TSB issues warning to customers over little-known £25,000 'limit'

TSB issues warning to customers over little-known £25,000 'limit'The banking giant, which is rivalled by the likes of Santander, HSBC UK, Lloyds, Nationwide, NatWest, Halifax and more, has

reacted to a account holder's frantic query on social media.NewsJames Rodger Content Editor07:44, 30 Jan 2025TSB issues warning to customers over little-known £25,000 'limit' TSB has issued

a warning to customers over a £25,000 daily limit. The banking giant, which is rivalled by the likes of Santander, HSBC UK, Lloyds, Nationwide, NatWest, Halifax and more, has reacted to a

account holder's frantic query on social media.

“What is the max figure I can make a payment on in from my savings account and my current account? Can I send £100,000 to someone from each of those accounts?” the TSB customer asked the

Twitter/X social media account dedicated to helping customers.

‌ The group said: “For savings accounts, they cannot make external transfers. You can only transfer to other TSB accounts in your name.” TSB explained: “For your current account, you can

send up to £25,000 per day as a faster payment through your Online Banking.

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“For larger payments, you'd need to either arrange this over multiple days, or visit a branch with your card and valid photo ID.” The bank said: “In branch, they can send up to £100,000 per

day as a faster payment, or arrange a CHAPS payment with no limit for larger payments.”

Article continues below On its website, TSB saysyYou can transfer money between accounts and make payments through our mobile app, internet bank, telephone bank and in a branch. To make a

payment in the mobile app, tap "Move money" and then follow the steps on the screen.

To make a payment through Internet Banking, select the account you want to make the payment from and then select "Make a payment" to make a payment to a third party and follow the steps on

screen. To transfer money between TSB accounts, select "Make a quick transfer". You will then be shown the accounts you have under “my accounts”. You can use “Make a transfer” to move money

to those accounts only.

If you'd like to do this on the phone, you must already be registered for Telephone Banking. Call us on 03459 758 758 and have your account details handy. If you prefer to speak to us

face-to-face, visit one of our branches and a TSB colleague will help you.