Nationwide online payments limit

Harry227

 I'm trying to buy a car from a mainstream dealership in the UK.  I need to transfer £31,000 from my Nationwide account to the dealership- ideally today. 

I'd not realised that Nationwide have a daily transfer limit (should have read the small print!). Apparently, I can only send up to £25,000 per day to a recipient I've not transferred money to before (or not "many times" - whatever that means).  Obviously, I'm not regularly sending money to the dealership.

Any advice on how best to pay for this please?  I believe CHAPs is a possibility if I pay a charge for this. I'd like to pay today (Friday).  Would the Nationwide system allow me to pay £25,000 today and the remaining balance tomorrow (Saturday)? If the dealership would accept this. Or, I perhaps I could send £25,000 from Nationwide and the remaining sum from my TSB current account, but that seems 'messy' and I really want to avoid complications and IT glitches etc.

I'm just looking for a trouble-free and secure way to pay,

Mr.Generous

Download nationwide card to Apple pay on mobile phone, Apple pay has no limit as long as your account balance can take it. I don't know what the Android equivalent is, but car dealer told me phone payments have no limit. I paid for my car this way, about £19k I think after the trade in taken off. I paid the car tax using a card and had to go through authorisation process with the bank to pay that but not for the car purchase. I guess the car tax is an online purchase where the phone was an in person if that makes a difference.

NorwichMan

Someone else might have clearer answers to your questions, but if I were in your situation I would be on the phone to nationwide and/or going into a branch asap to ask them how best to make the payment. There will be a cutoff time to place a CHAPS payment for today.

MattMattMattUK

Harry227 said:

 I'm trying to buy a car from a mainstream dealership in the UK.  I need to transfer £31,000 from my Nationwide account to the dealership- ideally today. 

I'd not realised that Nationwide have a daily transfer limit (should have read the small print!). Apparently, I can only send up to £25,000 per day to a recipient I've not transferred money to before (or not "many times" - whatever that means).  Obviously, I'm not regularly sending money to the dealership.

Any advice on how best to pay for this please?  I believe CHAPs is a possibility if I pay a charge for this. I'd like to pay today (Friday).  Would the Nationwide system allow me to pay £25,000 today and the remaining balance tomorrow (Saturday)? If the dealership would accept this. Or, I perhaps I could send £25,000 from Nationwide and the remaining sum from my TSB current account, but that seems 'messy' and I really want to avoid complications and IT glitches etc.

I'm just looking for a trouble-free and secure way to pay,

Maybe, maybe not, they might block it for security reasons. 

Any decent garage is going to be cognisant of these issues and have no issues with payments being split over multiple days. Alternatively they may take a deposit on a card and then agree the balance by transfer, but often dealers cap the card payment at £1,000-2,000.

I would not see that as "messy" nor likely to cause IT glitches. 

As others have mentioned CHAPS solves the issue, but attracts a fee.

Ayr_Rage

Speaking from experience there is no way around it on the phone, the limit the is set in stone.

You'll have to set up a CHAPS payment at your cost or move part of your funds to another bank and then make two payments to the dealership.

NorwichMan

You said major dealership, but maybe just worth double checking the payment info you have is legit, and not from some middleman scammer intercepting emails and putting on pressure to pay asap?

Harry227

Thank you for all the helpful advice.  Really appreciated. 

So, this is what we're going to try.  Pay Bank transfer from Nationwide £25,000 and then the outstanding balance from my TSB current account by bank transfer.  Fingers crossed!  

SacredStephan

Won't the dealer accept a debit card?

Harry227

SacredStephan said:

Won't the dealer accept a debit card?

I'd thought that would be the obvious route too, but according to the pile of docs they've forwarded to me about payment details, they'll only accept a max of £1000 via debit card and that has to be done with chip and pin, so I'd have to be physically there! 

All a bit bonkers.  When we bought another car some three years ago I used a debit card for over £6000.  Indeed, recently, when we had a large car service and repair tbill o pay for (from another garage), we used the debit card to pay for nearly £2000.

penners324

Give them a call, they'll be able to do a bigger 1 off faster payment. 

penners324

Harry227 said:

SacredStephan said:

Won't the dealer accept a debit card?

I'd thought that would be the obvious route too, but according to the pile of docs they've forwarded to me about payment details, they'll only accept a max of £1000 via debit card and that has to be done with chip and pin, so I'd have to be physically there! 

All a bit bonkers.  When we bought another car some three years ago I used a debit card for over £6000.  Indeed, recently, when we had a large car service and repair tbill o pay for (from another garage), we used the debit card to pay for nearly £2000.

The fees on a debit card payment will become exorbitant