I have had it with banks!
Check this out now and save yourself a world of added stress! As the saying goes…
it is not what you know, but who you know!
I am sick of hearing excuses for poor service, delays, sorry they are not in, I can’t speak to them, they are working from home, I don’t have a record of that, the list goes on.
Don’t get caught out when you need to make a large transfer from your bank and your daily limit has not been updated. We did and it nearly sank our deal!
You may not be aware, but banks put a daily limit on transaction amounts and also an overall daily limit.
Having had my business bank account in place for some time with a reputable high street global bank, I did not consider they would have created such a limiting daily transaction to my account.
Now I should have probably checked and having been the subject of fraud in my last company (an industry that is rife for it) , I understand the need for this, along with two factor authorisation or payment approval to minimise risk.
The day of completion on our auction property we finally get the “completion statement”, delayed due to the vendor’s solicitor not confirming a charge, then it being prepared and sent over.
OK easy peasy, log in and send the money. Hold your horses, not quite so fast there, the limit is not enough . 3 hours of phone calls to the bank , a promise of a call back (that never came), an online request, a secure message and still nothing. With only 2 hours to go , I was not giving up (the changes online should be instant, but “they have been having a few issues recently and it can take 48 hours”. 48 hours, seriously, surely if someone needs the limit increased it is urgent.
48 hours in the world of property is a long time.
If I am one thing, it is persistent , and on my last call I happened to stumble upon a chap who “knew someone” in the other department, how fortunate was I. Some 45 minutes later it was done, not a process, but a person had solved the problem.
Money sent, tick tock on the clock, and one completion on the way!