Can I transfer money from my savings account to purchase a car?
Or do I have to move it to my checking account first?
Can I just give them my account/routing number?
- Ron AkiaLv 72 months ago
The simplest way is to take it out in the form of a cashier's check.
- JohnLv 62 months ago
Any car dealership never takes personal checks. You have to go to your bank and get a bank cashiers check. Not a big deal. Nor will the car dealership accept cash.
- SumDudeLv 72 months ago
Yes, you can do an EFT from your savings account to the dealer/seller if they accept that action. I would move the money to the checking account and pay by check.
- Anonymous2 months ago
Depends on the dealer. I doubt all are set up to pull from bank accounts. But I understand, writing a check is hard. SMH
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- JudyLv 72 months ago
You can ask for a cashier's check when you take it out of savings, or just take cash but that's not smart if it's much