Re: Why is it...
"...I can't transfer more than 50p without a red flag being raised somewhere in the name of anti-terrorism yet politicians manage to transfer millions?"
Too bloody right; Last year as Executor of my late parents estate I tried to pay out to family members including myself.
I tried mobile banking (specifically added to the account fot this purpose.)
Computer says NO; amount too large please try in branch.
So I went to the Branch to do EFT
"Sorry no can do" says the bank "£5k a day limit on EFT". But we can do CHAPS for a fee on each payment.
Is there any way I can pay this money out in one go without an extra fee.?
Yes said the bank you can write a cheque but it will take up to three days..
So all the latest technology fails but good ole paper which presumably triggered a BACS transfer is allowable. No passwords or 2 factor auth etc just an illegible scribble..
If I had any more parents left I think I'd go offshore just for the convenience...