Payment limits from Lloyds Bank??

jonesMUFCforever

There is more chance of the solicitor dealing with the inheritance doing a flit with the money than a UK bank going bust.

Lloyds_Bank

savingsomemore wrote: »

Great
So if i had £50,000 in joint account i could transfer £25,000 to me, and £25,000 to partner and then we could each do a faster payment for £25,000 on that day?

No, the maximum is £25,000 regardless of whether it's a sole or joint account.

savingsomemore wrote: »

And is this separate from debit card payments? What is the limit on these (and is it a daily limit or a transaction limit)

Yes, it's separate and there's no set limit for debit card payments.

Thanks,

Craig

jonesMUFCforever

Lloyds_Bank wrote: »

No, the maximum is £25,000 regardless of whether it's a sole or joint account.



Yes, it's separate and there's no set limit for debit card payments.

Thanks,

Craig

I think there is of £35k.

Lloyds_Bank

jonesMUFCforever wrote: »

I think there is of £35k.

Hi jonesMUFCforever.

I've double checked this and there's not a set limit for debit card payments.

Thanks

James

savingsomemore

Lloyds_Bank wrote: »

No, the maximum is £25,000 regardless of whether it's a sole or joint account.

Craig

sorry, but that cant be right, it implies that me and my partner cant send £25,000 each from our own, sole accounts.
Are you saying just because we also have a joint account, our daily, personal limit is only £12,500 each????

Lloyds_Bank

savingsomemore wrote: »

sorry, but that cant be right, it implies that me and my partner cant send £25,000 each from our own, sole accounts.
Are you saying just because we also have a joint account, our daily, personal limit is only £12,500 each????

Sorry, I've not been absolutely clear on everything you're describing. However, if you have a joint account and you also have a sole account with us, you'll be able to transfer £25,000 to that. In fact, that's classed as an internal transfer and the limit for that is actually £1,000,000. On the same day, you would also be able to pay £25,000 to your partner's account. It would then be possible for you to pay £25,000 from your sole account. If your partner's account is also with us, they would also be able to pay £25,000 from that.

You can find info on payment limits here. Limits are per account.

Craig