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[wycombemariner]

Would this work with transfering money from account to account by internet banking?

 

Would it do all of the above if the accounts were with the same bank but were still seperate accounts?

[tiglet]

Worth a shot, I would think.

[missm]

Hmm I might try this as well... I recently got a smile account with £500 O/D, I have a current account with RBS with OD of £450... might swap em out back and forth

[alix2]

Nice thought but what if the tax man decides to call how are you going to explain the extra monies not paid taxes on ???

[tiglet]

You won't need to as you'll be able to show they are the same monies, simply passing between different accounts.

[jmuggali]

Nice thought but what if the tax man decides to call how are you going to explain the extra monies not paid taxes on ???

 

It's not extra money, tax has already been paid on it (hopefully)

[chocolatte]

lol i like that one, especially the part about it costing them to process it serves them right for being greedy in the first place!! haha

 

Unfortunately my account is with the Abbey and they charge me to do any transactions over the counter at a rate of £3 per transaction, scandelous isn't it.

However, it is a fabulous technique and if I need to borrow in the future I may call on this technique, haha