Chase Current Account Warning

oldagetraveller1

RN61 said:

Nationwide is £10000. Natwest is £5000. Afraid this is non-news!

Natwest is not £5000. Only if that is selected in your account. Limits may be changed through internet banking. My daily limits are set at £10000 and £5000, online and mobile respectively. Open banking £0.

I don't know what their maximum is, not tried to increase my existing limits.

saajan_12

oldagetraveller1 said:

RN61 said:

Nationwide is £10000. Natwest is £5000. Afraid this is non-news!

Natwest is not £5000. Only if that is selected in your account. Limits may be changed through internet banking. My daily limits are set at £10000 and £5000, online and mobile respectively. Open banking £0.

I don't know what their maximum is, not tried to increase my existing limits.

Natwest is £20k for some personal accounts and £50k for premier personals. You may set lower limits for yourself. 

Bigwheels1111

First Direct is £49.999, Nationwide is 10k as above but if you move £9999 again and again it’s ok.
I moved 85k from nationwide in one day, but was 9 payments.

hangryconsumer

RBS is £1000 per day on the app unless you give them biometric data (a recording of your voice).

Daliah

hangryconsumer said:

RBS is £1000 per day unless you give them biometric data (a recording of your voice).

RBS is at least up to £20K a day

hangryconsumer

Daliah said:

RBS is at least up to £20K a day

Yes, £20k WITH biometric on the app.

kaMelo

hangryconsumer said:

Daliah said:

RBS is at least up to £20K a day

Yes, £20k WITH biometric on the app.

Or in online banking WITHOUT biometric data required.

hangryconsumer

kaMelo said:

Or in online banking WITHOUT biometric data required.

Which is crazy really when our phones/mobile apps have biometric data. Why is sending a text to a mobile phone more secure? Log in online, get a text, open the phone with face/touchID, get the text, type it in website and send £20k. Open your phone and then the app in the same way, you can only send £1k. Doesn't make any sense to me, but "themz teh rulez".

kaMelo

hangryconsumer said:

kaMelo said:

Or in online banking WITHOUT biometric data required.

Which is crazy really when our phones/mobile apps have biometric data. Why is sending a text to a mobile phone more secure? Log in online, get a text, open the phone with face/touchID, get the text, type it in website and send £20k. Open your phone and then the app in the same way, you can only send £1k. Doesn't make any sense to me, but "themz teh rulez".

Whilst RBS use one time passcodes they don't do so exclusively. They still support the card reader option which may not be as convenient as one time pass codes but, to my mind at least, is a much more secure method as the physical card, PIN and online login all need to be active at the same time, or at least secure until people start dishing out the numbers generated to people who cold called them.

RN61

phillw said:

Santander transaction limit is £25k, but with a £100k a day limit & so you can make multiple transactions.

I might have been on MSE for too long, but doesn't everyone here have 7 current accounts??

Only seven? 🤣