From: "Gav" 
Newsgroups: uk.finance
Subject: Re: Lloyds TSBs "Wonderful" Offer
Date: Mon, 13 Oct 2003 07:43:42 +0000 (UTC)

I think you must be right there, I transfered £50k into my egg account using
my LloydsTSB Debit card (5 seperate transactions within minutes of each
other). and had no problems what so ever.

Gav

"Julian"  wrote in message
news:o9iib.2$UB.1@news-binary.blueyonder.co.uk...
> Terry, there is info below that might be useful to you re your problem
> with >£1,000 transfers to Egg.......
>
> "Terry Pinnell"  wrote in message
news:tdpiovs8ue3n0abri76g4dcv6cgarvlv5d@4ax.com...
> > "Julian"  wrote:
> > >To be honest, if I didn't have this irrational aversion to changing my
main
> > >bank account I would seriously consider switching to this account. The
only
> > >bad thing I see about it (from your description) is that there is no
longer term
> > >guarantee on interest rates beyond the end of 2004.
> > >
> > >- Julian.
> >
> > That sums up my impression of it too. And after 2004 the rate can't be
> > much worse than the derisory 0.1% I'm getting from Nat West.
>
> I'm NatWest too.
>
> > Oh, and the vague hope NatWest might try to catch up, I suppose.
> >
> > BTW, if you'll excuse the OT digression, you implied the ease of
> > Internet transactions. I use it only to occasionally make deposits to
> > my Egg Savings A/C. On EVERY occasion that I've tried to add more than
> > £1,000, the transaction has been rejected. Egg blame NatWest's
> > security measures, NatWest deny it.
>
> My, we do have a lot in common! As well as NatWest, I also have an
> Egg account. I have had the same problem regarding transfers over £1,000.
> I might be able to help you here, or at least explain what is going on.
>
> Are you trying to make the deposits into your Egg account by using
> your NatWest switch card? If so then this is the problem. NatWest seem
> to have a very low safety limit set on their Switch cards when used for
> online transactions, typically £1,000. What this means is that when you
> enter your Switch card transaction into the Egg web site for £2,000
> (for instance) the NatWest system rejects the debit request made by the
> Egg website because it exceeds your safety limit. NatWest obviously
> claim this is for security but, for many many people wanting to use a
> Switch card for shuffling money around, it makes the card pretty
> useless. I think that if you really complain to NatWest loudly enough
> (preferably with support of your local branch manager) then you might
> be able to get the limit increased somewhat.
>
> The solution I now use is to action all transfers using BACS payments.
> So, if I want to move money to my Egg account then, rather than
> going to the Egg web site and entering my NatWest Switch card number
> so that the Egg systems "pull" the money out of my NatWest account, I
> go to the NatWest website and use the "Third Party Payments"
> feature (under the "Manage Money" option on the left of the screen)
> to initiate a BACS transfer so the money is "pushed" from NatWest
> to Egg. The downside of this is that the transfer takes 2 to 3 days, not
> instant, but there is either no limit (or a much higher limit) on the
> funds you can transfer. To do this you need to know the sort code and
> account number for your Egg account, but that is written on your
> statements, and you only need to enter it into the NatWest site once
> because they provide an address book to store details of accounts that
> you regularly make payments to.
>
> - Julian.
>
>