📨 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!

How to send a BACS payment?

13»

Comments

  • Robin9
    Robin9 Posts: 12,732 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Make a token payment to your solicitor (say £25) and then check with him that he has got it - that will prove the sort code/account number is correct.

    Then you can pay the balance in confidence.
    Never pay on an estimated bill. Always read and understand your bill
  • Socajam
    Socajam Posts: 1,238 Forumite
    1,000 Posts Second Anniversary Name Dropper
    18cc wrote: »
    Oh it's definitely the solicitor - no modern day fraudster would be seen dead using such words as telegraphic transfer and BACS!

    You would be surprised.
    I would the money in two payments: check to ensure that the first payment was received before sending the second.
  • 20SmthngSver
    20SmthngSver Posts: 512 Forumite
    100 Posts Second Anniversary Name Dropper
    No I knew that, but a previous post implied you can make multiple transactions up to the maximum in one day, which didn't sound right.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    No I knew that, but a previous post implied you can make multiple transactions up to the maximum in one day, which didn't sound right.


    Some banks have a limit which is the same for single payments and in one day (e.g. both £100,000), others have different limits for single payments and for the daily total (for example, in 2014 I transferred 5 lots of the single payment limit of £10,000 out of my NS&I account to Nationwide in one day).
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
  • 350.4K Banking & Borrowing
  • 252.9K Reduce Debt & Boost Income
  • 453.3K Spending & Discounts
  • 243.4K Work, Benefits & Business
  • 598K Mortgages, Homes & Bills
  • 176.6K Life & Family
  • 256.4K 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.