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    Question about Bank Transfers

    Well, I'm a little confused about this, since I've heard that it actually costs to do a bank transfer to somebody else - is this the case or not?

    The way I'm thinking I'd want to do a bank transfer if I was going to, would be via my online banking - this question applies to both if the other person uses the same bank, and if the person uses another (for obvious reasons).

    Thanks in advance

    11 Comments

    Personally, I've never been charged for this. I bank with Nationwide. And I used to bank with HSBC many years ago, and they never charged me either.

    Go overdrawn by 2p, and that's a whole different story on charges :x

    As Far as I know, Its free.

    [SIZE=2]BACS is free, you may get charged if you use CHAPS because that is a same day transfer. CHAPS will cost around £25.00. [/SIZE]
    [SIZE=2]I have been using BACS for years and I've never been charged.[/SIZE]

    Original Poster

    dinosteveus

    [SIZE=2]BACS is free, you may get charged if you use CHAPS because that … [SIZE=2]BACS is free, you may get charged if you use CHAPS because that is a same day transfer. CHAPS will cost around £25.00. [/SIZE][SIZE=2]I have been using BACS for years and I've never been charged.[/SIZE]



    So would the bank transfer option in the Abbey online banking be BACS then?

    dinosteveus

    [SIZE=2]BACS is free, you may get charged if you use CHAPS because that … [SIZE=2]BACS is free, you may get charged if you use CHAPS because that is a same day transfer. CHAPS will cost around £25.00. [/SIZE][SIZE=2]I have been using BACS for years and I've never been charged.[/SIZE]



    Are you running the forums again Steve. :giggle:

    Mattitude

    So would the bank transfer option in the Abbey online banking be BACS … So would the bank transfer option in the Abbey online banking be BACS then?


    Yes, if you need a CHAPS you will need to contact your Bank. BACS can be 'done' online or via the Telephone if you have phone banking.
    I don't know how Abbey works but with my Lloyds and Smile Accounts, I click on 'Pay Bills, transfer funds or send money.
    If in any doubt, please phone your Bank and ask.

    Syzable

    Are you running the forums again Steve. :giggle:


    I've not read that post yet :-(

    dinosteveus

    I've not read that post yet :-(



    It's ok, everyone here's put him right. :thumbsup:

    Original Poster

    Thanks for the info all, very much appreciated

    Mattitude

    Thanks for the info all, very much appreciated


    Anytime :thumbsup:

    I've never had to pay for a bank transfer
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