Large money transfer timescale

Just to add…

With Monzo you’ll need to contact them advance, ideally the day before and ask for a limit increase via chat. Or you can attempt the payment, watch it fail, then it should prompt you to request a higher limit.

I’d also encourage the other person to be on standby to ring their bank, because that volume will almost certainly trigger a fraud flag. That can delay things by a few hours.

Obviously, don’t actually transfer anything until you’ve signed for the car etc but you knew that already

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