Lloyds TSB Vantage - Multiple accounts

Jacka87

10_66 wrote: »

The Classic with Vantage earns tiered interest of up to 4% AER for balances between £5K & 7K, other tiers shown HERE.

Cheers, make a big difference to my savings decsions at the moment. I think I will be suggesting my misses moves some money into one of those acounts - I unfortunatly dont have enough money available to transfer at the moment :-(

donglemouse

can someone confirm is there a maximum amount you can transfer online per day from the vantage to another bank?

missile

donglemouse wrote: »

can someone confirm is there a maximum amount you can transfer online per day from the vantage to another bank?

Don't know what the maximum is, but I have transfered £7,000 if that helps you?

DocProc

The information taken below is buried within the bowels of the Lloyds TSB 'Help 'section and is consequently extremely hard to find.
Taken on 28.7.2010 at 09:48hrs:

You asked us:

"payment limits"

Our answer is:

You can move up to £1,000,000.00 between your Lloyds TSB accounts in each single transfer via Internet Banking (or £50,000 for Business Customers). The limit for individual payments is £20,000 per transaction and £9,999.99 for new or amended standing orders.


You can make payments up to a limit of £20,000 per working day from each of your accounts using Internet Banking. This total amount can be a combination of the following:

• Bill payments
• Payments to individuals
• New standing orders
• Travel money
• The value of any increase in a standing order

If you need to make a series of payments that will total more than £20,000 please visit your local branch. If you are registered for PhoneBank® you can make single payments over the phone of up to £20,000.

Please note that clicking on any of the above links will open another window. PhoneBank® is a registered trademark of Lloyds TSB Bank plc.

NB. The above was taken from the Help advisory window section URL at:

http://lloydstsb.creativevirtual.com/LloydsTSB/bot.htm

However, the above information answer is in slight conflict with what was found below and which also concerns Transaction Limits:

eg, When logged in and looking at your account:

Move from the ‘Statement’ to the ‘Payments’ tab
Click on ‘Make a Payment’
Now click on Help & Support to open up the section entitled

• What are my online payment limits?

The following answer is given:

The limit for new or amended standing orders is £9,999.99. For individual transactions, you can pay up to £9,999.99. And you can pay up to £20,000 a day from your accounts using Internet Banking.

For a series of transactions it might be worth considering using the Standing Order facility. However, there is no facility within this to set up 'Daily' standing orders. The minimum gap is 'Weekly'.

superstar_2

last months interest in yet?

D1zzy

superstar wrote: »

last months interest in yet?

2nd working day so Tomorrow -or probably 11ish tonight

superstar_2

D1zzy wrote: »

2nd working day so Tomorrow -or probably 11ish tonight

Thanks love

carpy

i usually check between about 10.30-11.00pm and it's there by then:beer:

johnnyboyuk

Hello, I have a qeury. I have 2 Vantage accounts currently. Account 1 contains 8k and account 2 contains 7k. I transfer 1k back and forth every month to satisfy the 1k pay in limits.

My question is this:
By having 8k at any one time in each account goes over the 7k upper boundary. Will I receive 4% on my 14k and minimal on the remaining 1k or zero interest on the whole 15k as went over the upper boundary.

Otherwise would I need 7k and 6k and toss the extra 1k between, thus only gaining interest on 13k but never breaking the 7k on either?


Last option would be just to get 3 accounts with 5k and find an extra 1k to do the juggling with, which I could do...

newaccount_2

johnnyboyuk wrote: »

Hello, I have a qeury. I have 2 Vantage accounts currently. Account 1 contains 8k and account 2 contains 7k. I transfer 1k back and forth every month to satisfy the 1k pay in limits.

My question is this:
By having 8k at any one time in each account goes over the 7k upper boundary. Will I receive 4% on my 14k and minimal on the remaining 1k or zero interest on the whole 15k as went over the upper boundary.

Otherwise would I need 7k and 6k and toss the extra 1k between, thus only gaining interest on 13k but never breaking the 7k on either?


Last option would be just to get 3 accounts with 5k and find an extra 1k to do the juggling with, which I could do...

Former - 14k at 4% and 0% for anything on top of it. HTH