Transferring money between accounts to meet minimum credit requirement?

Vortigern

elektra wrote: »

Can anyone remind me which are ok to come from within same organisation. With the now redundant lloyds vantage and opening new TSB and Santander I want to simplify chain of payments rather than setting up new payees

TSB - Looked at t&c's and can't find it stipulates must be external
BOS -Looked at t&c's and can't find it stipulates must be external

If it doesn't stipulate that funding must be external, it implies that internal transfers are OK.

My TSB accounts are internally funded by mutual SO swaps. Interest is paid as expected. I don't have any BoS accounts but I'd be surprised if they were different.

Archi_Bald

Cornucopia wrote: »

Didn't bother. I'm sure if there were anything bad in there, I could still complain. If necessary citing the Regulators' guidelines and/or the Unfair Contract Terms Act.

I'm a fair person - I will treat Santander fairly, and I expect them to do the same.

Do you really think it is to your advantage if you don't read the T&Cs? Do you really think banks' T&Cs contravene "Regulators' guidelines and/or the Unfair Contract Terms Act"? They don't employ lawyers for no good reason. Good luck if you think you are smarter than the professionals banks employ.

The T&Cs are not difficult to read, and it is good to know what exactly you let yourself in for in detail. When you sign up to a bank account, you agree to the T&Cs. You might as well read what you agree to before you confirm you agreed. But even if you did not read the T&Cs, as soon as you clicked that you agreed to them, you are bound by them.

So you might as well read the blimmin T&Cs because you are bound by them.

EDIT: I should add that none of the T&Cs of any of the main UK current accounts is likely to contravene any UK law.