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bank transfers?

Discussion in 'General Discussion' started by ONESHOTKILL, 1 Aug 2006.

  1. ONESHOTKILL

    Soldato

    Joined: 7 Nov 2004

    Posts: 6,722

    Location: On another planet

    i had to send some money to pay for a item of the MM and we arranged for me to send a bank transfer.I have never done this so i went to my my bank this morning to send the money.I asked that i waned to send this amount to this bank account.The lady said we can do that but there is a small fee,i said how much,she said £20.I am shocked how can it cost £20 ?i was sending from TSB to natwest bank.I this right it costs money to send a transfer?
     
  2. Kazatan

    Gangster

    Joined: 10 Jun 2005

    Posts: 328

    Location: Kent

    depends on your bank?

    online banking with HSBC and it doesnt cost anything.
     
  3. Adz

    Capodecina

    Joined: 18 Oct 2002

    Posts: 10,274

    Location: Berkshire

    Sounds like you were trying to make a CHAPS (same day) transfer. A BACS transfer on a personal account should be free :).
     
  4. Kell_ee001

    Capodecina

    Joined: 19 Oct 2004

    Posts: 12,387

    Location: Jesmond

    If you don't have online banking, withdraw the money and pay it in yourself to a Natwest branch :)
     
  5. Pez

    Mobster

    Joined: 20 Oct 2002

    Posts: 4,961

    Location: Warwickshire

    Quoted for truth.

    No high street bank in the UK charges a fee for 3rd party payments, unless they are via the CHAPS system.
     
  6. iBankAllDay

    Mobster

    Joined: 29 Mar 2004

    Posts: 2,926

    Location: Dundee/Forfar

    This is probably what happened! As mentioned, BACS transfers (2 business days) are usually free. You wouldn't have to go in to a branch to do this, as it can be arranged over telephone/online banking :).
     
  7. ONESHOTKILL

    Soldato

    Joined: 7 Nov 2004

    Posts: 6,722

    Location: On another planet

    there is no natwest banks near me,i will just arrange to send cash or sumthing.I am sick of my bank anyways i am gona change to hsbc.£20 to send £80 is abit steep lol
     
  8. Pez

    Mobster

    Joined: 20 Oct 2002

    Posts: 4,961

    Location: Warwickshire

    Did you listen?

    To send a payment by BACS (which is 3 working days, not 2) is free with all highstreet banks.

    Go back to your bank (Who is it?) and say you would like to transfer money to someone elses account, via BACS.
     
  9. ONESHOTKILL

    Soldato

    Joined: 7 Nov 2004

    Posts: 6,722

    Location: On another planet

    i was listening,but £20 fee to send any amount of money by anyway even if its by jumbo jet it is abit much.

    my bank i TSB and i asked just to send from my bank to another she said it costed £20.Now surely if there was a cheaper way then she would of said?
     
  10. UFX

    Hitman

    Joined: 5 Mar 2004

    Posts: 704

    If your worried about charges just withdraw the money from your bank & walk into a natwest bank & pay it in to his account.
     
  11. ONESHOTKILL

    Soldato

    Joined: 7 Nov 2004

    Posts: 6,722

    Location: On another planet

    my nearest natwest is 6 miles away
     
  12. Hades

    Caporegime

    Joined: 19 Oct 2002

    Posts: 25,750

    Location: Surrey

    I have Lloyds TSB internet banking and it's free to transfer money to another account even in another bank (takes 3 days). Or just withdraw cash, walk into NatWest and pay it into his account directly.

    As mentioned above it sounds like they quoted you £20 for a CHAPS payment (Clearing House Automated Payments System) which is typically used to make same day transfers for large sums of money.