Re: \Why You Don't Pay Cash For Cars From Strangers
I just spoke to my friend about this earlier. He checked with his bank before the transfer from Japan..He said the bank sending the money honors the transaction and once transferred it cannot be pulled back.
Maybe different levels of wire transfers..i.e. if a guy gives a bank a check from another bank (A) to bank (B)and (B) transfer the money to (C) and then the check bounces B pull it back form (C)
..but my friend said his bank told him as soon as it was in his account it was as "good as gold" per his bankers terminology.
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