Debit Card transaction limits

missile

Hi, Thank you all for your comments. It seems I was being overly cautious. 

colsten

jonesMUFCforever said:

Discomikey said:

You may find that some dealerships will only accept a Bank Transfer for payments now..but they will normally specify this in their paperwork about how to pay for your car

If they did that to me I would walk!
It could be a sign of financial pressures on the company.
Pay for that car by bank transfer today - get there tomorrow to pick up the car and find the premises locked up and empty - result = loss of money and car.
Pay by debit card result = chargeback your money back and go somewhere else for a car.

You can make the bank transfer whilst at the dealer's premises.

You'd obviously be limited by FP limits, or by telephone banking limits, unless you use CHAPS. I would expect CHAPS wouldn't be good enough as the payment isn't instant and the dealer wouldn't part with the car until they are certain it gets paid.

NottinghamKnight

I bought a car at a main dealer a few months ago, annoyingly they wouldn't take a debit card. I did a faster payment by app at the dealership, which had to be split into two given Nationwide's £10k limit. All went through in about ten minutes whilst paperwork being done, but there's a risk you could be sat there a couple of hours.

born_again

jonesMUFCforever said:

Discomikey said:

You may find that some dealerships will only accept a Bank Transfer for payments now..but they will normally specify this in their paperwork about how to pay for your car

If they did that to me I would walk!
It could be a sign of financial pressures on the company.
Pay for that car by bank transfer today - get there tomorrow to pick up the car and find the premises locked up and empty - result = loss of money and car.
Pay by debit card result = chargeback your money back and go somewhere else for a car.

You forgot to say. 

Deposit on Credit Card 

missile

colsten said:

jonesMUFCforever said:

Discomikey said:

You may find that some dealerships will only accept a Bank Transfer for payments now..but they will normally specify this in their paperwork about how to pay for your car

If they did that to me I would walk!
It could be a sign of financial pressures on the company.
Pay for that car by bank transfer today - get there tomorrow to pick up the car and find the premises locked up and empty - result = loss of money and car.
Pay by debit card result = chargeback your money back and go somewhere else for a car.

You can make the bank transfer whilst at the dealer's premises.

You'd obviously be limited by FP limits, or by telephone banking limits, unless you use CHAPS. I would expect CHAPS wouldn't be good enough as the payment isn't instant and the dealer wouldn't part with the car until they are certain it gets paid.

I collected the car on a Sunday from main Audi Dealer Southport. Salesman said the finance personnel did not work weekends and he claimed he could not access their account to verify a payment on the day.

I paid in advance, deposit by credit card and balance by BACS. Fortunately there were no issues on the day.

Zellah

jonesMUFCforever said:

These days I do not think there is an upper limit on debit card transactions.
I think some of the above posters were mixing up Faster payment limits with debit card ones.

There is with First Direct. I had no issues paying the car dealer £28k  with my First Direct debit card - though I had to call up FD in advance to make sure the transaction would go through. However FD told me the maximum you can pay in a single debit card transaction is £50k which is obviously more than enough for the average customer.