What you want is a wire transfer between banks. You give him the routing number to your bank (it is different than the leading number on your account. He then makes the arrangements from his end and he sets up an arrangement for the bank officer to expect a phone call at a certain time and date.
He calls in and says go or no go. If go, you call your bank in 20 minutes or so and they can verify the receipt of the money in your account.
Both of you need well established relationships with the bank.
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Today's Featured Article - A Farmall Story - by Ed Meadors. The year was 1978. Our young family had recently moved to rural Chesapeake, Virginia to a plot of land which would finally allow us to realize our dreams of a huge garden, critters and more lawn and pasture than we would ever use! We needed a TRACTOR; not a riding mower or tractor wannabe, but a real TRACTOR. The answer to our needs materialized in the form of a '44 Farmall A, complete with cultivators, discs, single plow, a 5ft.Woods belly mower and one, mounted spare 9.00x24 rear wheel.
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