Are Bank Drafts Ok Now - Anything To Look For ?

[greggster]

i agree with the last 2 posts, i don't think a bank will confirm the validity of a bankers draft these days without taking it to your local branch - well at least HSBC won't.

 

[Dieselman]

HSBC need only a few hours notice to issue a draft. He can ask for it to be drawn and ready at a branch of his choice.

I wouldn't wait until the day to ask them for one, because a signatory might not be available.
It's years since I needed a draught and the bank required 24Hrs notice, but as they like me did one for £75k within 2Hrs.

 

[IanA2]

I wouldn't wait until the day to ask them for one, because a signatory might not be available.
It's years since I needed a draught and the bank required 24Hrs notice, but as they like me did one for £75k within 2Hrs.

It's not Dave that's drawing the draft...it's the purchaser. HSBC deffo don't need 24hrs. Got the teeshirt

 

[DSLiverpool]

Nice buyer is ahead of me, asked which branch, will sort tuesday and coming up to collect weds - I feel a bit naked with no SL and no pinball (Im missing the pin already and it only went this morning) BUT just been for a long trip into NWales in the Aston and the world is a happier place.

 

[wxmclk]

HSBC need only a few hours notice to issue a draft. He can ask for it to be drawn and ready at a branch of his choice.

So, he arranges for it to be ready at the branch next to yours...you go with him when he picks it up.....Bob's your uncle!!

Yes I too can vouch for HSBC and its ease in terms of time in getting a draft issued. So long as the HSBC branch isn't small one it takes around an hour- did for me anyhow when I bought my last car few months back

 

[w124coupe]

The process at Lloyds is quick. Counter staff check ID and write out the cheque then the supervisor checks ID and cheque and give it to you. 10 mins.

 

[w124coupe]

Sorry I didn't make myself clear - but a Building Society Cheque (often called a Counter Cheque not a personal cheque) is the same as a Bank Draft....once issued can't be stopped...only difference is what they call them..lol

They are larger than personal cheques and have to be signed by a member or staff. So they are cheques issued from the Society to you and not from the saver.

Sorry - symantics...lol

no rpb - the only reason I raised it was your example of A&L - they are a Bank not a B/Soc.

The key is the cheque is raised on the Bank's account not the individual's.

 

[Dieselman]

It's not Dave that's drawing the draft...it's the purchaser.

I realised that, just didn't want there to be problems on the day.

 

[jaymanek]

once issued can't be stopped...only difference is what they call them..lol

Not true im afraid..

A lot of scams with bankers drafts recently... Although technically they cant be stopped.. people are calling the issuing branch saying they have lost the draft a few hours after they collect at which point it can be cancelled.

Safest way is to go to the bank with him as has been mentioned...

 

[DSLiverpool]

Thanks for input on this guys - its always been a pain getting a safe payment that suits both parties but Im ok with it.

Im off to have a long goodbye drive in it today and give it a wash sentimental old sod I am

 

[buccal]

Did the buyer know about the car through this forum Dave? (and therefore it was legit)

I'm still amazed people will buy unseen, i wish i was that brave as i keep missing the really rare/bargain stuff

 

[x332race]

Chap just bought my CLK virtually unseen.....phoned me....did negotiation on phone and then turned up 1 hour later with cash.....deal was subject to inspection / verifying that the car was in the condition described (it was!)

 

[DSLiverpool]

Did the buyer know about the car through this forum Dave? (and therefore it was legit)

I'm still amazed people will buy unseen, i wish i was that brave as i keep missing the really rare/bargain stuff

No he saw it on ebay and took my word on the interior and mechanics which are 100%, he is of the same mind as myself in that a bit of paint doesnt scare me if its honest paint. I sent him pics of the stone chip and roof miss scratch and knocked the price of the paint off the deal