Direct debit -is there normally a maximum amount?

d70cw6

ignore him, he's a shitlord

Hazzanet

The maximum in the software I use to process direct debits at work is £999,999,999.99.

I suspect there would be a significantly lower limit on a BM account due to the risk the Direct Debit Guarantee brings about to them.

YorkshireBoy

hoc wrote: »

I am moving from a Tesco current account. They have a 10k daily limit.

Online, yes. What's their current* telephone initiated FP daily limit?


* They've previously, albeit a few years ago, moved £50K for me over the phone.


EDIT: On checking my records this was pre-FP days (2010) and was from an Internet Saver. Question still stands though...does their phone banking offer a higher limit?

xylophone

Thanks xylophone. How many linked accounts does BM allow?

My understanding is that it is one linked account - it is all I have and really all I need.

As I said above, I can make payments in by FP from any of my bank accounts except the linked account which uses the DD pull so I don't bother with it - money out goes to the linked account from which I can move it anywhere else I choose by FP.