Large fund transfer

colsten

[quote=[Deleted User];76199988]I was informed that in many cases, making multiple transfers in successive days can almost certainly trigger alarm bells!!:eek:[/QUOTE]Try phoning them, as ColdIron suggested. Their £250K limit for telephone payments easily accommodates your £50K.

Thrugelmir

[quote=[Deleted User];discussion/6040966]Been reading a lot of threads on this forum about people's accounts being frozen or pending AML investigations, so I'm getting worried.

[/QUOTE]

More goes on these days than you than you would ever imagine. You'll be fine. Just allow plenty of time for the transfer(s) to be made. Some of the inbuilt delays are there to protect customers.

born_again

ColdIron wrote: »

Although it probably depends upon the organisation I'm not sure phoning them in advance makes much difference these days. The systems are automated and it will be an algorithm that triggers a delay. However it's unlikely to do any harm

But the automated system throws it out to a person to review.
So notes saying will be transferring £XX from XXX and then moving to XXX is often enough for a human to realise it is what the account holder wants.
Might still contact to confirm, but if they are aware it helps the human side to understand.

comedyseeker123

@misses hype I bank with HBSC and it’s what they told me to do when buying my car. You aren’t be rude or impolite, it’s just speaking to a human .

polymaff

Personally, I've never had significant problems moving five and six figure amounts by FPS. Two thoughts:

Many of the more progressive banks allow multiple funding over n days. This can hold down the size of individual amounts sent. It can also allow you to send £10 first, then phone the receiving party to make sure that you've set up the payee correctly; this also makes sure that no big payments are trapped as a first-payment-to-that-party.

I use two banks with high single and daily FPS limits as part of the monthly round of servicing interest-bearing accounts. I guess that this regular activity - which involves a five-figure total - makes the sort of transactions involved in moving a maturing account's balance from A to C less out of character as regards the intermediate bank B. Santander and Halifax in my case.

DCFC79

I don't transfer a huge amount purely for the fact if it ends up being blocked or investigated, I set up a number of standing orders for x amount a month, not failed me yet.