Is it ok to make main payment via online bank transfer?

theartfullodger

When I've shifted significant amounts around I've usually found that if I'm sending then there's a limit for how much for each transac tion.  So have had to send sau 3 x £29,999.99k on separate days.. 

Suspect your bank may have some suggestions.. if you are still able to talk to your bankers....

GervisLooper

theartfullodger said:

When I've shifted significant amounts around I've usually found that if I'm sending then there's a limit for how much for each transac tion.  So have had to send sau 3 x £29,999.99k on separate days.. 

Suspect your bank may have some suggestions.. if you are still able to talk to your bankers....

Yes there are limits I read on their site and following having read this other thread.

Maahes

GervisLooper said:

I was just thinking in case any issues arose, there is a lot of fraud about isn't there. Just thinking of possible cases where the account details were not actually of who you thought they were but I suppose the online banking's check payee details avoids that?

I had already transferred the initial search fees - £300? - to the conveyancer by bank transfer and they'd confirmed receipt. Their details were therefore saved in my banking app. Had I received an email advising new bank details for the deposit (which I gather is a common way of defrauding someone) I would have rung the conveyancers to confirm.

born_again

GervisLooper said:

Maahes said:

Like most people I imagine, I paid everything that went to my solicitor - the deposit and their bill by bank transfer from the app on my phone. I think people on the consumer rights board meant pay some of an online purchase by credit card as that gives some protection. In this case I was paying someone whose identity and bank details I'd already verified so I was comfortable making the payment.

user1977 said:

Not sure what "by debit" means - do you mean debit card?

This isn't a situation where there would be any reason to reverse the payment, assuming you've checked that you're paying to the correct account. Normal "consumer rights" don't apply here.

I was just thinking in case any issues arose, there is a lot of fraud about isn't there. Just thinking of possible cases where the account details were not actually of who you thought they were but I suppose the online banking's check payee details avoids that?

If you get a email saying acc details have changed or such. Always ring solicitor on a known number to confirm details of where to send payments.

FreeBear

born_again said:

GervisLooper said:

Maahes said:

Like most people I imagine, I paid everything that went to my solicitor - the deposit and their bill by bank transfer from the app on my phone. I think people on the consumer rights board meant pay some of an online purchase by credit card as that gives some protection. In this case I was paying someone whose identity and bank details I'd already verified so I was comfortable making the payment.

user1977 said:

Not sure what "by debit" means - do you mean debit card?

This isn't a situation where there would be any reason to reverse the payment, assuming you've checked that you're paying to the correct account. Normal "consumer rights" don't apply here.

I was just thinking in case any issues arose, there is a lot of fraud about isn't there. Just thinking of possible cases where the account details were not actually of who you thought they were but I suppose the online banking's check payee details avoids that?

If you get a email saying acc details have changed or such. Always ring solicitor on a known number to confirm details of where to send payments.

And then do a small test transaction (say £1) and get conformation that the money has been received.

Bookworm105

depending on how much is involved you may not have a choice over payment mechanism

there is a daily limit if using "faster payment" (ie online bank transfer and/or debit card) so to send tens of £ thousands you may need to make several smaller payments over a course of many days

alternatively you can get pre authorisation from your bank to make a single transfer, or you can do a CHAPS payment.

BonaDea

FreeBear said:

born_again said:

GervisLooper said:

Maahes said:

Like most people I imagine, I paid everything that went to my solicitor - the deposit and their bill by bank transfer from the app on my phone. I think people on the consumer rights board meant pay some of an online purchase by credit card as that gives some protection. In this case I was paying someone whose identity and bank details I'd already verified so I was comfortable making the payment.

user1977 said:

Not sure what "by debit" means - do you mean debit card?

This isn't a situation where there would be any reason to reverse the payment, assuming you've checked that you're paying to the correct account. Normal "consumer rights" don't apply here.

I was just thinking in case any issues arose, there is a lot of fraud about isn't there. Just thinking of possible cases where the account details were not actually of who you thought they were but I suppose the online banking's check payee details avoids that?

If you get a email saying acc details have changed or such. Always ring solicitor on a known number to confirm details of where to send payments.

And then do a small test transaction (say £1) and get conformation that the money has been received.

This is what I do when sending large payments.  £1 first, quick phone call to someone whose voice I recognise to check it's there, then the rest.

jimbog

BonaDea said:

FreeBear said:

born_again said:

GervisLooper said:

Maahes said:

Like most people I imagine, I paid everything that went to my solicitor - the deposit and their bill by bank transfer from the app on my phone. I think people on the consumer rights board meant pay some of an online purchase by credit card as that gives some protection. In this case I was paying someone whose identity and bank details I'd already verified so I was comfortable making the payment.

user1977 said:

Not sure what "by debit" means - do you mean debit card?

This isn't a situation where there would be any reason to reverse the payment, assuming you've checked that you're paying to the correct account. Normal "consumer rights" don't apply here.

I was just thinking in case any issues arose, there is a lot of fraud about isn't there. Just thinking of possible cases where the account details were not actually of who you thought they were but I suppose the online banking's check payee details avoids that?

If you get a email saying acc details have changed or such. Always ring solicitor on a known number to confirm details of where to send payments.

And then do a small test transaction (say £1) and get conformation that the money has been received.

This is what I do when sending large payments.  £1 first, quick phone call to someone whose voice I recognise to check it's there, then the rest.

everyone sends £1. Better to choose something like £1.24 and get then to tell you what you sent