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Bank transfer limits and charges.
Chunky_the_saver
Posts: 6 Forumite
Anyone know of any banks with good transfer limits and charges on current accounts?
I've just had a very big sum paid into my current account with a major high street bank and want to spread it out across lots of savings accounts to keep under the £50,000 limit for FSCS compensation.
My bank now tells me I can only do this at £10,000 per day, else I have to pay £23 a time for CHAPS transfers. This will cost me several hundred pounds just to get my hands on my own money and put it into a dozen different savings accounts! I can't even send cheques, because lots of the highest interest accounts available are internet only.
I know that some banks will alllow a higher limit, providing that they can do telephone identity checks. Who are they? (hint: it's not NatWest or HSBC)
I've just had a very big sum paid into my current account with a major high street bank and want to spread it out across lots of savings accounts to keep under the £50,000 limit for FSCS compensation.
My bank now tells me I can only do this at £10,000 per day, else I have to pay £23 a time for CHAPS transfers. This will cost me several hundred pounds just to get my hands on my own money and put it into a dozen different savings accounts! I can't even send cheques, because lots of the highest interest accounts available are internet only.
I know that some banks will alllow a higher limit, providing that they can do telephone identity checks. Who are they? (hint: it's not NatWest or HSBC)
0
Comments
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Halifax allow multiple transfers per day, each of up to £10k.0
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