We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

moving large sums of money

Options
2

Comments

  • Ken68
    Ken68 Posts: 6,825 Forumite
    Part of the Furniture 1,000 Posts Energy Saving Champion Home Insurance Hacker!
    I recently moved about £140k in £10k chunks by faster payments from Nationwide to various other banks and also NS&I. Over several days and no problems, no queries.
  • d63
    d63 Posts: 330 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Ken68 wrote: »
    I recently moved about £140k in £10k chunks by faster payments from Nationwide to various other banks and also NS&I. Over several days and no problems, no queries.

    were all those transfers done in one day?
    barclays impose a daily 30k limit.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    d63 wrote: »
    were all those transfers done in one day?
    barclays impose a daily 30k limit.
    The poster says it was Nationwide.
  • d63
    d63 Posts: 330 Forumite
    Part of the Furniture 100 Posts Name Dropper
    edited 24 March 2019 at 5:10PM
    jonesMUFCforever wrote: »
    The poster says it was Nationwide.

    umm, indeed, what i should have writ was: gosh! barclays only allow 30k a day! how very unfair!
    -- all this messing about trying to transfer the money is seriously beginning to suck all the fun out of it!
  • mgdavid
    mgdavid Posts: 6,710 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    d63 wrote: »
    were all those transfers done in one day?
    barclays impose a daily 30k limit.


    Er, you actually quoted the post which said "Over several days".
    The questions that get the best answers are the questions that give most detail....
  • d63
    d63 Posts: 330 Forumite
    Part of the Furniture 100 Posts Name Dropper
    mgdavid wrote: »
    Er, you actually quoted the post which said "Over several days".

    oops! i really need to get some new glasses.
  • badger09
    badger09 Posts: 11,575 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    d63 wrote: »
    oops! i really need to get some new glasses.

    Well that will help a little.

    You'll only have to transfer about £399800:rotfl:
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    d63 wrote: »
    were all those transfers done in one day?
    barclays impose a daily 30k limit.
    It says £50K on their website - and "To make payments over these limits, you’ll need to visit a branch".

    https://www.barclays.co.uk/help/payments/payment-information/online-banking-limits/

    Seems very straight forward to me.
  • d63
    d63 Posts: 330 Forumite
    Part of the Furniture 100 Posts Name Dropper
    colsten wrote: »
    It says £50K on their website - and "To make payments over these limits, you’ll need to visit a branch".

    https://www.barclays.co.uk/help/payments/payment-information/online-banking-limits/

    Seems very straight forward to me.

    i thought it would be straightforward too!

    though i should perhaps have been wary when the limits they set seem to vary according to which webpage one looks at e.g:
    https://www.barclays.co.uk/current-accounts/online-payment-limits/

    oh well, getting there slowly; have managed to move £130k so far. another 2 weeks or so should see it all done, but it sure does suck the fun out of having a large bank balance for once!
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 26 March 2019 at 1:51PM
    What happened when you tried £50K? If it works - great! If it doesn't, file a complaint

    Any reason why you didn't go to a Branch if you wanted to make the payment in one go? Although even Branch would have had to split it, as FP limit is £250K.
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
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K 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.
Update Your Picture