We have finished the purchase of a small property - and the moving - thank goodness. During the transaction we were forced to make several 'telegraphic transfers' at £30 each for bank charges.
It seems to me that the charges were excessive, the money was transferred electronically - certainly no telegrams were generated! When I suggested that I could simply take out the cash and carry it over the road to the solicitor, as he did not want to take a bank cheque or debit card, that method was also refused.
When a mortgage is arranged, few people will back out due to bank charges - so the banks know they have a 'captive' client, who will accept nearly any charges imposed.
It seems to me that the charges were excessive, the money was transferred electronically - certainly no telegrams were generated! When I suggested that I could simply take out the cash and carry it over the road to the solicitor, as he did not want to take a bank cheque or debit card, that method was also refused.
When a mortgage is arranged, few people will back out due to bank charges - so the banks know they have a 'captive' client, who will accept nearly any charges imposed.