27-06-2019, 09:10 AM
I regularly move money in & out of P2P platforms and between savings accounts. My linked current account allows a single £10k faster payment to an account per day, which is a pain as for each transfer out I need to set up multiple future-dated payments.
I imagine I'm not the only one on this forum with this problem. I looked on Google for data, and top of the search results is a 5-year old and outdated MoneySavingExpert article. The official Faster Payments website is not necessarily reliable either (Virgin shown as £100k online, but the T&C's say £10k/payment online, with no info on if you can make multiple payments).
I've tested and Nationwide will do 10 x £10k faster payments each day, and all can be to the same destination.
Can members recommend a current account with higher limits?
I imagine I'm not the only one on this forum with this problem. I looked on Google for data, and top of the search results is a 5-year old and outdated MoneySavingExpert article. The official Faster Payments website is not necessarily reliable either (Virgin shown as £100k online, but the T&C's say £10k/payment online, with no info on if you can make multiple payments).
I've tested and Nationwide will do 10 x £10k faster payments each day, and all can be to the same destination.
Can members recommend a current account with higher limits?