Bank transfer

Discussion in 'Money Management & Banking' started by Hulk, 2nd Feb, 2020.

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  1. Hulk

    Hulk Active Member

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    6th Aug, 2019
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    Hi

    I see most bank have daily limits on how much money can be moved in a day between accounts. How does it work for big transactions like settlement after selling a home?

    I understand money comes to the trust account but I am asking how do we manage it after it reaches the personal account of seller ?

    Regards
     
    Hulk, 2nd Feb, 2020
    #1
  2. Trainee

    Trainee Well-Known Member

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    Go to a branch and bring 100 points of ID.
     
    Trainee, 2nd Feb, 2020
    #2
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  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    request a one off increase for a large transfer
     
    Terry_w, 2nd Feb, 2020
    #3
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  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Telegraphic Transfer aka TT

    old skool, but works

    ta

    rolf
     
    Rolf Latham, 3rd Feb, 2020
    #4
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  5. Hulk

    Hulk Active Member

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    6th Aug, 2019
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    Sydney
    thanks guys !
     
    Hulk, 3rd Feb, 2020
    #5
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