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  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    virgin have told me the only ways i can pay it which ive already explained which was from there head office
    Maybe I'm missing something here, but why can't you just make the payment to the "normal" bank details (i.e. the Faster Payment one for making regular or overpayments, not the CHAPS one for settlement payments) then call and ask for a settlement figure. They'll say there's a zero balance so there won't be any need to make a settlement payment.


    Surely that's the simple solution?
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Make a faster payment, all but £1 then get a settlement figure for the remainder. The reason they are asking for your to use CHAPS is because there will be a fee to pay for the payment and for the early closure, to migate this, make a payment and then get the closing total on the lowest amount.

    This is the same advice I offer for loans and Mortgages.

    Westie983
    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%
  • ive decided to cancel the 9k request in cash, and ask for a bankers cheque and pay the £20 fee, and yes the funds are all legal tax paid etc
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