Fund transfer to Raisin bank

L

Logo

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Hi,
I plan to open a term deposit account with Raisin bank. However I suspect that Permanent tsb (or whatever they're called now) only allow a limited amount to be transferred per day. I have an IBAN number for Raisin (all ID documents and video call approved) but would appreciate if anyone knows if I will need to drip-feed funds into the account over time? Or is it possible to call into a Permanent tsb branch to transfer the funds in one transaction? TIA
 
Logo said:
Hi,
I plan to open a term deposit account with Raisin bank. However I suspect that Permanent tsb (or whatever they're called now)
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PTSB.
Logo said:
only allow a limited amount to be transferred per day.
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They do:

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Logo said:
Or is it possible to call into a Permanent tsb branch to transfer the funds in one transaction? TIA
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Yes - you can do larger transactions in branch - make sure to bring suitable identification and proof of address in case they need to update these on your file and/or check them for the specific transaction.
 
Thanks ClubMan for your really helpful reply. I suppose you don't happen to know what is the limit for transactions in branch.
 
I don't know if there's an upper limit but I transferred 50k to Raisin by visiting the PTSB branch.
 
Brendan Burgess said:
No. It's now called ptsb

Brendan
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Logo said:
Thanks ClubMan for your really helpful reply. I suppose you don't happen to know what is the limit for transactions in branch.
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Slim said:
I don't know if there's an upper limit but I transferred 50k to Raisin by visiting the PTSB branch.
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Don't think there's any limit other than what's in the originating account. I've transferred several hundred thousands in one go in branch.
 
They have a daily limit online.

I setup a number of repeating standing orders in the past to help get the money in faster.

If your raisin is not yet open and if you had a bank without limits (e.g. n26) you could start dripping Into that bank today,
 
SPC100 said:
They have a daily limit online.
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I already explained this in detail above.

Fund transfer to Raisin bank

Hi, I plan to open a term deposit account with Raisin bank. However I suspect that Permanent tsb (or whatever they're called now) only allow a limited amount to be transferred per day. I have an IBAN number for Raisin (all ID documents and video call approved) but would appreciate if anyone...
www.askaboutmoney.com
 
ClubMan said:
Don't think there's any limit other than what's in the originating account. I've transferred several hundred thousands in one go in branch.
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What did you put in for the Destination / Receiver Account Holder Address?

I went to PTSB earlier and they gave me the Swift form to fill out. I think I have all the details except for this and I have to go back into them at 4pm today. Obviously I am the account holder but I don't have an address in Germany (Where Raisin are based). Is it as simple (or not) as putting in my Irish address?

I have already put in the Frankfurt address for the Destination Bank Address.
 
ClubMan said:
The correct details for the payee. But the payee wasn't Raisin.
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Ah ok. I'm trying to do what the thread starter did with Raisin. So in essence I'm trying to send money (more than 10K) to myself (as I have a Raisin DE account). Was just in with PTSB and they said to put my Irish address.
 
I have transferred considerable sums to Raisin. I use a BOI C/A as the source which allows €20k per day and I just repeat the transfers until I reach the full amount. It's never been a problem, the transfers accumulate in my Raisin cash account until the contracted amount is reached and they they seamlessly transfer it and open the deposit. Takes a few days but it beats dealing the the current iteration of branch banking.
 
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