Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • anotheruser
    • By anotheruser 6th Aug 18, 3:43 PM
    • 2,631Posts
    • 1,551Thanks
    anotheruser
    Monthly Saver Accounts with Pay In Limits
    • #1
    • 6th Aug 18, 3:43 PM
    Monthly Saver Accounts with Pay In Limits 6th Aug 18 at 3:43 PM
    What happens if the account has a max pay in per month but I transfer in more than that?
Page 1
    • 18cc
    • By 18cc 6th Aug 18, 3:46 PM
    • 799 Posts
    • 529 Thanks
    18cc
    • #2
    • 6th Aug 18, 3:46 PM
    • #2
    • 6th Aug 18, 3:46 PM
    nationwide send it back
    • Willing2Learn
    • By Willing2Learn 6th Aug 18, 3:48 PM
    • 1,608 Posts
    • 1,218 Thanks
    Willing2Learn
    • #3
    • 6th Aug 18, 3:48 PM
    • #3
    • 6th Aug 18, 3:48 PM
    What happens if the account has a max pay in per month but I transfer in more than that?
    Originally posted by anotheruser
    The overpayment will most likely get transferred to the linked current account.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Terry Towelling
    • By Terry Towelling 6th Aug 18, 4:37 PM
    • 643 Posts
    • 540 Thanks
    Terry Towelling
    • #4
    • 6th Aug 18, 4:37 PM
    • #4
    • 6th Aug 18, 4:37 PM
    The T&Cs should tell you the answer to that - some I have heard will return the payment from whence it came.

    I think the one thing you can be sure of is that the bank will almost certainly have a process in place to prevent you from getting more interest than they would otherwise pay you.
    • anotheruser
    • By anotheruser 6th Aug 18, 5:05 PM
    • 2,631 Posts
    • 1,551 Thanks
    anotheruser
    • #5
    • 6th Aug 18, 5:05 PM
    • #5
    • 6th Aug 18, 5:05 PM
    I think the one thing you can be sure of is that the bank will almost certainly have a process in place to prevent you from getting more interest than they would otherwise pay you.
    Originally posted by Terry Towelling
    It's okay, I'm not trying to pull a fast one.
    Just pure wonder.
    • MovingForwards
    • By MovingForwards 6th Aug 18, 5:06 PM
    • 407 Posts
    • 482 Thanks
    MovingForwards
    • #6
    • 6th Aug 18, 5:06 PM
    • #6
    • 6th Aug 18, 5:06 PM
    All the ones I have had say in the t&cs the excess is returned.

    If you want to pay more than the monthly limit find a second savings account.
    • stehouk
    • By stehouk 6th Aug 18, 6:16 PM
    • 152 Posts
    • 64 Thanks
    stehouk
    • #7
    • 6th Aug 18, 6:16 PM
    • #7
    • 6th Aug 18, 6:16 PM
    Beware of the leed's building society if you over pay in the regular saver they drop the interest rate to 0.50%
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,107Posts Today

7,177Users online

Martin's Twitter