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Urgent Help Needed - Transferring Deposit!

carrot_cake
carrot_cake Posts: 234 Forumite
Ninth Anniversary Combo Breaker
in Mortgages & endowments
Hi all

Ok, so now I am panicking! We are supposed to be completing our sale/purchase on Wednesday and I have just tried to transfer funds for our deposit from my account to the solicitors' account. However, according to my online banking (Barclays) there is a daily transfer limit of £10,000. Considering I have to transfer in excess of £60k and only now have 2 days to do it, what can I do? If I went into a Branch, would they transfer for me?

TIA
«1

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Call them or pop into branch and arrange it. The limit is for 'faster payments'

    You can send by telegraphic transfer but will have to pay a fee most likely.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • carrot_cake
    carrot_cake Posts: 234 Forumite
    Ninth Anniversary Combo Breaker
    Thanks for that. I have just phoned them and they have said that I have to go into the branch where the account was opened (over 25 years ago and nowhere near where I am now) and they may be able to do it? Could I not go into any branch with all relevant ID?

    TIA
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I would have thought so but why didn't you ask them?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    Are you sure it's a daily limit and not a transaction limit? When I had the same situation with Nationwide, I sent over several payments of £9,999 (in the same day).
  • carrot_cake
    carrot_cake Posts: 234 Forumite
    Ninth Anniversary Combo Breaker
    I did ask and the lady I was talking to said I would have to, although when she asked a colleague, the colleague said she thought I could go to any branch with ID so I suppose I will have to ring the local branch in the morning and find out.

    Another sleepless night...... I won't be moving anymore :eek:

    Thanks for you help GMS :)
  • carrot_cake
    carrot_cake Posts: 234 Forumite
    Ninth Anniversary Combo Breaker
    ViolaLass wrote: »
    Are you sure it's a daily limit and not a transaction limit? When I had the same situation with Nationwide, I sent over several payments of £9,999 (in the same day).

    I'm sure it said daily limit but I will try it again now and see. (Although saying that, the lady I spoke to on the phone did say there was a daily limit).
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    Post 8 in https://forums.moneysavingexpert.com/discussion/2467799 suggests that you could do it over two days.
  • carrot_cake
    carrot_cake Posts: 234 Forumite
    Ninth Anniversary Combo Breaker
    I've just tried it again to see exactly what it says and it states "the amount you have entered exceeds the overall daily transfer limit of £10,000".

    :( Just have to hope it's sorted tomorrow.
  • carrot_cake
    carrot_cake Posts: 234 Forumite
    Ninth Anniversary Combo Breaker
    ViolaLass wrote: »
    Post 8 in https://forums.moneysavingexpert.com/discussion/2467799 suggests that you could do it over two days.

    Unfortunately I am not a "Premier" customer, just a plain old current account holder :o

    Thanks for looking :)
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    Shame. Can't you use CHAPS? I know there's probably a fee but it would get it done.
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