Limit on money transfer

Arnie5

Is there a limit on how much money my husband can put into my account?

Aretnap

Can you be more specific about what you're asking and why? Is it related to the house purchase you talk about on your other threads? 

There is no general limit on how much money your husband can give you. There may be limits on how much you can hold in some particular bank accounts, or how much you can transfer in a single transaction, depending on the bank and type of account.

friolento

None apart from the general limits on maximum daily / weekly / monthly transfer amounts which vary from provider to provider, and sometimes for different accounts at a given provider.

Also, ISAs cannot be transferred from one living person to another.

Ayr_Rage

friolento said:

None apart from the general limits on maximum daily / weekly / monthly transfer amounts which vary from provider to provider, and sometimes for different accounts at a given provider.

Also, ISAs cannot be transferred from one living person to another.

Don't confuse the issue please, funds in an ISA can be removed from that wrapper and moved anywhere.

boingy

Arnie5 said:

Is there a limit on how much money my husband can put into my account?

No there is not, but you might find banks delaying payments whilst they do fraud checks, typically a 20 minute phone conversation where they ask you banal questions. My favourite question was "Are you feeling more stressed than usual?" I'm pretty sure most normal folks would be a bit stressed by a bank making the transfer harder than it should have been...

Keep_pedalling

Presumably this is related to your house purchase.

https://forums.moneysavingexpert.com/discussion/6627984/first-time-buyer#latest

Do you need a mortgage to purchase this?

Linton

boingy said:

Arnie5 said:

Is there a limit on how much money my husband can put into my account?

No there is not, but you might find banks delaying payments whilst they do fraud checks, typically a 20 minute phone conversation where they ask you banal questions. My favourite question was "Are you feeling more stressed than usual?" I'm pretty sure most normal folks would be a bit stressed by a bank making the transfer harder than it should have been...

I doubt a transfer to a spouse would cause any problems.