Large cash payment for a car - legit?

Large cash payment for a car - legit?

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Discussion

JiggyJaggy

Original Poster:

1,451 posts

140 months

Thursday 19th November 2015
quotequote all
We are looking to sell one of our company cars this weekend and a chap form up north wants to come and pay cash. Its circa £40k so Im wondering if there are any issues or ramifications with this? I have suggested he places the cash straight into our business account but being a Saturday collection I'm not sure if any banks in central London are open.

Im also slightly edgy about the security aspect. Anyone has any recent experiences or advise they can offer?

JiggyJaggy

Original Poster:

1,451 posts

140 months

Thursday 19th November 2015
quotequote all
Just realised the oxford Street branch is open until 2pm on Saturday's. Best not to take any chances with this one I think.

JiggyJaggy

Original Poster:

1,451 posts

140 months

Thursday 19th November 2015
quotequote all
blindswelledrat said:
I know Metrobank in central London is open Saturday all day (and Sunday)
Easy to open an account with too. They are the only bank I have come across who will open accounts without an appointment.
Worth knowing, thanks.

JiggyJaggy

Original Poster:

1,451 posts

140 months

Thursday 26th November 2015
quotequote all
Well the chap in question didn't even turn up on the weekend which says a lot in itself!