How do you transfer large sums of money safely?
Wire transfer to an escrow attorney. When purchasing a note, or a group of notes (referred to as a tape), you need to be sure that the money will be sent securely. You will need to either prepare to send or receive a wire transfer. Consult your bank (where you have the account) on how best to prepare for this. Some banks do require you to come in person, but as we cope with the pandemic those policies can change.