If you're moving money AFTER you've left the UK, I suggest you don't bank with Lloyds
Nov 16th 2009, 10:40 pm
#1
Job Hunting in Ottawa
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Joined: Feb 2008
Location: Ottawa, ON
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If you're moving money AFTER you've left the UK, I suggest you don't bank with Lloyds
I am so angry today, we moved over about £10 before we flew out, leaving the rest to move out when my redundancy money and the utilities came through.
So I rang Lloyds from Canada this morning and told them I'd be moving the rest over and asked if there were any daily restrictions online, and was told I couldn't sent more than 10k in one payment, so I'd need to send multiple payments to HiFX...no problem, they confirmed that'd be fine. So I book my rate with HiFX and go to send the money over.
Set up all the payments. It got held by the fraud team, no problem I thought I'd just call them to release the funds - nope.
Unless you are physically in the country you cannot move more than 10k PER DAY. The only way to move more would be with a chaps payment which....TADA you have to go to a branch to complete!
Sorry for the wall of text, I'm just incredibly frustrated. It's going to take me a week to get the money to HiFX now instead of them having it tomorrow...meaning I'D have it tomorrow or the day after!
End of rant
So I rang Lloyds from Canada this morning and told them I'd be moving the rest over and asked if there were any daily restrictions online, and was told I couldn't sent more than 10k in one payment, so I'd need to send multiple payments to HiFX...no problem, they confirmed that'd be fine. So I book my rate with HiFX and go to send the money over.
Set up all the payments. It got held by the fraud team, no problem I thought I'd just call them to release the funds - nope.
Unless you are physically in the country you cannot move more than 10k PER DAY. The only way to move more would be with a chaps payment which....TADA you have to go to a branch to complete!
Sorry for the wall of text, I'm just incredibly frustrated. It's going to take me a week to get the money to HiFX now instead of them having it tomorrow...meaning I'D have it tomorrow or the day after!
End of rant
Nov 16th 2009, 10:44 pm
#2
Joined: Sep 2008
Posts: 12,830
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
I am so angry today, we moved over about £10 before we flew out, leaving the rest to move out when my redundancy money and the utilities came through.
So I rang Lloyds from Canada this morning and told them I'd be moving the rest over and asked if there were any daily restrictions online, and was told I couldn't sent more than 10k in one payment, so I'd need to send multiple payments to HiFX...no problem, they confirmed that'd be fine. So I book my rate with HiFX and go to send the money over.
Set up all the payments. It got held by the fraud team, no problem I thought I'd just call them to release the funds - nope.
Unless you are physically in the country you cannot move more than 10k PER DAY. The only way to move more would be with a chaps payment which....TADA you have to go to a branch to complete!
Sorry for the wall of text, I'm just incredibly frustrated. It's going to take me a week to get the money to HiFX now instead of them having it tomorrow...meaning I'D have it tomorrow or the day after!
End of rant
So I rang Lloyds from Canada this morning and told them I'd be moving the rest over and asked if there were any daily restrictions online, and was told I couldn't sent more than 10k in one payment, so I'd need to send multiple payments to HiFX...no problem, they confirmed that'd be fine. So I book my rate with HiFX and go to send the money over.
Set up all the payments. It got held by the fraud team, no problem I thought I'd just call them to release the funds - nope.
Unless you are physically in the country you cannot move more than 10k PER DAY. The only way to move more would be with a chaps payment which....TADA you have to go to a branch to complete!
Sorry for the wall of text, I'm just incredibly frustrated. It's going to take me a week to get the money to HiFX now instead of them having it tomorrow...meaning I'D have it tomorrow or the day after!
End of rant
Nov 16th 2009, 10:50 pm
#3
.
Joined: Sep 2008
Posts: 20,185
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
I am so angry today, we moved over about £10 before we flew out, leaving the rest to move out when my redundancy money and the utilities came through.
So I rang Lloyds from Canada this morning and told them I'd be moving the rest over and asked if there were any daily restrictions online, and was told I couldn't sent more than 10k in one payment, so I'd need to send multiple payments to HiFX...no problem, they confirmed that'd be fine. So I book my rate with HiFX and go to send the money over.
Set up all the payments. It got held by the fraud team, no problem I thought I'd just call them to release the funds - nope.
Unless you are physically in the country you cannot move more than 10k PER DAY. The only way to move more would be with a chaps payment which....TADA you have to go to a branch to complete!
Sorry for the wall of text, I'm just incredibly frustrated. It's going to take me a week to get the money to HiFX now instead of them having it tomorrow...meaning I'D have it tomorrow or the day after!
End of rant
So I rang Lloyds from Canada this morning and told them I'd be moving the rest over and asked if there were any daily restrictions online, and was told I couldn't sent more than 10k in one payment, so I'd need to send multiple payments to HiFX...no problem, they confirmed that'd be fine. So I book my rate with HiFX and go to send the money over.
Set up all the payments. It got held by the fraud team, no problem I thought I'd just call them to release the funds - nope.
Unless you are physically in the country you cannot move more than 10k PER DAY. The only way to move more would be with a chaps payment which....TADA you have to go to a branch to complete!
Sorry for the wall of text, I'm just incredibly frustrated. It's going to take me a week to get the money to HiFX now instead of them having it tomorrow...meaning I'D have it tomorrow or the day after!
End of rant
Nov 16th 2009, 11:03 pm
#4
Job Hunting in Ottawa
Thread Starter
Joined: Feb 2008
Location: Ottawa, ON
Posts: 407
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
the bank told me there was no daily limit, I'd just need to send multiple 10k payments. I can't help it if they give me false information.
Nov 16th 2009, 11:35 pm
#5
Scottish Canuck
Joined: Aug 2006
Location: Auld Scotia > Nova Scotia > Calgary
Posts: 3,703
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
I have posted about about this a few times over the years - it is not only Lloyds that have security procedures to follow.
It's up to you to set up passwords etc with your bank. Prior to leaving the UK I had to set up 3 passwords with my bank to enable me to transfer sums higher than 5000 GBP to HIFX - this came into effect when I left the UK. Security is there for our benefit.
It's up to you to set up passwords etc with your bank. Prior to leaving the UK I had to set up 3 passwords with my bank to enable me to transfer sums higher than 5000 GBP to HIFX - this came into effect when I left the UK. Security is there for our benefit.
Nov 16th 2009, 11:40 pm
#6
Job Hunting in Ottawa
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Joined: Feb 2008
Location: Ottawa, ON
Posts: 407
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
no, I do agree, I just needed to rant a little.
every other aspect of the move went perfectly, we were bound to hit one bump
every other aspect of the move went perfectly, we were bound to hit one bump
Nov 16th 2009, 11:41 pm
#7
Scottish Canuck
Joined: Aug 2006
Location: Auld Scotia > Nova Scotia > Calgary
Posts: 3,703
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
Good the hear that everything else is going well
Nov 17th 2009, 12:59 am
#8
Forum Regular
Joined: Jan 2009
Location: Toronto
Posts: 49
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
Hi,
I am in Canada and have transferred money from the UK with Lloyds TSB. There is a 10K online limit, but no limit if you write to your actual branch with the transfer instructions. I talked to the Customer Services Manager at my Lloyds TSB UK branch before doing larger transfers. I have used this process twice now with no problems. I even had a phone call from the Manager on my mobile to let me know the money had been transferred.
I am in Canada and have transferred money from the UK with Lloyds TSB. There is a 10K online limit, but no limit if you write to your actual branch with the transfer instructions. I talked to the Customer Services Manager at my Lloyds TSB UK branch before doing larger transfers. I have used this process twice now with no problems. I even had a phone call from the Manager on my mobile to let me know the money had been transferred.
Nov 17th 2009, 1:13 am
#9
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,985
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
I made a couple of bigger transfers by swift to the lawyers account for property purchases.
Nov 17th 2009, 1:18 am
#10
Job Hunting in Ottawa
Thread Starter
Joined: Feb 2008
Location: Ottawa, ON
Posts: 407
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
Hi,
I am in Canada and have transferred money from the UK with Lloyds TSB. There is a 10K online limit, but no limit if you write to your actual branch with the transfer instructions. I talked to the Customer Services Manager at my Lloyds TSB UK branch before doing larger transfers. I have used this process twice now with no problems. I even had a phone call from the Manager on my mobile to let me know the money had been transferred.
I am in Canada and have transferred money from the UK with Lloyds TSB. There is a 10K online limit, but no limit if you write to your actual branch with the transfer instructions. I talked to the Customer Services Manager at my Lloyds TSB UK branch before doing larger transfers. I have used this process twice now with no problems. I even had a phone call from the Manager on my mobile to let me know the money had been transferred.
Nov 17th 2009, 1:45 am
#11
Scottish Canuck
Joined: Aug 2006
Location: Auld Scotia > Nova Scotia > Calgary
Posts: 3,703
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
Nov 17th 2009, 1:50 am
#12
Job Hunting in Ottawa
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Joined: Feb 2008
Location: Ottawa, ON
Posts: 407
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
yeah, I'm going to speak directly to Branch tomorrow, bypass the telebanking and online.
Thanks for your experiences!
Thanks for your experiences!
Nov 17th 2009, 3:16 am
#13
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Posts: 1,709
Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
We had a similar problem with Barclay's.....before we moved we went into our local branch and explained we may need to sell the house in the future and transfer the monies to Canada. We were told this wouldn't be a problem and signed what we thought was the necessary paperwork.
When it came down to transferring the money, I was given a great rate by our bank here RBC, so I rang Barclay's to get it transferred. Only to be told that I could either transfer 5000 per day over the phone or 2000 via online banking.
By the time we argued we had lost the great rate and had lost $12000 What a waste of time!!!!!
Our friends who banked with HSBC had no trouble at all....and I would highly recommend anyone opening an account with them before moving...I sure wish we had.
Linda
When it came down to transferring the money, I was given a great rate by our bank here RBC, so I rang Barclay's to get it transferred. Only to be told that I could either transfer 5000 per day over the phone or 2000 via online banking.
By the time we argued we had lost the great rate and had lost $12000 What a waste of time!!!!!Our friends who banked with HSBC had no trouble at all....and I would highly recommend anyone opening an account with them before moving...I sure wish we had.
Linda
Nov 17th 2009, 4:46 am
#14
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Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
considering that rates of exchange can go up as well as down, and that currently GBP to CAD is tom tit..... having to move a little at a time might be a blessing in disguise?
afterall, if with each chunk of change moved, your price goes in your benefit, you'd make a profit not seen with one fell swoop.
frankly, right now i wish i could move less than £5k at a time.
afterall, if with each chunk of change moved, your price goes in your benefit, you'd make a profit not seen with one fell swoop.
frankly, right now i wish i could move less than £5k at a time.
Nov 17th 2009, 1:09 pm
#15
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Location: South of Calgary
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Re: If you're moving money AFTER you've left the UK, I suggest you don't bank with Ll
considering that rates of exchange can go up as well as down, and that currently GBP to CAD is tom tit..... having to move a little at a time might be a blessing in disguise?
afterall, if with each chunk of change moved, your price goes in your benefit, you'd make a profit not seen with one fell swoop.
frankly, right now i wish i could move less than £5k at a time.
afterall, if with each chunk of change moved, your price goes in your benefit, you'd make a profit not seen with one fell swoop.
frankly, right now i wish i could move less than £5k at a time.
I appreciate that I may have this wrong as I am evidently not the financial whiz kid you are.