We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
Bank Transfer fee
pumas
Posts: 188 Forumite
Edit - yes this is what they charge for handling it.
(how do you close a thread?)
My conveyancer has quoted £45 + vat for 'Bank transfer fee'. This seems to be them charging me, not the bank charging them.
Is it normal?
(how do you close a thread?)
My conveyancer has quoted £45 + vat for 'Bank transfer fee'. This seems to be them charging me, not the bank charging them.
Is it normal?
0
Comments
-
If the bank has charged them it seems they are passing it on to you1
-
horsewithnoname
Its me buying, them paying seller.
I'd be happy to pay by cheque, but there'd be no paper trail.0 -
Is it the CHAPS fee (and maybe a small markup)?1
-
Their bank charges £15 for CHAPS, FASTER payment free.
I'm surprised it's not included in their fee.0 -
In a previous life, I used to collect cheques from various businesses and deposit them in an account on behalf of another company. Amounts varied from a few thousand up to a couple of million. Would often get asked about the source of these funds and what they were for.35har1old said:
Ask them for a cheque.pumas said:My conveyancer has quoted £45 + vat for 'Bank transfer fee'. This seems to be them charging me, not the bank charging them.
Is it normal?
Can avoid questions being asked in regards where the money came from
Her courage will change the world.
Treasure the moments that you have. Savour them for as long as you can for they will never come back again.1 -
Yes, utterly standard for there to be a charge. £45 + VAT is at the higher end (and yes, the charge they actually pay to their bank will be considerably less) but this is all normal.pumas said:My conveyancer has quoted £45 + vat for 'Bank transfer fee'. This seems to be them charging me, not the bank charging them.
Is it normal?1 -
Somebody's time in the office will be utilised and charged.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.3K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.3K Work, Benefits & Business
- 597.9K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards