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BoxheadTim
BoxheadTim HalfDork
3/20/10 10:58 a.m.

The new owner just picked her up. Even though I didn't have her that long I'm still a bit sad . Oh well, I keep telling myself it's for a good cause.

As an aside, I wish they gave up the pretense here that the GBP is still worth money and issued some higher denomination notes. The largest note you get in the UK is a 50 and most shops won't take that. The buyer - who brought cash - had to pay me in 5s, 10s and 20s...

mistanfo
mistanfo Dork
3/20/10 11:45 a.m.

Ok, now that's funny. Must have looked like a drug buy.

asterisk
asterisk New Reader
3/20/10 11:50 a.m.

How many suitcases does that fit in?

BoxheadTim
BoxheadTim HalfDork
3/20/10 11:54 a.m.

I does look like a small drug buy - they're brand new and still in bundles complete with paper wrapper. Oh, and a lot of them are have consecutive numbers. Trying to pay them in at the bank on Monday is going to be a tad amusing as I'm pretty sure they're close or above the limit where the bank has to make additional money laundering checks as well.

AngryCorvair
AngryCorvair SuperDork
3/20/10 12:08 p.m.
BoxheadTim wrote: Trying to pay them in at the bank on Monday is going to be a tad amusing as I'm pretty sure they're close or above the limit where the bank has to make additional money laundering checks as well.

so make two trips to the bank.

BoxheadTim
BoxheadTim HalfDork
3/20/10 12:10 p.m.

I think I'm making one trip to each bank I have a checking account with. Having bank accounts with two banks is occasionally useful .

mr2peak
mr2peak New Reader
3/20/10 3:24 p.m.

Do buyers usually use a cashiers check?

BoxheadTim
BoxheadTim HalfDork
3/20/10 3:38 p.m.

Not over here (UK), if it's a private sale, it's often cash. The alternative would've been a banker's draft (UK version of a cashiers check) but that would normally entail meeting the buyer at the bank so they can verify its authenticity as they've been known to be forged.

To make matters more complicated the new owner came over from Germany to buy the car and anything but cash would have been a massive hassle.

jrw1621
jrw1621 Dork
3/20/10 3:51 p.m.

Would Euros have been easier?
Do Euros come in high denominations?
Here in the States the highest common denomination is the 100 USD so your 50 GBP is only twice as many bills.

mtn
mtn SuperDork
3/20/10 3:56 p.m.

I'm sorry to hear about your loss, I hope she went to a loving owner.

I work as a caddy, which means I get paid in cash--usually 110 or 220 a day. Sometimes I won't get off of work until after the bank closes. One time, I was in the bank depositing over 3000 dollars, and the cops were there. They overheard, and came over to check me out. That was fun.

patgizz
patgizz SuperDork
3/20/10 7:10 p.m.
mtn wrote: I'm sorry to hear about your loss, I hope she went to a loving owner. I work as a caddy, which means I get paid in cash--usually 110 or 220 a day. Sometimes I won't get off of work until after the bank closes. One time, I was in the bank depositing over 3000 dollars, and the cops were there. They overheard, and came over to check me out. That was fun.

i wouldnt deposit cash i made in the bank. papertrail. the government is watching you

a401cj
a401cj New Reader
3/20/10 7:17 p.m.

folks,

buying, selling, and banking are far easier in the US than anywhere else on the planet. That is a fact

4eyes
4eyes Reader
3/20/10 7:21 p.m.

I miss $1,000 dollar bills, and when a new car was less than a dozen of them.

aussiesmg
aussiesmg SuperDork
3/20/10 7:29 p.m.
a401cj wrote: folks, buying, selling, and banking are far easier in the US than anywhere else on the planet. That is a fact

Australia and the US are almost identical in this regard

Jay
Jay Dork
3/20/10 8:47 p.m.
a401cj wrote: folks, buying, selling, and banking are far easier in the US than anywhere else on the planet. That is a fact

Hah! Then why can't you do the kind of easy wire transfers we have in Germany? Buy something on Ebay, just push the money into the other guy's account. No fees, no Paypal, no dodgy 3rd parties, simple. Takes two days to clear.

I tried to wire my dad some money (to a Canadian branch of a US institute.) My bank said no problem, just get us this and this information from your dad's branch. My dad's bank at first had no clue what I was trying to do, then said they didn't have that facility, then finally wanted to charge a $35 "receiving fee" for frigging two lines of computer code. I ended up bringing him cash, in Euro, the next time I saw him, and he went to some money changer who gave him a better rate than the bank would have. Sorry, but the North American banking system is beyond asinine.

Last I heard you guys still sent cheques around in the mail? Yeah, I can see why.

Jay
Jay Dork
3/20/10 8:51 p.m.
BoxheadTim wrote: Not over here (UK), if it's a private sale, it's often cash. The alternative would've been a banker's draft (UK version of a cashiers check) but that would normally entail meeting the buyer at the bank so they can verify its authenticity as they've been known to be forged. To make matters more complicated the new owner came over from Germany to buy the car and anything but cash would have been a massive hassle.

Hehe, when I had my rollbar installed I flew into the UK to pick up my car and paid in Sterling. We met in front of the other guy's bank where I took out a grand in cash from the ATM (on two cards because of my daily limit!), then he turned around, went into the branch and put the money back in. I'm sure we looked like a couple of real respectable professionals.

Stealthtercel
Stealthtercel Reader
3/20/10 9:36 p.m.

Let me get this straight: mtn is in his bank (private commercial premises), conducting a completely legal transaction, and police officers who happen to be in these private premises for other unrelated reasons think that this merits their attention, and nobody tells them to eff off? Please let me know if I'm misinformed, but would this sort of police behaviour not ring "harassment" bells all over the county, not to mention "jurisdiction," "lack of probable cause," and "what the hell were you thinking"?

Giant Purple Snorklewacker
Giant Purple Snorklewacker SuperDork
3/21/10 1:13 a.m.
Stealthtercel wrote: Let me get this straight: mtn is in his bank (private commercial premises), conducting a completely legal transaction, and police officers who happen to be in these private premises for other unrelated reasons think that this merits their attention, and nobody tells them to eff off? Please let me know if I'm misinformed, but would this sort of police behaviour not ring "harassment" bells all over the county, not to mention "jurisdiction," "lack of probable cause," and "what the hell were you thinking"?

+eleventybillion

I just walked in to the bank after selling my truck and slapped $7300 on the bar. No one blinked an eye. I'm sure I'm little fish in these waters. Methinks mtn may have a flair for the dramatic ;)

BoxheadTim
BoxheadTim HalfDork
3/21/10 3:37 a.m.
jrw1621 wrote: Would Euros have been easier? Do Euros come in high denominations? Here in the States the highest common denomination is the 100 USD so your 50 GBP is only twice as many bills.

Euros do come in higher denominations, but the sensible note for this kind of transaction (E500) is rumoured to be mostly in circulation in places like South America and South-East Asia to pay for a certain type of "local produce" that tends to be paid for in cash on collection.

Trouble is that I'd then have to deal with exchanging cash and the exchange rate for cash over the counter isn't exactly in my favour. I don't have any bank accounts in Germany anymore, otherwise I would've just told him to put the money in there...

mtn wrote: I'm sorry to hear about your loss, I hope she went to a loving owner.

That's certainly the impression I was getting - I had several offers around the same money and these guys came out top simply because they wanted a nice Elise to drive, didn't want to turn her into a race car, stick bodykits on and all that.

BoxheadTim
BoxheadTim HalfDork
3/21/10 3:50 a.m.
Jay wrote:
a401cj wrote: folks, buying, selling, and banking are far easier in the US than anywhere else on the planet. That is a fact

Hah! Then why can't you do the kind of easy wire transfers we have in Germany? Buy something on Ebay, just push the money into the other guy's account. No fees, no Paypal, no dodgy 3rd parties, simple. Takes two days to clear.

I tried to wire my dad some money (to a Canadian branch of a US institute.) My bank said no problem, just get us this and this information from your dad's branch. My dad's bank at first had no clue what I was trying to do, then said they didn't have that facility, then finally wanted to charge a $35 "receiving fee" for frigging two lines of computer code. I ended up bringing him cash, in Euro, the next time I saw him, and he went to some money changer who gave him a better rate than the bank would have. Sorry, but the North American banking system is beyond asinine.

Last I heard you guys still sent cheques around in the mail? Yeah, I can see why.

+1. The banking system here in the UK is far from perfect (bank/wire transfers have only recently become more common, for example) but at least people mostly stopped sending cheques around. Mostly. And if you're with a bigger bank, you can usually transfer money to another account with another big bank within two hours.

I love receiving fees, too - for me they fall under the classic "because we can fee" envelope. I have to send my wife the monthly bill money and given that our experience with Paypal is a little less than stellar, I send the money using my UK bank's international transfer system. So I pay a fee and I pay for the conversion into $ via the exchange rate and they still charge her $12 to receive money that's coming from the US branch of another bank and has already been converted into $.

mtn
mtn SuperDork
3/21/10 11:10 a.m.
patgizz wrote:
mtn wrote: I'm sorry to hear about your loss, I hope she went to a loving owner. I work as a caddy, which means I get paid in cash--usually 110 or 220 a day. Sometimes I won't get off of work until after the bank closes. One time, I was in the bank depositing over 3000 dollars, and the cops were there. They overheard, and came over to check me out. That was fun.

i wouldnt deposit cash i made in the bank. papertrail. the government is watching you

I report it to the IRS. No worries there.

Wally
Wally SuperDork
3/21/10 11:17 a.m.

If it makes you feel better I have no Elise either.

porksboy
porksboy Dork
3/21/10 1:33 p.m.

Cash goes in the safe and is used for groceries, gas, etc. Just about anything paid for in person without any name or account # needed. Of course this is side work that i do. My regular income has enough siezed from it.

BoxheadTim
BoxheadTim HalfDork
3/21/10 3:26 p.m.
Wally wrote: If it makes you feel better I have no Elise either.

Thanks .

a401cj
a401cj New Reader
3/21/10 3:32 p.m.
Jay wrote:
a401cj wrote: folks, buying, selling, and banking are far easier in the US than anywhere else on the planet. That is a fact

Hah! Then why can't you do the kind of easy wire transfers we have in Germany? Buy something on Ebay, just push the money into the other guy's account. No fees, no Paypal, no dodgy 3rd parties, simple. Takes two days to clear.

I tried to wire my dad some money (to a Canadian branch of a US institute.) My bank said no problem, just get us this and this information from your dad's branch. My dad's bank at first had no clue what I was trying to do, then said they didn't have that facility, then finally wanted to charge a $35 "receiving fee" for frigging two lines of computer code. I ended up bringing him cash, in Euro, the next time I saw him, and he went to some money changer who gave him a better rate than the bank would have. Sorry, but the North American banking system is beyond asinine.

Last I heard you guys still sent cheques around in the mail? Yeah, I can see why.

Ok..maybe "anywhere else on the PLANET" was a stretch. All I know is that when I lived in Europe (Italy) the banks acted like they were doing you a huge a$$ favor every time you walked in the door. Colleagues told me that other European countries were pretty much the same. That's what I based my comment on.

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