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i sold a car (in Michigan) to a realtor in Wis. via wire transfer. He sent his agent and met me at my bank. A bank officer (loan VP) acted as facilitator. We went for a test drive, he took photo of clear title and sent it to buyer in Wis. He in turn had the money wired to my bank and about 15 min later the bank person told me sign the title (she was holding on to it) the money is here and here is a passbook to the account. I did nothing and the bank charged me a $20 wire transfer fee.
One thing the bank person advised me was to not use a current account to have the money wired to just as a precaution hence they opened a new acct.
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