Taking payment for a used car - safely

Taking payment for a used car - safely

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CIS121

Original Poster:

1,265 posts

215 months

Wednesday 8th March 2023
quotequote all
Hi,

Selling a car now privately - around 7k, I've advised the buyer that I need to see the funds cleared in my account before handing over the car, but this should be instant now

Is there any risk that a bank transfer can be reversed once it appears in my account?

CIS121

Original Poster:

1,265 posts

215 months

Wednesday 8th March 2023
quotequote all
Super, thanks folks

My main concern - if once the money shows in my account it can later be reversed, but sounds like it can't. Thanks!