Anonymous
Anonymous asked in Business & FinancePersonal Finance · 2 months ago

Can I transfer money from my savings account to purchase a car?

Or do I have to move it to my checking account first?

Update:

Can I just give them my account/routing number?

5 Answers

Relevance
  • 2 months ago

    The simplest way is to take it out in the form of a cashier's check.

  • John
    Lv 6
    2 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.

  • 2 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.

  • Anonymous
    2 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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  • Judy
    Lv 7
    2 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

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