is there away to sent 14k by faster payment?

paulw98

Is it possible to transfer £14k from a HSBC account (buyers) to another HSBC account (sellers) so the money is displayed in the second account instantly?

Im selling a car and the buyer wants to pay by bank transfer and as far as i can see the Faster payment limit is £10k?

Any other thoughts?

Lokolo

You can pay my CHAPs but this costs. Otherwise, do it over 2 days.

paulw98

its hard as the buyer wants to take the car on, but i wont release it till all funds are displayed in my account

Lokolo

According to T&Cs, internal transfers have no limit....

You can request it by PIB, TBS or EB. Trying to find out what these mean.

EB is Express Banking machine.
PIB = Personal Internet Banking
TBS = Telephone Internet Banking.

http://www.hsbcamanah.co.uk/1/PA_1_5_S5/content/uk/pdfs/en/personalbankingterms_conditions.pdf

From current account T&Cs, page 9

Lil_Me_2

Split is across 2 payments? I know my limit for sending money to my partner is £1k, but there isn't a limit on the number of payments I can send.

noh

As it is HSBC to HSBC it probably won't be a faster payment but should still be instant..
I believe the limit is still £10000 per transaction.
If you need to transfer £14000 then make two transactions each less than £10k.
I don't have a HSBC account but do have a First Direct account which allows multiple £10k transfers.

noh

Lokolo wrote: »

According to T&Cs, internal transfers have no limit....

You can request it by PIB, TBS or EB. Trying to find out what these mean.

EB is Express Banking machine.
PIB = Personal Internet Banking
TBS = Telephone Internet Banking.

http://www.hsbcamanah.co.uk/1/PA_1_5_S5/content/uk/pdfs/en/personalbankingterms_conditions.pdf

From current account T&Cs, page 9

Yes but "internal transfers" are defined as transfers between accounts in the same name.
See page 3 of the current account T+Cs.

paulw98

thansk for your input

problem is the 10k limit is per day is it not?

buyer is traveling a long way tomorrow to veiw and hopefully buy the car

Mikeyorks

paulw98 wrote: »

Im selling a car and the buyer wants to pay by bank transfer and as far as i can see the Faster payment limit is £10k?

Any other thoughts?

CHAPS or cash ...... if you want to complete on the day. And the buyer may have to hang around until 1730'ish if he wants to view the car before initiating the CHAPS - (which he should sensibly pre-arrange with his Branch if 'phoning it in after viewing).

Or FP ('immediate' system limit is now £100k .... but no Banks do that yet on personal accounts) spread over 2 days. Or a Draft .... if happy to do it over 4 days

AnonymousForObviousReason

Bankers draft?

Mikeyorks

paulw98 wrote: »

problem is the 10k limit is per day is it not?

..... not really as that's been a specific system limit ever since FP crawled onto the stage in May 08. It's just been lifted to £100k for 'immediate' payments from 6/9 ...... but I don't see Banks offering that on personal accounts for a while.

buyer is traveling a long way tomorrow to veiw and hopefully buy the car

............. as you're both with HSBC take him into your Branch where he does a cash withdrawal and immediate credit to your account. Cashier doesn't even have to count the notes - it's just a debit / credit.