If this would be better in a money section or something please move.
Hi guys, A friend of mine just called me for advice (my friends think im smarter than I am, its not hard given my friends) hes putting a deposit down on a car over the phone but the traders card machine is broken so the guy has asked him to go to the [traders] bank and deposit the money into his account, he has given my mate the sort code, account number, name, etc but the guy doesn't know how safe this is.
I know BACS are safe but this isn't account to account its just a deposit, obviously he will have a receipt to say he deposited the money into the traders account but what if the trader tries to screw him, does she have any protection, surely the trader couldn't claim that money into his business account from a 3rd party was a gift or something.
I'm inclined to think its safe but then I shot myself with a staple gun...
Hi guys, A friend of mine just called me for advice (my friends think im smarter than I am, its not hard given my friends) hes putting a deposit down on a car over the phone but the traders card machine is broken so the guy has asked him to go to the [traders] bank and deposit the money into his account, he has given my mate the sort code, account number, name, etc but the guy doesn't know how safe this is.
I know BACS are safe but this isn't account to account its just a deposit, obviously he will have a receipt to say he deposited the money into the traders account but what if the trader tries to screw him, does she have any protection, surely the trader couldn't claim that money into his business account from a 3rd party was a gift or something.
I'm inclined to think its safe but then I shot myself with a staple gun...