Transfer Limits - How do I do it?

Band7

housebuyer143 said:

Futuristic said:

mebu60 said:

kernowblade said:

Hi all, We've sold our house and now have a large sum in our current account. I want to put it in one (or more) 1 year fixes. How do I do this when my bank limit (Natwest) transfers to 20K a day but the receiving account requires the funds within 14 days? I understand that I can use CHAPS but some of the accounts found on the forum (Allica for one) don't accept CHAPS transfers. 

Are you sure that's £20k max per day rather than £20k max per transaction? Most allow £100k per 24 hours which is the FPS restriction. So multiple transactions (I always do unique amounts just in case one payment has an issue rather than 5 x £20k). Or call them, they will probably do an FPS transfer up to £100k. Then call again >24 hours if you need another one doing.

Don't forget FSCS £85k limit per institution. 

Most banks are actually £20-25k, some higher if you have their "premier or private" banking. Only few actually allow 100k/day or over even with additional checks.

Natwest own help centre doesnt mention ability to send higher even in branch which is quite bad if true; https://supportcentre.natwest.com/Nonsearch/913208362/What-are-the-payment-limits.htm

This is true for NatWest. It's £20k a day or chaps only 

Or £99,999.99 via SO set up in Branch.