From: Mike Barnes 
Newsgroups: uk.finance
Subject: Re: Sending money to another UK bank.
Date: Sun, 26 Sep 2004 18:28:23 +0100

In uk.finance, Ronald Raygun wrote:
>Chris Malcolm wrote:
>
>> I recently moved #40K by pushbutton phone txfer from one personal
>> Royal Bank of Scot account to another, immediately. Now I need to
>> check if I can move it out as quickly!
>
>With their PC Banking you can move between your own RBS accounts
>immediately with no limit, but not, I think, between yours and
>someone else's.
>
>> Do ING allow txfers of unlimited size?
>
>In yes, out I don't know.  I recently moved nearly 60k, half from
>RBS to ING, the other half from RBS to HBoS.  The former went in
>one go, because the money is "pulled" from the ING end by Direct
>Debit, which is apparently not subject to any limit, but the latter
>had to be "pushed" from the RBS end, and I had to break it up into
>chunks, moving no more than 10k a day.
>
>> What is all this about? I've always been able to write a cheque of any
>> size I had funds for, haven't I?
>
>It's supposed to be a protection feature against someone mugging
>you at the computer and transferring all your dosh at once.  Or so
>they say.  It's really a ploy to make you pay a TT fee for larger
>amounts.

Perhaps using a switch card would help? I paid a £30K bill using Switch
the other day. Even with pretty stringent identity checking over the
phone, it only took about ten minutes start to finish. It might have
made things easier that I warned my bank the day before of what I was
going to do.

-- 
Mike Barnes