📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Halifax - daily Faster Payment limit

Options
I've looked at fasterpayments.org website and it states the transaction limit for Halifax is £25,000. Does anyone know what their daily limit is?


http://www.fasterpayments.org.uk/about-us/transaction-limits

Comments

  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    10_66 wrote: »
    I've looked at fasterpayments.org website and it states the transaction limit for Halifax is £25,000. Does anyone know what their daily limit is?


    http://www.fasterpayments.org.uk/about-us/transaction-limits

    Surely you've answered your own question, have you not?
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    Steve_xx wrote: »
    Surely you've answered your own question, have you not?

    Not necessarily, some banks allow multiple transactions at the transaction limit within a single day, I have used this myself with FD in the past, they have a £10K transaction limit but I transferred £60K in a single day. As it happens the link that KJSmith has provided shows that the Halifax transaction and daily limits are indeed the same at £25K.
  • 10_66
    10_66 Posts: 3,458 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    10_66 wrote: »
    I've looked at fasterpayments.org website and it states the transaction limit for Halifax is £25,000. Does anyone know what their daily limit is?


    http://www.fasterpayments.org.uk/about-us/transaction-limits
    Steve_xx wrote: »
    Surely you've answered your own question, have you not?


    How so? I asked whether there was a daily limit, which could be quite different from a transaction limit.
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    25K a day, is the faster payment limit.

    You can use CHAPS for £25 fee if you need to send more then 25K and need it sent the same day.
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    Do old Web Saver accounts still have a £99,999 limit? In the unlikely event you've got one that might be the best way to get over £25k.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Do old Web Saver accounts still have a £99,999 limit?
    Yes they do, according to the link in post #3.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.