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Old 01-04-2019, 06:52 AM   #1
testiesalmon
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Transferring funds for new bike

Just a random one as I'm not overly familiar with how things work in the US.

I just bought a new bike and asked the dealer for banking details to make a wire transfer for payment (routing no., account no. etc.). Was told that the dealer doesn't provide these details to customers and that the customer needs to have their bank phone the dealer, who will connect them with their bank to organize funds to be transferred.

Now, I'm with Citibank in the US. And Citibank doesn't have any branches in Texas (frustrating I know). Have called their customer service line, and this isn't a service they typically provide.

Has anyone come across this? I have bought a car and another bike both in and out of Texas. And both times, I was able to get banking details to make a payment.
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Old 01-04-2019, 06:57 AM   #2
TrollBrosteen
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I've purchased vehicles with a debit card before with no issue. I suppose it depends on how much the vehicle costs, though.
Do you plan on staying in Houston? If so may as well go ahead and change banks.
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Old 01-04-2019, 07:22 AM   #3
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Call your bank and tell them you are spending a bunch of my new on a bike and that you need to use your debit card. They will approve it and you can use your debit card. That's only for f it's in your checking account though. If not, just get the total and run by your bank and get a cashier's check.
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Old 01-04-2019, 09:24 AM   #4
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They charge 3% on debit/credit card payments.
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Old 01-04-2019, 09:28 AM   #5
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Just go to the bank and withdraw cash or get a cashier's check.
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Old 01-04-2019, 09:29 AM   #6
testiesalmon
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Quote:
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Just go to the bank and withdraw cash or get a cashier's check.
No branch in Texas.

$1,000 ATM withdraw limit per day.
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Old 01-04-2019, 09:34 AM   #7
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Quote:
Originally Posted by testiesalmon View Post
No branch in Texas.

$1,000 ATM withdraw limit per day.
Your ATM withdrawal limit is not the same as making a purchase. I have a 600 limit on mine and have purchased a 4200 dollar bike without even calling them. If you call ahead like Brandon said it will be no issue.
I'm pretty sure you'll also pay a percentage on a wire
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Old 01-04-2019, 09:36 AM   #8
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Quote:
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Your ATM withdrawal limit is not the same as making a purchase. I have a 600 limit on mine and have purchased a 4200 dollar bike without even calling them. If you call ahead like Brandon said it will be no issue
No the purchase limit isn't the issue there. I already called as asked about raising the limit.

They charge 3% on credit or debit card use for payments.

Even though they didn't for my deposit payment. Which seems odd.
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Old 01-04-2019, 09:37 AM   #9
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Sounds like it's time to switch banks anyways lol
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Old 01-04-2019, 09:40 AM   #10
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Quote:
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Sounds like it's time to switch banks anyways lol
Yeh, I'm looking into opening another account.

So back to my original question. Is this common here? Has anyone heard of dealers having this kind of policy?
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Old 01-04-2019, 09:40 AM   #11
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Just tell dealer that if they can't provide bank account and routing number then you can't give them their money. It's not like giving someone your social security number for 's sake. Every vendor or person they write a check to has that information because its on the bottom of every check. I have to provide it to every customer I have to get paid. I don't see what the problem is. Talk to a manager or something. Sounds like you are dealing with some half wit salesman. And no this isn't a policy many people have because its a dumb policy to have. In order to accept a wire transfer you have to give people your account and routing number.
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Old 01-04-2019, 09:45 AM   #12
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If that doesn't work then your only option is to find another dealer or open another account but it takes a few days for the funds to clear into your new account. You could leave a deposit on the bike with debit or credit card and then pay them when the funds are deposited into your new account.
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Old 01-04-2019, 09:49 AM   #13
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Hmmm who knows if I can even get the deposit back if I pull out now.
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Old 01-04-2019, 09:51 AM   #14
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Quote:
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Hmmm who knows if I can even get the deposit back if I pull out now.
If you already left a deposit just tell them that if they won't give you the account and routing number then they will have to wait a few days for the funds to clear into a bank with a local branch so you can get cash.
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Old 01-04-2019, 09:53 AM   #15
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Quote:
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If you already left a deposit just tell them that if they won't give you the account and routing number then they will have to wait a few days for the funds to clear into a bank with a local branch so you can get cash.
Yeh, I'm looking at opening accounts with other banks now. But its going to be much more than three days to open the account transfer money etc.
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Old 01-04-2019, 10:13 AM   #16
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Man I'd just tell the dealer that the bank says they don't provide that service and you will either have to purchase the bike elsewhere or wait a week
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Old 01-04-2019, 03:05 PM   #17
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What brand of bike are you purchasing? Sounds like you need a dealer that tries a little harder. How hard can it be to pay for something? Best of luck.
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Old 01-04-2019, 03:09 PM   #18
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What brand of bike are you purchasing? Sounds like you need a dealer that tries a little harder. How hard can it be to pay for something? Best of luck.
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Old 01-04-2019, 06:30 PM   #19
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Happy end to the story... Well I hope anyway.

Managed to get through to the finance manager. Had to call reception and bypass the salesman. After some convincing, I got the bank details and made the transfer.

Hopefully it clears early next week.

Thanks all.

I'll be on a new GSXR1000. Straight to the track.
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