Bank Transfer Charges ?

Jack_Itin

Looking online it says that Lloyds Bank charges £30 to do a bank transfer to someone else......just been into the branch and they are telling me that there is NO charge to do this.....which is correct ??

bradders1983

How much is it for? What bank is it to?

Jack_Itin

It will be less than £100.....as of yet bank unknown, but lady in bank said it didn't matter if it was to another bank

bradders1983

If its a UK bank then you are being told cobblers and they are trying to get you to do a CHAPS payment in branch which does cost around £30 but for £100 is absolutely needless as those are for high value payments.  

Tell them you dont want a CHAPS payment, just a normal payment through the Fast Payments system.

Jack_Itin

O.k thanks for that......she did say that there WAS a charge for high value payments.....so the Fast Payment system is free ??

bradders1983

Yes of course it is, the only charge for bank transfers from a UK bank to a UK bank are for Chaps payments which are usually only for mega transfers, usually when dealing with house sales.

Jack_Itin

Thanks for that....I should add that I don't do online banking, so it would be an in branch transaction.....

bradders1983

That doesnt change the advice, it is still free. If they attempt to charge you £30, ask to speak to the boss.

I suspect you bumped into someone who didnt quite realise what you were asking for, though. 

colsten

bradders1983 said:

That doesnt change the advice, it is still free. If they attempt to charge you £30, ask to speak to the boss.

I suspect you bumped into someone who didnt quite realise what you were asking for, though. 

Nobody told the OP that there would be a charge. Quite the contrary. The correct advice was given in Branch.

Jack_Itin said:

Looking online it says that Lloyds Bank charges £30 to do a bank transfer to someone else......just been into the branch and they are telling me that there is NO charge to do this.....which is correct ??

bradders1983

Aye I see. OP, where have you read that online? You must have not read the whole thing.

Jack_Itin

Just to clarify.....the lady in the bank DID give me the correct advice....I didn't research it properly online.....