Transfer limit reset

billybigbrains

When HSBC say they limit transfers to £10k per day, does anyone know when the limit gets reset? Common sense says at midnight, but it could also mean "10k in any 24 hour period".

Sean473

I would think it would be midnight too!

agrinnall

It's not entirely clear but the document below mentions a cut-off time of 11:30pm for bill payments (11:45pm to cancel) which suggests that it would indeed reset at midnight.

https://www.hsbc.co.uk/1/PA_esf-ca-app-content/content/pws/content/personal/pdfs/banking-made-easy.pdf

By the way, the pathetic FPS limit that HSBC still apply over 8 years after the system started operation would be a good reason for me not to bank with them.