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Old 11-30-2007, 01:58 PM   #19
fatmike
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Join Date: Aug 2007
Location: New Jersey
Posts: 691
Thanks all. There is some good info here. What's interesting is that there isn't a simple obvious way to do this. Every method has trade-offs.


I spoke to my bank today (which was some good advice) and they told me the pro's and con's of certified checks, bank checks and wires. As PTEAM indicated, a wire goes into a "pending" status and it can in rare cases be reversed until it "clears". That usually takes 24 hours. I won't explore the check options because he really doesn't have an established account in the US.


I'm leaning toward TBOYER's advice from the 10:07am post. I'll ask him to meet me in my bank with the cash & we conduct the transaction.
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