barclays to first direct transfer whats the limit

freezspirit

Sorry to ask but not sure how to do it or what information is needed.


Dad wants to transfer about £15,000 from his Barclays account to my First Direct Account. What is the cheapest way, safest and is there a daily limit.


I've set up an appointment to speak to someone in the bank tomorrow but want to know what information I need to take with us.


Is it just the a/c holders name, sort code and a/c no?

benjus

According to this: http://www.fasterpayments.org.uk/consumers/transaction-limits the Barclays limit for online transfers is £10k, unless he has a Premier account. He could split it into 2 transfers (which may have to be done on different days - not sure). If you're doing it in branch the limit is £25k.

Yes, he just needs your account number, sort code and name. He'll be asked for a reference - this is typically used to identify the transaction (e.g. if you're paying your council tax you'd put your council tax reference there) so in this case it can be anything or left empty.

freezspirit

Thanks no dad is really old school nothing online, doesn't even have a debit card, takes in his cheque book to get money out of his account. But he has been very ill and I have been paying all the household bills, car bills etc since last year.


Normally he would write me a cheque every month but he has become so frail he can't sign anymore so that is why we are going into bank. It will be his first time out the house since returning from Hospital so its going to be an adventure. Got a wheelchair if I can't park close by.


Last time he transferred from his Barclays a/c to my Barclays a/c the cashier put the ref. love dad, once mum saw that on the statement there was no end of trouble at home. So I think repay daughter will be better.

grumbler

freezspirit wrote: »

....he has become so frail he can't sign anymore so that is why we are going into bank. It will be his first time out the house since returning from Hospital so its going to be an adventure. Got a wheelchair if I can't park close by.

Does he not trust you to do [STRIKE]mobile[/STRIKE] online banking for him?
This would be much easier for both of you than traveling to a branch.

freezspirit

He doesn't trust telephone banking. I think it might be worth setting up a standing order or a joint account so I can pay from in future, will speak to personal manger tomorrow.

grumbler

Sorry, I meant online banking, not 'mobile'.

10pence

Have you and your dad not thought about Power of Attorney: LINK

You could take it in baby steps and get third party access to the account created.

colsten

10pence wrote: »

Have you and your dad not thought about Power of Attorney: LINK

You could take it in baby steps and get third party access to the account created.

There appears to be a mum who might well stand in the way of a POA and/or baby steps.....

freezspirit wrote: »

Last time he transferred from his Barclays a/c to my Barclays a/c the cashier put the ref. love dad, once mum saw that on the statement there was no end of trouble at home. So I think repay daughter will be better.

freezspirit

I will look into the power of Attorney. Problem is mum and dad don't get along so I'm caught in the middle. Mum and dad have a joint account which I now have "third party" to but dads sole account which has money going into I don't. So I can pay the utility bills from the joint account only if there is money in it. Mum knows she shouldn't use that account as its only for the household bills but in the past she took a lot of money out of it not for household use and has never put any money into it.


When dad was well he would go into the bank and transfer money over from his sole to the joint to cover expenses but as he hasn't been able to get to the bank it is running really low.


Its a catch 22 mum won't take her name off the account and dad won't put me on his sole account

benjus

freezspirit wrote: »

I will look into the power of Attorney. Problem is mum and dad don't get along so I'm caught in the middle. Mum and dad have a joint account which I now have "third party" to but dads sole account which has money going into I don't. So I can pay the utility bills from the joint account only if there is money in it. Mum knows she shouldn't use that account as its only for the household bills but in the past she took a lot of money out of it not for household use and has never put any money into it.

If he's the only one paying into the joint account, why not just pay the household bills from his sole account? Then he could instruct the bank to freeze the joint account, and hopefully even close it (depending on the bank, it may be possible to close an empty joint account without the consent of both account holders - I had to do this a few years ago).