Re: BACS v CHAPS

biggirlsblouse wrote:
"LSR" <nospam@xxxxxxxxxx> wrote in message
news:57485tF2bj2tlU1@xxxxxxxxxxxxxxxxxxxxx
I just had a Northern Rock fixed-term investment mature. They say
"unfortunately we can't transfer the balance by BACS to your bank
account"; the only options to get the money are a cheque by post, or
a CHAPS transfer which costs me £35.

Why can't they use BACS? (which I believe should cost 70p or so).
Cheques do have the habit of getting lost in the post - assuming
they get sent in the first place - and it's probably real hassle
getting a replacement issued.

--
LSR

I have never heard of that one, unless its a temporary glitch (see
news this morning of BACS delays to transfer salaries).
All my online accounts use BACS to transfer funds, and all my bills
are paid via BACS.

No it's actually printed as a condition on the maturity form; sorry I didn't
make that clear.

--
LSR


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