Reply With QuoteDepending on the banks you both use, can the bank do an Osko (instant) transfer for you if it is over $5000?
LordRover
SupporterLooking a buying a car interstate and most likely heading down there to have a look next week. Funds are in the bank.
If I decide yes I want the car, what is the quickest way of transferring funds to the seller? So I dont have to come home and head back down when the funds clear. Used to have a bank cheque made out to cash ready to hand over but my bank no longer does cheques.
To transfer funds takes 3 working days so will either have to wait interstate or come back home and then back down. Oh value of the car is over the max daily withdrawal limit so will have to submit a form via email naming the seller etc - takes 3 days to approve and transfer.
Cash is just too bulky.
So how are people quickly making funds available to the seller so you can grab the car on the spot?
Thanks
Garry
REMLR 243
2007 Range Rover Sport TDV6
1977 FC 101
1976 Jaguar XJ12C
1973 Haflinger AP700
1971 Jaguar V12 E-Type Series 3 Roadster
1957 Series 1 88"
1957 Series 1 88" Station Wagon
Swaggie
Depending on the banks you both use, can the bank do an Osko (instant) transfer for you if it is over $5000?
Cheers
Slunnie
~ Discovery II Td5 ~ Discovery 3dr V8 ~ Series IIa 6cyl ute ~ Series II V8 ute ~
Super Moderator
Originally Posted by Slunnie
If you don't like trucks, stop buying stuff.
ForumSage
SupporterI'd never heard of an OSKO but it seems most banks provide it. Banks with PayID and Osko payments | Finder
2005 D3 TDV6 Present
1999 D2 TD5 Gone
The MOD Father
Increase card limit and just transfer to account.. thats how we bought the bus...
"How long since you've visited The Good Oil?"
'93 V8 Rossi
'97 to '07. sold.
'01 V8 D2
'06 to 10. written off.
'03 4.6 V8 HSE D2a with Tornado ECM
'10 to '21
'16.5 RRS SDV8
'21 to Infinity and Beyond!
1988 Isuzu Bus. V10 15L NA Diesel
Home is where you park it..
[IMG][/IMG]
LordRover
SubscriberWish I could have done that with the OKA. $70K gave OSKO a fright. Had to go to a branch ( remember them? ) and arrange a direct transfer, but it went straight through. Things change all the time though, and mine was during all the lockdown malarkey.
JayTee
Nullus Anxietus
Cancer is gender blind.
2000 D2 TD5 Auto: Tins
1994 D1 300TDi Manual: Dave
1980 SIII Petrol Tray: Doris
OKApotamus #74
Nanocom, D2 TD5 only.
Master
SubscriberWith my credit union, I call them, ask them to increase the daily transfer limit temporarily (there are some security checks, approvals etc), I do the direct deposit / transfer online while they are on the phone, and then they set it back to the usual limit. Only took a few minutes last time I did this.
LordRover
SupporterUnfortunately standard limits are too low - to increase on a temporary basis I need to apply to the bank and the limit only applies for one day.
Looks like Osko is the go - my old bank does not have it and I am closing their accounts - the new bank has it and will likely use that with a one day increase of withdrawal limit.
Cheers
Garry
REMLR 243
2007 Range Rover Sport TDV6
1977 FC 101
1976 Jaguar XJ12C
1973 Haflinger AP700
1971 Jaguar V12 E-Type Series 3 Roadster
1957 Series 1 88"
1957 Series 1 88" Station Wagon
Swaggie
Just check how much they will put through Osko first!
Cheers
Slunnie
~ Discovery II Td5 ~ Discovery 3dr V8 ~ Series IIa 6cyl ute ~ Series II V8 ute ~
Master
SupporterWestpac you can change your daily limit yourself up to $50K. And a quick call to thier call centre to any limit you like. Works fine including Osko.
Cheers
Simon
2003 D2a TD5, ACE, SLS, Vienna Green.
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