Safest Payment Method?

[big bubba]

Electronic funds transfer..... No transfer, no title, no keys, no vehicle....

this is how i will sell my tractor in a year or 2, don't bring the trailer till funds are confirmed transferred to my bank.

 

[homedad]

The last tractor I purchased the seller said cash only. My bank was incredibly interested in why I was taking out so much cash and was worried that I was getting scammed. They also didn't have $22k and I had to wait 4 days.

 

[CloverKnollFarms]

Cashiers Check

 

[WranglerX]

Cashiers Check

NOt alway a good process..... When settling my mother trusts I got cashiers check from her bank and closed out her account, I had sons bank account numbers and I went to deposit the check in his bank, his account.... First thing teller said to me was "not much money in that account" (sons account) ... What!!!!, trying to put money into that account.... Had to wait for some sub manager moron come and approve and instruct teller to do transaction, in meantime I had to explain to security guard why I was standing near the wall like criminal scoping out the place to rob it that I was waiting for management type to help with transaction......In all the years I have been banking, I have never had a transaction go easy/correct with that particular bank entity (not my bank!).... With all the apps and bank capabilities, I only deal with virtual/digital monies managed by my personal bank for large mounts.......

And today you now have banks that actually have no physical public presence (everything is via internet) .... Pretty hard to get immediate/timely cashiers check....

 

[part-time-Farmer-NC]

That is exactly why I am changing banks. LGFCU and SECU are splitting and LGFCU is becoming an online presence only in Sept I think it is. I don't like being unable to go in person for some things. Just me perhaps, doesn't matter though it's my $$$.

 

[ultrarunner]

I got burned on a cashiers check and it took 8 days to be notified by my bank of the chargeback…

 

[Southernspeed]

All they need to do is get a bundle of fresh $1 bills, and tumble your funny money with it in the drier, with some poker chips. The funny money comes out a little worn looking and the ink transfers, so the marker test shows the ink is correct.

Sounds like you're talking from experience

 

[jigs_n_fixtures]

Sounds like you're talking from experience

A friend explained why Secret Service were concerned with people getting lots of new bills.

 

[Jstpssng]

An aside to this;
Crooks have devised a counterfeit $100 bill that will pass the marker test. Google it.

Try one of those pens on a newspaper, and you will quickly lose faith in them.
I'm not sure if it's true or not but have heard of organised crime deinking dollar bills and using the blanks to make 100s.

 

[Lgim]

hmm... just an observation but in 4 pages no one has mentioned crypto (of any flavor)??

I would think 15 -16 ounces of gold would get you in the ball park also.

g