GT40s.com - View Single Post - Help Please! Shipping a car from US to Spain

Ian Anderson · 03-09-08, 05:11 PM

Dave

On the electronic / wire transfer if your bank notifies you the funds have hit your acount then they are good.

It is not like a cheque that can be bounced and you only find our a month later.

But be advised that most banks in Europe will say there is a minimum transfer time of 3 days. (They normally say 5) This is actually false but you may not see the money in your account till mid week.

If at all worried ask the seller to get the SWIFT100 message from his bank (It is a bank telex) and then have your bank confirm it has arrived - they may then also confirm the value date (cleared funds in your account) is immediate or a few days hence. (Your bank will not be able to trace the SWIFT without the magic reference numbers from the sending bank - like tryong to find a needle in a haystack)

Ian (Sad accountant?)

03-09-08, 05:11 PM	#3 (permalink)
Ian Anderson IanAnderson Gold Supporter Join Date: Nov 2003 Location: Heathrow, Londo GT40: Dax 40 Mk1 (Rov Posts: 1,355 Rep Power: 19	Re: Help Please! Shipping a car from US to Spain Dave On the electronic / wire transfer if your bank notifies you the funds have hit your acount then they are good. It is not like a cheque that can be bounced and you only find our a month later. But be advised that most banks in Europe will say there is a minimum transfer time of 3 days. (They normally say 5) This is actually false but you may not see the money in your account till mid week. If at all worried ask the seller to get the SWIFT100 message from his bank (It is a bank telex) and then have your bank confirm it has arrived - they may then also confirm the value date (cleared funds in your account) is immediate or a few days hence. (Your bank will not be able to trace the SWIFT without the magic reference numbers from the sending bank - like tryong to find a needle in a haystack) Ian (Sad accountant?) __________________ Purchased a pile of bits said to be a DAX40, Got it on the Road June 2006 (Thanks Paul) Still tweaking EFi and getting used to driving with a grin on my face!