how can I buy premium bonds?

Doctor_Who

masonic said:

El_Torro said:

masonic said:

Since when did Virgin Money have a £500 per day limit on faster payments or debit card transactions? This must be a recent thing as I had no issue transferring 5 figure sums in and out when I held an account with them a year ago.

Pay UK have the VM faster payment limit recorded as £100k: https://www.wearepay.uk/what-we-do/payment-systems/faster-payment-system/transaction-limits/

I have 3 M Plus Accounts (current accounts) with Virgin Money. I emptied them a year ago and had to abide by the £500 a day limit. 

Their other current accounts may or may not have the same limitation.

That's insane. When I was using an M Plus account and M Plus saver, I was able to empty a 5-figure sum into the current account, then FP it across to my main current account in minutes. I wonder why they enforced that ridiculous limit with you but not me. I'd never even heard of that limit, beyond making cash withdrawals at ATM/branch.

I used to have the M Plus account and never had a £500 limit on payments. On the Virgin Money website it says:

There are limits to the amount you can pay using the app or Internet Banking. Some payments will need additional authentication using a registered mobile device for the banking app. Find out more about Strong Customer Authentication.

Without authentication, you can usually make payments up to £500 each, or £1000 per day.

With authentication, these limits usually increase to £30,000. These limits don’t apply to transfers between your own accounts, and don't include Direct Debits, standing orders and bill payments made to our approved list of organisations.

https://uk.virginmoney.com/current-accounts/questions-and-answers/m-plus-account/#what-are-the-daily-limits-for-using-my-debit-card-or-making-payments

masonic

Doctor_Who said:

masonic said:

El_Torro said:

masonic said:

Since when did Virgin Money have a £500 per day limit on faster payments or debit card transactions? This must be a recent thing as I had no issue transferring 5 figure sums in and out when I held an account with them a year ago.

Pay UK have the VM faster payment limit recorded as £100k: https://www.wearepay.uk/what-we-do/payment-systems/faster-payment-system/transaction-limits/

I have 3 M Plus Accounts (current accounts) with Virgin Money. I emptied them a year ago and had to abide by the £500 a day limit. 

Their other current accounts may or may not have the same limitation.

That's insane. When I was using an M Plus account and M Plus saver, I was able to empty a 5-figure sum into the current account, then FP it across to my main current account in minutes. I wonder why they enforced that ridiculous limit with you but not me. I'd never even heard of that limit, beyond making cash withdrawals at ATM/branch.

I used to have the M Plus account and never had a £500 limit on payments. On the Virgin Money website it says:

There are limits to the amount you can pay using the app or Internet Banking. Some payments will need additional authentication using a registered mobile device for the banking app. Find out more about Strong Customer Authentication.

Without authentication, you can usually make payments up to £500 each, or £1000 per day.

With authentication, these limits usually increase to £30,000. These limits don’t apply to transfers between your own accounts, and don't include Direct Debits, standing orders and bill payments made to our approved list of organisations.

https://uk.virginmoney.com/current-accounts/questions-and-answers/m-plus-account/#what-are-the-daily-limits-for-using-my-debit-card-or-making-payments

That seems to explain it, I had the VM app (as was required to get the switching incentive at the time). Perhaps this is an option for the OP?

clive0510

ok. believe it or not I'm still trying to sort it. i will let you know what the outcome is. thanks for all the replies,

Slinky

These limits don’t apply to transfers between your own accounts, and don't include Direct Debits, standing orders and bill payments made to our approved list of organisations.

Good grief. Who'd have thought that NS&I, essentially loaning money to the UK Government, wouldn't be an approved organisation!!!