Dumb questions, but...

[j4]

... I know it's possible to do a transfer of money from one bank account to another if you have the other person's sortcode & a/c number. Is the bank likely to charge for this? Does the amount that you're transferring have to be over a certain amount? Can you do it from any bank to any other bank, or is it only if you both bank with the same people?

TIA for advice. I know I probably should just phone the bank to ask stuff like this but I don't really want to sit on hold for half an hour... :-/

Comments

[simont]

I don't tend to have problems of the form "think what I could do with this cash", perhaps because I can never think of what I could do with that much cash which I couldn't do just as easily (if not more so due to absence of funny looks) with a credit card.

Mostly I worry "think how ghastly it would be if I were mugged"...