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.

Hattie627

Apologies for reviving this old thread.

I am purchasing a "new" second-hand car (£19K) by cash purchase from a car dealership. It is a "main dealer" and a long- established business (in existence since 1927).

I have never handed over cash of this amount in my life. It will be a person-to-person transaction in the presence of the salesman (not an online transaction).

Is the information in this thread from 2020 (basically, no Santander debit card upper limit) still reliable? As the OP found in 2020, there is no information online about Santander debit card payment upper limits (plenty about FP limits for online transfers). Debit card payment limits (if any) seem to be a matter kept secret for security reasons.

My plan was to transfer the funds into my Santander current account and pay on the day using my debit card.

Should I be clearing this transaction in advance with Santander?

Many thanks for any guidance.

oldagetraveller1

I remember, when I bought my current car, main dealer and a "cash" transaction using my Debit Card, I phoned my bank (Lloyds) beforehand to advise that there would be a £xxxx request for payment. It was less than £10k though.

Whether there was some kind of note added to my account, no idea, but the payment went through successfully.

Would a Faster Payment online transaction be better, depending on Santander's FP limit?

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/82035564#Comment_82035564

Thanks for taking time to reply. I have just had confirmation from the dealer that the only method of payment they accept for the balance is a bank transfer, so my question has become redundant. Sorry for wasting readers' time. I was thinking ahead and assuming that debit card payment would be the best way of payment.

missile

Enjoy your new to you car and have many happy (s)miles