Chip with Barclays account

thegentlewaythegentleway Forumite
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Trying to deposit savings into Chip from my Barclays account but it only lets me pull £2,000 a day!? Is this the same with other banks?
No one has ever become poor by giving

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  • flaneurs_lobsterflaneurs_lobster Forumite
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    Trying to deposit savings into Chip from my Barclays account but it only lets me pull £2,000 a day!? Is this the same with other banks?
    Shifted £2.5K in a oner from Monzo last week
  • Band7Band7 Forumite
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    Trying to deposit savings into Chip from my Barclays account but it only lets me pull £2,000 a day!? Is this the same with other banks?
    I have done £40k+ with Santander, in 3 lots, as the CHIP (?) limit is £15k per transaction.

    I wasn't aware that there are different limits for different banks. Have you tried depositing with debit card? Though careful, it takes 3 days before you begin to get interest on debit card deposits
  • AmityNeonAmityNeon Forumite
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    Halifax apparently has a daily limit of £9,999.

    Open Banking limits don't appear to be published and can vary wildly between the banks, and they're generally lower than standard online Faster Payment limits.
  • thegentlewaythegentleway Forumite
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    Band7 said:
    Trying to deposit savings into Chip from my Barclays account but it only lets me pull £2,000 a day!? Is this the same with other banks?
    I have done £40k+ with Santander, in 3 lots, as the CHIP (?) limit is £15k per transaction.

    I wasn't aware that there are different limits for different banks. Have you tried depositing with debit card? Though careful, it takes 3 days before you begin to get interest on debit card deposits
    Great I’ve got a Santander account so I’ll just link that instead.

    Haven’t tried with debit card as can’t be doing with waiting 3 days. 
    No one has ever become poor by giving
  • Band7Band7 Forumite
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    Band7 said:
    Trying to deposit savings into Chip from my Barclays account but it only lets me pull £2,000 a day!? Is this the same with other banks?
    I have done £40k+ with Santander, in 3 lots, as the CHIP (?) limit is £15k per transaction.

    I wasn't aware that there are different limits for different banks. Have you tried depositing with debit card? Though careful, it takes 3 days before you begin to get interest on debit card deposits
    Great I’ve got a Santander account so I’ll just link that instead.

    Haven’t tried with debit card as can’t be doing with waiting 3 days. 
    Prepare yourself for your first or second deposit from Santander to result in your account getting blocked. Once you have managed to get the block lifted, you should be fine with subsequent deposits. But may be you are lucky and they let you off entirely.
  • PloughmansLunchPloughmansLunch Forumite
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    I’m having this same trouble - £2k max a day through Barclays. It appears to be limited because Chip pulls through Open Banking without being listed as a payee. Otherwise Barclays open banking limit is much higher. I can add the sort code and account manually but without the app’s reference (which is dynamically generated each time) the deposit will probably just end sitting up in Chip’s Clearbank account. Maybe time for me to move to Kroo from tomorrow for ~the same interest rate but with a unique account number for ease.
  • Jmc85Jmc85 Forumite
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    I’ve moved £5k Barclays to Chip with no trouble - although I have a Premier current account so possibly have increased limits?
  • Band7Band7 Forumite
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    I’m having this same trouble - £2k max a day through Barclays. It appears to be limited because Chip pulls through Open Banking without being listed as a payee. Otherwise Barclays open banking limit is much higher. I can add the sort code and account manually but without the app’s reference (which is dynamically generated each time) the deposit will probably just end sitting up in Chip’s Clearbank account. Maybe time for me to move to Kroo from tomorrow for ~the same interest rate but with a unique account number for ease.

    CHIP doesn't process incoming traditional Faster Payments, and there are different limits for different banks for the OB bank transfers. With Kroo, you can use traditional Faster Payments. Not sure whether Kroo has limits for OB bank transfers but I know they don't do Starling at all.

     
  • jaypersjaypers Forumite
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    Probably just me but there is nothing about CHIP that appeals to be. Perhaps I need to look into it a bit more as I’m obviously put off by the fact it’s not a traditional savings institution. 
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