should I BEWARE ??

[Twister_Ken]

Sounds like the best idea

> If you are concerned about giving account no and sortcode away speak to your bank about opening an a/c just for this one transaction and then close it.<

Easy peasy and risk free, especailly if you set up an immediate transfer to your 'real' account the instant funds come into the new one.

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[extravert]

I think that you have probably had plenty of advice here, even from our resident bank manager, but I have recently been through this experience of selling a boat abroad, so I'll tell you what I did.

I sold my boat to a Swede who I had met, whose address and phone number I had, but even so I still contacted my bank and asked how to receive payment safely. Their response was a single transaction bank account as suggested already, then a CHAPS payment. This went through smoothly and without any extra charge for me.

This creates little delay or cost for the prospective purchaser. If he is genuine and wants to buy then he will agree to this.

<hr width=100% size=1>Adventures of the VAT unpaid <A target="_blank" HREF=http://www.xrayted.fsnet.co.uk>Teddy Bear Boat</A>

 

[jac]

If you go down this route be careful about asking for a Chaps payment from the transaction a/c to your real a/c. Banks charge about £20-£25 for a Chaps payment. If your single transaction a/c is at the same bank and branch as your main a/c they should just transfer it for free.

I have visions of someone at the counter taking the fee for an unnecessary reason.

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[Sybarite]

" I'm not sure what the legal position would be if you received money innocently from a criminal - maybe a lawyer would care to comment on fee free basis of course! "

I'm not a lawyer but I would have thought that nobody could take the money from you provided you acted in good faith and took reasonable precautions. Any recourse would be against the buyer and the value transformed into the boat.

A few years ago I was FD of a car rental company and we tracked one of our stolen cars down in Scandinavia. We impounded it but had to release it because the current owner had bought it in good faith at a car auction - much to the consternation of our own in-house legal department.

John


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[vyv_cox]

Is that a Scandinavian law? I always understood that the opposite applied in UK. Buying a stolen car unknowingly is no excuse, it goes back to the legal owner. Seem to have been many consumer TV programmes to this effect.

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[BalmainBug]

Re: Don\'t you ever...

Precisely....

On eBay, quite a few of the sellers poo poo my idea of a direct bank transfer, presumably because they don't want me to know their bank account number, but when I have finished the transaction, they know my name, address, sort code, account number and they even have a specimen of my b****y signature.

Then when they've got all that they still might not send the goods!

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[duncan]

Re: Don\'t you ever...

glad someone responded to poor old PVB!

it is worth bearing in mind that others on eBay publish their bank details in the payment section of a for sale notice for the whole world to see. They should be worthless as they are effectively get into the public domain with any and all cheque transactions.
Unfortunately credit card details are the same - many stubs/slips you are given even have your expiry date clearly printed on them as well as the numbers etc.

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[Sybarite]

I believe it is the law in several European countries. Our in-house law dept was UK based which explains their reaction. They wanted to override the advice given by our French lawyer until they found that we had a £500 a day liability as long as we held it from its 'legal' owner.

Our only recourse was to try to work back up the chain to where the passage of title was clearly illegal.

John

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[tcm]

we send bank detail all over the place. If you are dead wurrid, call yr bank to open a new account, same owner etc, just for one account. Definitely no harm then! If he doesn't want to see the boat, who cares? Note that the pound has slumped 15% so it's a bargain if he's in euros. Lots of people buy things unseen. Keep talking. Tellim account details and the deal. When the money reaches the account, it's his boat.


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[tcm]

so what happened? nm

.

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[warrior40]

Re: so what happened? nm

He actually sent me his full contact details, in Nigeria, but I didn't bother replying again, and I have heard nothing since. I spoke to Phil @ boatsandoutboards and he was saying that there are a few scams going on along these lines, in fact he has been passing info on to Scotland Yard. I didn't feel like going any further with it.

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[vyv_cox]

Nigerian scams

I remembered this thread when I received this one

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