Originally posted by ladymuck
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Looking at the various banks involved, I think I'll have to do a bit of running around, and that's assuming the sale goes through and the money is transferred to the executor account in a timely manner. The bank for that account doesn't do same-day BACS payments by phone after 1pm, so I may need to scoot down to their branch in the city centre.
And my bank doesn't do BACS payments other than in branch, so even once I get the money to my account I'll have to go to one. If I have to go to town, it's only a short walk to my bank, so I can do them both there. If I do manage to do the first by phone, there's a branch of mine nearer me, in a mainly residential area where it's easy to park, so I'll pop up there. Either way, it's a pain; the Faster Payments system allows big enough transfers in principle, but both banks impose their own limits which are too low
I did think about doing two BACS transfers from the executor account, one to me and one to the Halifax, but there's a charge for each transaction and on investigation, I've concluded that wouldn't be a legitimate use of the estate's funds. One bank transfer charge is OK; two for my personal convenience, not justified
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