NatWest bank (Advice)

Jack_bauer24

Why is NatWest bank always strict and secure? my dad was supposed to lend me £2,000 today, but he only could transfer £1,000 to my Barclays bank this afternoon around 5ish as my dad's Natwest Bank has a limit on how much he can transfer. Does anyone know that if my dad tries to transfer the other £1,000 at midnight tonight, would it go through? 

The first £1,000 he had to send £200 at a time to my bank as his bank wouldn't let him transfer £1,000 all in one go.

Banks are pathetic. Why do they put strict limits on our Bank Accounts when it's our money? 

wmb194

Jack_bauer24 said:

Why is NatWest bank always strict and secure? my dad was supposed to lend me £2,000 today, but he only could transfer £1,000 to my Barclays bank this afternoon around 5ish as my dad's Natwest Bank has a limit on how much he can transfer. Does anyone know that if my dad tries to transfer the other £1,000 at midnight tonight, would it go through? 

The first £1,000 he had to send £200 at a time to my bank as his bank wouldn't let him transfer £1,000 all in one go.

Banks are pathetic. Why do they put strict limits on our Bank Accounts when it's our money? 

The problem is that too many people are being scammed but you can transfer more. He needs to go into, "payments and transfers" in internet banking and change the limit. Your account may also need to be verified via COP.

tizerbelle

It is a limit on the mobile app only if you haven't registered for biometric approval (with the bank - not your phones fingerprint reader) and are trying to send money to someone new.  Its to protect people from scams. 

If he has his card reader he can login to the website and transfer up to £20k a day by faster payments

MrFrugalFever

I'd quite like my bank (NatWest) to remain 'secure' so that my hard earnt money isn't fraudulently taken.

Your dad simply needs to sign up to Biometric Approval on the app (which when going to make a payment it even tells you that if you want to make a transfer larger than £1,000 this is necessary) or login to the desktop based internet banking website whereby he will then be able to transfer up to £20,000 in one go with the use of a card reader (doesn't even have to be a NatWest bank one, can be any banks card reader).

35har1old

tizerbelle said:

It is a limit on the mobile app only if you haven't registered for biometric approval (with the bank - not your phones fingerprint reader) and are trying to send money to someone new.  Its to protect people from scams. 

If he has his card reader he can login to the website and transfer up to £20k a day by faster payments

It's usually £1000 before biometrics kick in

Jack_bauer24

Update: He attempted to send the other £1,000 at midnight around 1am with £200 at a time, and it went through.  

General_Grant

Jack_bauer24 said:

Update: He attempted to send the other £1,000 at midnight around 1am with £200 at a time, and it went through.  

So it was beyond midnight and into the next bank day.

flaneurs_lobster

General_Grant said:

Jack_bauer24 said:

Update: He attempted to send the other £1,000 at midnight around 1am with £200 at a time, and it went through.  

So it was beyond midnight and into the next bank day.

The NatWest daily payment limit runs from 6:30pm each day for 24 hours.