Question: bank wire

I would talk to your private banker and have them arrange a transfer directly to the bank and have your bank put the funds in your account. That way the buyer will not have your account information, only your name and contact information. Kind of like an escrow agent (a go between).

No feedback....don't do business. period.

I have the same attitude as TonyM toward sellers with no feedback. However, if the transaction seems to provide protection, it’s probably worth trying.

audioluvr wrote: »

Is he a Nigerian prince?

Maybe...

Easy Runnin wrote: »

I sold a boat in New Jersey to an unknown buyer in British Columbia through CL. I setup a new account, had the buyer wire the funds to the new account in advance, I transfer the money to my regular account and then closed the new account. His transport company took the boat 2 days later. Worked for me.

That's the only way to do it right there.
My PP account is that way. I have a separate bank account for PP so the only money ever in it is money going out or coming in.

It is my understanding that....if the wrong person has your account number and routing number....they could in theory empty that account of any funds you may have. I would stay away.

Transferwise is legit. My wife used it all the time while living in London. Of course the buyer doesn't need your banking info, but Transferwise obviously would. Their niche is handling international banking transactions.

No comment on the the absence of feedback on the seller, but regarding international money transfers:

I haven’t used Transferwise, but I have used OFX (ofx.com) multiple times. It sounds like the same idea. Basically, you are avoiding the 3% that banks include in the exchange rate offered, which will save you hundreds or thousands of dollars (depends on the amount of the transfer).

You never actually give your account information to the recipient, but they have to give you theirs. As for nefarious use of said information, I’ve never tried, so I wouldn’t know how I would go about trying to steal money from a recipient’s account.

This is how it works:

1) Recipient requests 10,000 EUR (for example).
2) I ask for a rate from OFX.com




3) I create a recipient, using their bank information as provided. Sample screen below.





4) I set up an overnight transfer from my own bank to the account of OFX for 12,368,58, according to the rate offered.
5) OFX awaits my funds.
6) Once received (next day) OFX initiates the transfer to the recipient at the agreed rate, regardless of any exchange rate fluctuations that may have occurred.

N.B.

• You cannot reverse a transfer once completed.
• Your recipient NEVER gets your bank information, but you DO get his/hers.
• My first transfer ever was a large amount. I was called by OFX to ask about the reasons for the transfer. They explained that it was a requirement. Something to do with homeland security and/or money laundering.
• Every subsequent transfer was completed online, without ever having to talk to an agent, even when the recipient was different, including in a different country or currency.
• OFX requires two factor authentication, but if you’re using iOS or iPadOS, the code can be automatically pasted into the field, without you having to manually type it out. Transferwise may be different.