Coventry 50 plus esavings.

Oblivion

Bogof_Babe wrote: »

Yes VB that was the main problem, and as you rightly say it was caused by the restrictions imposed by the originating banks (I found the same with NatWest) not by Coventry, so I am not blaming them as such.

When we do similar transactions with our ING Direct accounts, the direct debit system accepts unlimited amounts as transfers to or from our nominated bank account, as it is driven at their end by having a direct debit instruction in place. I just wished Coventry worked the same way, instead of by BACS.

I agree and I'm surprised that Coventry don't operate the direct debit system since it has to be the easiest method, although they are not alone in this.
I ended up having to send them a cheque when I wanted to deposit £65,000 a while back, and my HSBC current account also 'suffers' from the £10,000 maximum daily electronic payment restriction. All very frustrating!

Froglet

"We will need some of it out in due course - I just hope that is more straightforward" (bogof babe's post)

Hi again.I do believe it is far easier to take money out of the coventry than put it in.Strange thinking that!!