in
California but wasn't able to retrieve the car as the buyer had sold it to a
dealer for cash and the dealer had the title signed by the original owner.
I don't know if they ever found the thief but I'm sure they wouldn't have
had much luck getting any money back from him.

Tom G.



[email protected] August 5th 08 05:56 PM

Recent Boat Transactions
 
On Aug 5, 12:23*pm, hk wrote:
DownTime wrote:
Just curious to know if anyone here has recently had a negative
experience in either buying or selling a boat. I have mine listed for
sale, and a potential buyer coming on Friday.


In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.


The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.


I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.


My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.- Hide quoted text -

- Show quoted text -


Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....

[email protected] August 5th 08 05:57 PM

Recent Boat Transactions
 
On Aug 5, 12:37*pm, wrote:
A friend went to check out a flawless 25 ft Bilgeliner... *Luckily, he
called a local Marina to set up a slip for the boat. The boat was
immaculate. The Marina operator asks " Is that the Green Bilgeliner in
the Boat For Sale Mag."?
He said yes, and the dude says " Stay away from it, it's needed a
transom for 10 years"



Ah, so what? Harry's brand new Parker needs a transom too!

Eisboch August 5th 08 06:34 PM

Recent Boat Transactions
 

"DownTime" wrote in message
. ..
Just curious to know if anyone here has recently had a negative experience
in either buying or selling a boat. I have mine listed for sale, and a
potential buyer coming on Friday.

In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.

The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.

I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.



I sold a 52' Navigator for a bunch of money and accepted a personal check
that he sent in the mail.
Of course, he didn't move the boat for another four months because it was in
the middle of January. I figured that was safe.

Wire transfer is about the safest bet now-a-days, but even that has the risk
of exposing your bank account number.
I opened a seperate bank account and deposited the minimum amount of money
to keep it open. That account was intended to be used only for incomming
wire transfers. Problem is, I never used it, forgot about it and
eventually the monthly service fees exceeded the initial deposit I had made.
I got a notice from the bank saying my account was over drawn. Not
knowing *what* account they were talking about caused some nervous moments
until it was identified.

Eisboch



Richard Casady August 5th 08 06:35 PM

Recent Boat Transactions
 
On Tue, 05 Aug 2008 12:13:58 -0400, DownTime
wrote:

Just curious to know if anyone here has recently had a negative
experience in either buying or selling a boat. I have mine listed for
sale, and a potential buyer coming on Friday.

In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.

The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.

I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.


That's why they still make cash.

Casady

Don White August 5th 08 06:35 PM

Recent Boat Transactions
 

"DownTime" wrote in message
. ..
Just curious to know if anyone here has recently had a negative experience
in either buying or selling a boat. I have mine listed for sale, and a
potential buyer coming on Friday.

In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.

The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.

I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.


I sold my sailboat last year and accepted a partial transfer payment for
about 40% and a personal cheque for the remainder.
i was nervous, but the buyer and his wife were friends with on of my sons
friends.
This city is just small enough that you can find almost anyone...getting
money back is another matter though.



D.Duck August 5th 08 06:38 PM

Recent Boat Transactions
 

wrote in message
...
On Aug 5, 12:23 pm, hk wrote:
DownTime wrote:
Just curious to know if anyone here has recently had a negative
experience in either buying or selling a boat. I have mine listed for
sale, and a potential buyer coming on Friday.


In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.


The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.


I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.


My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.- Hide quoted text -

- Show quoted text -


Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....

=================================

ACH maybe, not wire transfers. There is a difference, ya know.



DK August 6th 08 02:34 AM

Recent Boat Transactions
 
wrote:
On Aug 5, 12:23 pm, hk wrote:
DownTime wrote:
Just curious to know if anyone here has recently had a negative
experience in either buying or selling a boat. I have mine listed for
sale, and a potential buyer coming on Friday.
In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.
The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.
I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.

My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.- Hide quoted text -

- Show quoted text -


Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....


He *and* his dealer took the check? Sounds like a repo.

DK August 6th 08 02:34 AM

Recent Boat Transactions
 
wrote:
On Aug 5, 12:37 pm, wrote:
A friend went to check out a flawless 25 ft Bilgeliner... Luckily, he
called a local Marina to set up a slip for the boat. The boat was
immaculate. The Marina operator asks " Is that the Green Bilgeliner in
the Boat For Sale Mag."?
He said yes, and the dude says " Stay away from it, it's needed a
transom for 10 years"



Ah, so what? Harry's brand new Parker needs a transom too!


Not according to WAFA. You do read the posts, right? He's NEVER wrong!

[email protected] August 6th 08 02:47 PM

Recent Boat Transactions
 
On Aug 5, 1:38*pm, "D.Duck" wrote:
wrote in message

...
On Aug 5, 12:23 pm, hk wrote:





DownTime wrote:
Just curious to know if anyone here has recently had a negative
experience in either buying or selling a boat. I have mine listed for
sale, and a potential buyer coming on Friday.


In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.


The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.


I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.


My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.


I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.- Hide quoted text -


- Show quoted text -


Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....

=================================

ACH maybe, not wire transfers. *There is a difference, ya know.- Hide quoted text -

- Show quoted text -


It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.

[email protected] August 6th 08 03:52 PM

Recent Boat Transactions
 


Ah, so what? Harry's brand new Parker needs a transom too!

Gee, I didnt know that. How did you find that out Loogy ?

Sorry for the reference to a " bad transom" , Harry. My appologies.

Scott


HK August 6th 08 05:20 PM

Recent Boat Transactions
 
wrote:

Ah, so what? Harry's brand new Parker needs a transom too!

Gee, I didnt know that. How did you find that out Loogy ?

Sorry for the reference to a " bad transom" , Harry. My appologies.

Scott



Did you hear the one about Loogy finding his wife in the kitchen, naked?

He got really excited, because, well, it had been a long time.

She seemed to be in the mood, so Loogy got down to business and, as
usual, he was "done" in his usual time.

Afterwards, Loogy asked what the occasion was...

"The egg timer was broken, and I know you like two minute eggs..."


:)



Vic Smith August 6th 08 05:53 PM

Recent Boat Transactions
 
On Wed, 6 Aug 2008 06:47:05 -0700 (PDT), wrote:


It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.


Yeah, I do major bank account transfers and there's a 3-4 business day
lag for the money to be posted from one bank to another.
Wire transfers have been even worse.
No excuse for it nowadays with most transactions occurring real-time.
But they must have some kind of suspense account manipulation going
on to maximize interest profit. So I think, anyway.

--Vic

[email protected] August 6th 08 06:19 PM

Recent Boat Transactions
 
On Aug 6, 12:53*pm, Vic Smith wrote:
On Wed, 6 Aug 2008 06:47:05 -0700 (PDT), wrote:

It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.


Yeah, I do major bank account transfers and there's a 3-4 business day
lag for the money to be posted from one bank to another.
Wire transfers have been even worse.
No excuse for it nowadays with most transactions occurring real-time.
But they must have some kind of suspense account manipulation going
on to maximize interest profit. *So I think, anyway.

--Vic


I agree

[email protected] August 6th 08 06:20 PM

Recent Boat Transactions
 
On Aug 6, 12:20*pm, hk wrote:
wrote:

Ah, so what? Harry's brand new Parker needs a transom too! *


Gee, I didnt know that. How did you find that out Loogy ?


Sorry for the reference to a " bad transom" , Harry. My appologies.


* * * * * * * * * * * * * * * * * * * * * * * * * Scott


Did you hear the one about Loogy finding his wife in the kitchen, naked?

He got really excited, because, well, it had been a long time.

She seemed to be in the mood, so Loogy got down to business and, as
usual, he was "done" in his usual time.

Afterwards, Loogy asked what the occasion was...

"The egg timer was broken, and I know you like two minute eggs..."

:)


Nah, Harry wouldn't say anything about anybodies wife and
children.......
What a scumbag.

JimH[_2_] August 6th 08 06:41 PM

Recent Boat Transactions
 
On Aug 6, 1:20*pm, wrote:
On Aug 6, 12:20*pm, hk wrote:



wrote:


Ah, so what? Harry's brand new Parker needs a transom too! *


Gee, I didnt know that. How did you find that out Loogy ?


Sorry for the reference to a " bad transom" , Harry. My appologies.


* * * * * * * * * * * * * * * * * * * * * * * * * Scott


Did you hear the one about Loogy finding his wife in the kitchen, naked?


He got really excited, because, well, it had been a long time.


She seemed to be in the mood, so Loogy got down to business and, as
usual, he was "done" in his usual time.


Afterwards, Loogy asked what the occasion was...


"The egg timer was broken, and I know you like two minute eggs..."


:)


Nah, Harry wouldn't say anything about anybodies wife and
children.......
What a scumbag.


Harry has been the subject in each of your 50 some posts today. I
think you and Scotty need to join the Harry Krause Anonymous Club.
Florida Jim is also a member. He said they meet every Thursday, with
each going to podium announcing "Hi, my name is xxxxxxx and I am a
Harry Krauseaholic.

[email protected] August 6th 08 06:52 PM

Recent Boat Transactions
 
On Aug 6, 1:41*pm, JimH wrote:
On Aug 6, 1:20*pm, wrote:





On Aug 6, 12:20*pm, hk wrote:


wrote:


Ah, so what? Harry's brand new Parker needs a transom too! *


Gee, I didnt know that. How did you find that out Loogy ?


Sorry for the reference to a " bad transom" , Harry. My appologies.


* * * * * * * * * * * * * * * * * * * * * * * * * Scott


Did you hear the one about Loogy finding his wife in the kitchen, naked?


He got really excited, because, well, it had been a long time.


She seemed to be in the mood, so Loogy got down to business and, as
usual, he was "done" in his usual time.


Afterwards, Loogy asked what the occasion was...


"The egg timer was broken, and I know you like two minute eggs..."


:)


Nah, Harry wouldn't say anything about anybodies wife and
children.......
What a scumbag.


Harry has been the subject in each of your 50 some posts today. *I
think you and Scotty need to join the Harry Krause Anonymous Club.
Florida Jim is also a member. * He said they meet every Thursday, with
each going to podium announcing "Hi, my name is xxxxxxx and I am a
Harry Krauseaholic.- Hide quoted text -

- Show quoted text -


please make a boating post so I can properly kf you with my new
reader..

Jim August 6th 08 06:59 PM

Recent Boat Transactions
 

"JimH" wrote in message
...

How's it going over at Chuck's joint. I hope you are behaving yourself.
(Chuckle)


[email protected] August 6th 08 07:04 PM

Recent Boat Transactions
 
On Aug 6, 1:41*pm, JimH wrote:
On Aug 6, 1:20*pm, wrote:





On Aug 6, 12:20*pm, hk wrote:


wrote:


Ah, so what? Harry's brand new Parker needs a transom too! *


Gee, I didnt know that. How did you find that out Loogy ?


Sorry for the reference to a " bad transom" , Harry. My appologies.


* * * * * * * * * * * * * * * * * * * * * * * * * Scott


Did you hear the one about Loogy finding his wife in the kitchen, naked?


He got really excited, because, well, it had been a long time.


She seemed to be in the mood, so Loogy got down to business and, as
usual, he was "done" in his usual time.


Afterwards, Loogy asked what the occasion was...


"The egg timer was broken, and I know you like two minute eggs..."


:)


Nah, Harry wouldn't say anything about anybodies wife and
children.......
What a scumbag.


Harry has been the subject in each of your 50 some posts today. *I
think you and Scotty need to join the Harry Krause Anonymous Club.
Florida Jim is also a member. * He said they meet every Thursday, with
each going to podium announcing "Hi, my name is xxxxxxx and I am a
Harry Krauseaholic.- Hide quoted text -

- Show quoted text -


Go whine somewhere else, you pussy.
I know YOU condone saying nasty untrue things about someone's wife and
children, because you go that low yourself.

HK August 6th 08 07:04 PM

Recent Boat Transactions
 
JimH wrote:
On Aug 6, 1:20 pm, wrote:
On Aug 6, 12:20 pm, hk wrote:



wrote:
Ah, so what? Harry's brand new Parker needs a transom too!
Gee, I didnt know that. How did you find that out Loogy ?
Sorry for the reference to a " bad transom" , Harry. My appologies.
Scott
Did you hear the one about Loogy finding his wife in the kitchen, naked?
He got really excited, because, well, it had been a long time.
She seemed to be in the mood, so Loogy got down to business and, as
usual, he was "done" in his usual time.
Afterwards, Loogy asked what the occasion was...
"The egg timer was broken, and I know you like two minute eggs..."
:)

Nah, Harry wouldn't say anything about anybodies wife and
children.......
What a scumbag.


Harry has been the subject in each of your 50 some posts today. I
think you and Scotty need to join the Harry Krause Anonymous Club.
Florida Jim is also a member. He said they meet every Thursday, with
each going to podium announcing "Hi, my name is xxxxxxx and I am a
Harry Krauseaholic.



It's actually "The Obsessed with Harry Club."

Imagine being Loogy's kid and knowing that Parent-Teacher Night is
coming up at the elementary school. The horror of it! :)


[email protected] August 6th 08 07:05 PM

Recent Boat Transactions
 
On Aug 6, 1:59*pm, "Jim" wrote:
"JimH" wrote in message

...

How's it going over at Chuck's joint. I hope you are behaving yourself.
(Chuckle)


What is it that Harry and his pet JimH do? Oh yeah.....

~snerk~

D.Duck August 6th 08 11:12 PM

Recent Boat Transactions
 

"Vic Smith" wrote in message
...
On Wed, 6 Aug 2008 06:47:05 -0700 (PDT), wrote:


It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.


Yeah, I do major bank account transfers and there's a 3-4 business day
lag for the money to be posted from one bank to another.
Wire transfers have been even worse.
No excuse for it nowadays with most transactions occurring real-time.
But they must have some kind of suspense account manipulation going
on to maximize interest profit. So I think, anyway.

--Vic


If it's taking 3~4 days it maybe an ACH (Automated Clearing House)
transfer. The old fashioned "wire transfer" can be done in a couple of
hours within baking hours.



Eisboch August 6th 08 11:18 PM

Recent Boat Transactions
 

"D.Duck" wrote in message
...

"Vic Smith" wrote in message
...
On Wed, 6 Aug 2008 06:47:05 -0700 (PDT), wrote:


It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.


Yeah, I do major bank account transfers and there's a 3-4 business day
lag for the money to be posted from one bank to another.
Wire transfers have been even worse.
No excuse for it nowadays with most transactions occurring real-time.
But they must have some kind of suspense account manipulation going
on to maximize interest profit. So I think, anyway.

--Vic


If it's taking 3~4 days it maybe an ACH (Automated Clearing House)
transfer. The old fashioned "wire transfer" can be done in a couple of
hours within baking hours.


The last couple of wire transfers we have done were completed within an hour
or so. Didn't seem to have a magic hour of the day or anything.

BTW .... back to the OP's question. He should ask what bank the other
party uses. I've done a couple of transactions where both parties used the
same, national bank. In that case, the funds can simply be transfered from
one account to the other at any branch office in a matter of minutes.

Eisboch



D.Duck August 7th 08 12:57 AM

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"Eisboch" wrote in message
...

"D.Duck" wrote in message
...

"Vic Smith" wrote in message
...
On Wed, 6 Aug 2008 06:47:05 -0700 (PDT), wrote:


It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.

Yeah, I do major bank account transfers and there's a 3-4 business day
lag for the money to be posted from one bank to another.
Wire transfers have been even worse.
No excuse for it nowadays with most transactions occurring real-time.
But they must have some kind of suspense account manipulation going
on to maximize interest profit. So I think, anyway.

--Vic


If it's taking 3~4 days it maybe an ACH (Automated Clearing House)
transfer. The old fashioned "wire transfer" can be done in a couple of
hours within baking hours.


The last couple of wire transfers we have done were completed within an
hour or so. Didn't seem to have a magic hour of the day or anything.

BTW .... back to the OP's question. He should ask what bank the other
party uses. I've done a couple of transactions where both parties used
the same, national bank. In that case, the funds can simply be
transfered from one account to the other at any branch office in a matter
of minutes.

Eisboch


What I find is that the bank/investment house account records I deal with
via the Internet are "updated" between mid-night and maybe 6AM. At least
that's when the information is available for me to view.

I make ACH transfers monthly and they take a couple of days to clear. An
"old fashioned" wire transfer that you describe can be processed and funds
available any banking day up till usually a 2PM cutoff time.



Vic Smith August 7th 08 02:14 AM

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On Wed, 6 Aug 2008 19:57:37 -0400, "D.Duck" wrote:


"Eisboch" wrote in message
m...



The last couple of wire transfers we have done were completed within an
hour or so. Didn't seem to have a magic hour of the day or anything.



I make ACH transfers monthly and they take a couple of days to clear. An
"old fashioned" wire transfer that you describe can be processed and funds
available any banking day up till usually a 2PM cutoff time.

I looked at my records and find that last year doing an account
transfer between two major banks took 4 days to posting.
This year - I do them every month or two - they are taking a day or
two.
I wasn't paying much attention since I had adjusted to doing the
transfers at least 4 days before I wanted the funds.
I cashed a couple CD's recently and each time it took at least 4
business days for the money to show up in my receiving account.
I was charged a "wire transfer" fee each time. About 20 bucks I
think. No big deal, but we do have different experiences.
I'll ask about their process next time I'm on the phone doing a wire
transfer.
But maybe not, since it's sometimes hard getting to the right person.
"Oh, I don't know. Would you like to talk to a wire transfer
supervisor?"
"That was sent immediately. You'll have to talk to the receiving
bank."
So I call the receiving bank. System is down.
Next day. "I can't see it in the system, but it might be in process."
Hardly a transparent process.
Not worth changing banks about though.

--Vic

D.Duck August 7th 08 06:53 AM

Recent Boat Transactions
 

"Vic Smith" wrote in message
...
On Wed, 6 Aug 2008 19:57:37 -0400, "D.Duck" wrote:


"Eisboch" wrote in message
om...



The last couple of wire transfers we have done were completed within an
hour or so. Didn't seem to have a magic hour of the day or anything.



I make ACH transfers monthly and they take a couple of days to clear. An
"old fashioned" wire transfer that you describe can be processed and funds
available any banking day up till usually a 2PM cutoff time.

I looked at my records and find that last year doing an account
transfer between two major banks took 4 days to posting.
This year - I do them every month or two - they are taking a day or
two.
I wasn't paying much attention since I had adjusted to doing the
transfers at least 4 days before I wanted the funds.
I cashed a couple CD's recently and each time it took at least 4
business days for the money to show up in my receiving account.
I was charged a "wire transfer" fee each time. About 20 bucks I
think. No big deal, but we do have different experiences.
I'll ask about their process next time I'm on the phone doing a wire
transfer.
But maybe not, since it's sometimes hard getting to the right person.
"Oh, I don't know. Would you like to talk to a wire transfer
supervisor?"
"That was sent immediately. You'll have to talk to the receiving
bank."
So I call the receiving bank. System is down.
Next day. "I can't see it in the system, but it might be in process."
Hardly a transparent process.
Not worth changing banks about though.

--Vic


Hell Vic, it's only money. 8)





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