Can somebody answer me a few questions,
i have settlement occuring on the Friday 20th Jan 2012, no other non standard diddly finance clauses
I will be paying for this property with no loan (long story)
naturally, most of my banks have a daily transfer limit of $20k, with funds spread across a few accounts
Im trying to work out the best way to pay,
If I were to pay by cheque, is it ok to give them a cheque on the 20th even though they won't have funds on this day? or can I even post the cheque on the 20th?
or can I start doing a bank transfer of $20k per day until payment is complete FROM the completion date (20th)?
I can't start transferring it today I guess because paperwork is still happening, and there is also interest acrruing on the funds?
or is there a more simple, cost effective way of doing this?
at present, its probably too hard/not time possible to have all teh funds in one account that ISNT a high savings account such as ING, Ubank, bankwest etc. etc
thanks everyone!
i have settlement occuring on the Friday 20th Jan 2012, no other non standard diddly finance clauses
I will be paying for this property with no loan (long story)
naturally, most of my banks have a daily transfer limit of $20k, with funds spread across a few accounts
Im trying to work out the best way to pay,
If I were to pay by cheque, is it ok to give them a cheque on the 20th even though they won't have funds on this day? or can I even post the cheque on the 20th?
or can I start doing a bank transfer of $20k per day until payment is complete FROM the completion date (20th)?
I can't start transferring it today I guess because paperwork is still happening, and there is also interest acrruing on the funds?
or is there a more simple, cost effective way of doing this?
at present, its probably too hard/not time possible to have all teh funds in one account that ISNT a high savings account such as ING, Ubank, bankwest etc. etc
thanks everyone!