Hey Ozbargin forum.
Looking at buying a secondhand car with cash and was wondering how to actually do it as I bank with ING.
Their website suggests over the counter Bank@post withdrawals of $2200 daily is the only way.
Anyone out there done this?
It might get the Auspost people excited if I turn up every day…
if you know the amount bank cheque ? ?
Fair points, it's just that being able to negotiate with around 10K cash in your pocket
i would prefer to sell my car to a person that DOESN'T carry $10k in their pocket
a paper trail is always good if/when something goes wrong
Take say $9000 as a bank cheque and $1000 in cash. I did something similar when buying privately. I had already agreed to the price but stated it was subject to a satisfactory NRMA inspection, which found some problems of course.
The only method I know to achieve this would be to transfer the money to another bank that has tellers and no withdrawal cap for teller transactions. For $10,000+ you may want to ring this alternate bank ahead of time.
You can raise your ING transfer limit to $20,000 per day.
Of course, I don't have many bank accounts with accessible tellers and usually shut them down after I get my bonus :)
Like that, now we need an app that prints physical bitcoins:-)
I've done $2200 through ATM once a day too - just remember that the ATM operator fee is included in this amount so you might have to do $2150 or something per day
Thanks - wow, you can withdraw 2000 in cash in one day!, so I assume multiple visits in the same day to take out whatever the max single withdrawal limit is?
No, one visit per day over multiple days :(
Why pay with cash?
How much are you talking about?