Bank maximum transfer amounts.
I recently asked in the savings forum if anyone knew of a bank which did not have a 'silly' restrictions on money transfers. (Bear with me!).
Someone posted a link to a list, which described the limits of a number of institutions, but as pointed out by another poster, it's rather out of date. I've just found this site (perhaps its the same one as previously posted)
Now, looking down that list, it would appear that the majority of banks have an 'online' transfer limit of £25,000. But an 'In Branch' limit of £100,000 to £250,000!
Thats seems like a very large difference. Begging the question, do these institutions not trust their own online security?
Also, whilst it may be an viable avenue for someone who actually HAS a local branch available to visit, i'm sure many now use online banking because that is no longer the case!
Now, if I wanted to make a transaction to 'Gobbledook & Unknown Partners' I can see where a transfer limit MIGHT be of some use (to supposedly protect me from scams etc)
But when I want to transfer money from an account in MY name, to another account in MY name at different but registered UK financial institutuion, I so not see why ANY transfer limit should apply!
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