To be outraged that Lloyds charge £30 to move my own money into a savings account?

[partinor]

Lloyds bank have told me they charge £30 if I want to move more than £50k to another banks savings account. This is outrageous. £30 to move my own money.

kethy My apologies for my bad maths

It’s still less than 0.1% though which I still think is a nominal fee!

It's 0.06%

Do people paying their house deposits complain about the £30 CHAPS fee too?

I'm with you, OP, but you have committed the cardinal sin of displaying wealth on Mumsnet.

FWIW Santander male no charge for a transfer of £75,000!

(make no charge)

Faster limit is actually 100k but some banks impose lower limits (some differentiate by client category too). Barclays does 50k transfers to a third party with no branch visit required.

Sounds like it's a good thing you're swapping bank, OP!

I can do £25k online. I can do more by going into the branch

So do £25k online every day until you've transferred how much you need.

Surely you can't be that desperate to get it right away?

I'm in thousands of pounds of debt so yeah i am struggling to share your outrage tbh. Suck it up.

We earn about 7k less than you and would happily pay 30 quid for 50k.

3 miles or £30. Give your head a wobble and realise what tragedies and trauma other people are going through and appreciate how lucky you are. It's hardly a bother .

you have committed the cardinal sin of displaying wealth on Mumsnet

Complaining about paying £30 to transfer £50k is petty and stupid imo. What a lot of time and energy over bugger all.

It's 0.06%.

To put it into perspective, it's roughly equivalent to going and spending £110 in shopping at Tesco and complaining about the 5p charge for the bag.

Do people paying their house deposits complain about the £30 CHAPS fee too?

Having worked in a high st bank, I can confirm that yes, they do.

Princessmushroom, yes they do complain, trust me

yes they do complain, trust me

Oh yes...and some want hundreds in compensation for a ten minute (essential) drive to the branch. Or £150 compensation because they were kept waiting for ten minutes and their hourly rate is £400 as a Very Important Person.

Some people are crazy.

Banks charge for stuff. I don't think that is either surprising or outrageous.

Hardly surprising that banks charge you to send money to another bank! Banks are having to employ so many staff to deal with financial crime risk these days that I'm surprised it was only £30!

it's roughly equivalent to going and spending £110 in shopping at Tesco and complaining about the 5p charge for the bag.
But you'd need more than one bag for £110 worth of shopping

Wow you’re lucky OP only 3miles to a branch... pretty sure my nearest is now more like 20 as they have shut the nearest 4 in the last 5 years... never go to one now, online, telephone and the post office for cheques are the ways I bank🙄