Selling a car - receiving money by bank transfer

[66comanche]

Sold my car today, well took a small cash deposit anyway.

Buyer was comfortable with either cash or bank transfer. My instinct is always cash, but for reasons I'll expand on, this isn't necessarily the most comfortable option in this case.

I have offered (to sweeten the deal) to bring the car some distance closer to the buyer and I will get the train home, so I'm wary of carrying several thousand quid in cash around the handover area and public transport home (especially when buyer knows this).

My question is have private sellers used bank transfer to receive the money? Is it 100% safe, ie once transferred that's it, there is no way to reverse the transaction? Have had some dealings with banks through work and they always seemed very wary of saying 'yes the money is definitely there', instead trying to cover their arses saying it could be returned for one reason or another.

[David87]

I've received payment electronically a couple of times and it's been absolutely fine. To be doubly sure, I've had it transferred by the buyer into my current account and then I transfer it through online banking into my savings straight away. That should stop any possibility of it being reversed by the buyer!