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A buyer is asking for my banking information in order to wire a deposit. Should I provide it?

Modified on: May 19th, 2018

Absolutely not. This is a common scam used by fraudsters to steal your banking information. No legitimate buyer will ever buy your business without seeing it first and doing some serious due diligence. It sounds like you’re not using a business broker to sell your business. If that is the case, you should consider hiring one. A business broker can help protect you from fraudsters posing as legitimate buyers. 

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