Barclays Online banking transfer limits? (stupid)

cellardoor

I find Barclays very restrictive lately. They have a £1000 a day limit on bank transfers which I don't think is very realistic. In the last few months I've had trouble paying a deposit on a house and paying off a Bank loan. Had to write my GF a cheque for the loan and have her pay the loan off as she's with HSBC and their limit is £10K a day (that's more like it)! So frustrating!! I'm told the limit is £5000 a day for telephone banking but that's no good if you haven't pre empted the need for it and signed up and waited for your pin to be delivered in the post! Why should you have to bother with that anyway. I prefer to do it online than call up an indian call centre.

Anyway, its just a pain in the butt now and I want a new bank. Anyone know what limits the other banks have?

Cheers,
Cellardoor

jonesMUFCforever

Would you have this attitude if fraudsters could get their hands on all of your money in a single day?

Milarky

ejones999 wrote: »

Would you have this attitude if fraudsters could get their hands on all of your money in a single day?

I think a fairer observation to make is that not all banks do this (eg HSBC) so why should Barclay's be exceptionally 'secure' about your moving money? (A&L have something similar IIRC?) Either Barclays has a more Victorian attitude to money than that most others (doubtful) or they have leakage problem that they aren't admitting to - or they have a 'head of security' who loves his job. Yes, you agree to all this in advance whenever you take up their current account - no one forces it on you - except (I believe) Barclays has introduced this restriction more recently - so that for most customers this has occurred as a 'variation' of the customer agreement and not necessarily what you signed up to.

a&akay

Milarky is spot on. I now use my Nationwide account to pay off my stooze pot cards at the end of the deal. They have no such limits for the amounts in question. Whenever I have diverted my stooze pot via Barclays (by my own stupid mistake) I have had within 2 days on 2 occasions had them on the phone trying to sell me deals (that I don't want) to mop up the spare cash (as the OP says I can only move it in £1k lots). As I am a subscriber to the caller preference service for such sales calls I take great delight in telling them their £1k stance is rubbish compared to my other 5 current bank accounts and I also object to being sometimes hijacked on log in to another sales pitch that I can't avoid. The silence is deafening and we mutually agree that they should have checked the caller preference database in the first place.

netlang

HSBC did this to me when I was purchasing a house. They would send over 10K but wanted to charge me £30 for the transaction! I moved the money to my FD account and paid the £25K from FD with no hassle and no charge.

smithja

"Would you have this attitude if fraudsters could get their hands on all of your money in a single day?", the fraudster does not get their hands on your money they get their hands on the banks money (and profits, unless you have acted negligently or by way of fraud). There might be an inconvenience while you wait for it to be investigated and credited back to your account and get new internet security details, but this is not there to protect you, it is there to protect the bank. James

saxmund

I have both Bank of Scotland and Abbey accounts (the Abbey is dormant but I've still got it open) and as far as I know neither have limits for online transactions. I certainly paid £10,000 off my mortgage using the Abbey. Some banks do have secuirity limits on accounts by default which you can get lifted by proving something or other or when you've been with them for a certain length of time - this happened to a colleague at work.

jonesMUFCforever

smithja wrote: »

"Would you have this attitude if fraudsters could get their hands on all of your money in a single day?", the fraudster does not get their hands on your money they get their hands on the banks money (and profits, unless you have acted negligently or by way of fraud). There might be an inconvenience while you wait for it to be investigated and credited back to your account and get new internet security details, but this is not there to protect you, it is there to protect the bank. James

In that case they are protecting their own money.
Good for them I say.

smithja

They are protecting their shareholders and their massive profits, not their customers. As an employee of a bank you are very fast to point out where a customer makes an error, such as forgetting about a once a year CPA, but make no comment about how the companies or banks could help out their customers when these things go wrong even a statutory reminder letter once a year one month before it is due with the ability to cancel would be enough. You give the impression the banks can do no wrong, it all the customers fault and it is far from it. James

mkbean

My Barclays online limit is £30,000 per day.

[Deleted User]

mkbean wrote: »

My Barclays online limit is £30,000 per day.

Premier, and probably some other accounts, have higher limits - is that what you've got, or are you saying the transfer limits vary by customer?