I had a look and decided not to get it, the benefits were underwhelming for the cost.
But it’s worth having a look at the HfP review on it.
I had a look and decided not to get it, the benefits were underwhelming for the cost.
But it’s worth having a look at the HfP review on it.
I’ve toyed with this a good few times but never pulled the trigger. For me at around 3 trips abroad a year it’s not worth the cost. But it’s a decent offering for the price if you are, as they say, the “dedicated traveller”
I was pleased to read this as I’ve been calling for it for a while.
It’s the main reason I don’t use my HSBC Premier account that much and instead use another institution as my nominated account for transfers to/from other accounts.
Sadly, my HSBC app still shows the £25k limit though (unless it is being gradually rolled out)
Will have to check with my family if their payment limits have changed when I get a chance as they also hold Premier accounts.
Sent a £1.00 payment to my offshore account in advance of the budget. Went ok. Now to send the remaining £99,999….*
Obviously that’s a joke, I only ever spend in multiples of £1000
It seems now that HSBC offers the highest payment limits for banks with a premier offering.
NatWest Group is at £50K limit I think. My Coutts is still at £1M limit.
Lloyd’s Premier was £100K, can anyone clarify?
Lloyd’s Private is £250k
Santander not too sure. Anyone able to clarify?
These are all from memory, so are unsure if these still apply.
You’re all making my £2,000 limit with NatWest feel really small (could be raised to 20k)
Starling isn’t private but they support up to £1m via Faster Payments so I assume that’s the daily limit. You can send more via CHAPS though (please do correct if I’m wrong).
(For reference I will never be sending that much money…ever)
Oh really, I wouldn’t know as I don’t use them but it’s useful if they do.
Side note- I wish more banks with premium offerings would offer free CHAPs as a benefit.
Similar to Barclays, although I’m not a fan of them and their offering, so I am happy to lose out and pay for the time being for the service.
I always hope that, one day, I will
May I ask, who is the other institution out of curiosity?
Oh ye. But I’d be sending £85k to twelve different banks (for FSCS reasons)
Santander - they have a daily faster payment limit of £100k as standard
I also live in the hope that either the Premium Bonds or the lottery will come up and will be putting the first £1,999,999 into my Direct Saver one day
Mind you, now that I’ve started thinking about it, I’m realising that splitting up the SIPP into £85k chunks probably isn’t a viable option. Likewise for the shares ISA when it gets that chunky.
That’s odd - I can’t make faster payments from my Premier Save account - says that I’ve to add a payee, and, when I try, it says the account is not eligible.
Having checked mine is the same too, I can only transfer internally from the savers. Those screens above are via ‘manage payment limit’ on the pay & transfer tab. That section shows Global Money as ineligible to manage so not sure why it even has limits for the savers.
Yes, this is a frustration I’ve had for a while with the way things work. If I want to pay off the cc from savings I have to “double hop” by the current account first.
Also really hope the new design allows hiding of accounts because (ISA limits) I’ve since found that opening an investment account doesn’t group with the existing one and opens a new account and holding account which makes this absolute mess a thing.