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ICICI BANK, charge for transfers?
Jake'sGran
Posts: 3,269 Forumite
I am about to open an account with this bank and last night read the terms and conditions. In a section about transferring money to another bank it seemed to be saying that there is a charge for BACS payments. Is this correct? Does anyone know?
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As I read their T&Cs, BACS transfers to another UK bank are free, as you would expect, and same day transfers by CHAPS to another UK bank carry a charge of £20, which is quite normal.
Dave.... DaveHappily retired and enjoying my 14th year of leisureI am cleverly disguised as a responsible adult.Bring me sunshine in your smile0 -
There's no charge for BACS transfers out - you're not looking at the Indian site are you? They seem to have different conditions; I don't know if BACS (as such) exists in India, but I haven't seen the condition you refer to.Jake'sGran wrote: »I am about to open an account with this bank and last night read the terms and conditions. In a section about transferring money to another bank it seemed to be saying that there is a charge for BACS payments. Is this correct? Does anyone know?You've never seen me, but I've been here all along - watching and learning...:cool:0 -
I'll have another look. It was the UK site I was on. Must admit I don't usually read all the terms and conditions on these bank sites but decided to with this one. Thank you for responding.0
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Hi, rule 4.4. BACS is free for electronic transfers.
http://www.icicibank.co.uk/hisave_terms_condition.html
Don't forget, you can only have one nominated bank account to transfer money to and from your ICICI HiSave Account.
Exo0
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