hTTi

I need to transfer a high 5 figure amount to a bank to pay off my mortgage. I bank with DKB and the mortgage is with a regional Sparkasse branch.

Will a sum of this size trigger any security protocols with DKB? E.g. account blocking, will they call me with security questions etc.

Didn't have an issue while doing exactly that. I just had to change the daily limit for the account, fortunately with DKB the change is instant.

You can never tell what will trigger the fraud-detection flags, but this should be fine.

If you are concerned, you could always tell them first, and/or go and do it 'in branch'.

Krieg wrote: ↑Thu Jul 04, 2024 10:15 am Didn't have an issue while doing exactly that. I just had to change the daily limit for the account, fortunately with DKB the change is instant.

Thanks for the reassurance. I've made the transfer and my account balance has reduced and I've received no texts to suggest the transfer hasn't been successful. I've also asked the banker to inform me when the funds are received.

Moving higher amounts between your personal accounts should not be a problem. Even between countries that are OK.

Nixon wrote: ↑Thu Jul 18, 2024 11:31 am Moving higher amounts between your personal accounts should not be a problem. Even between countries that are OK.

I am not so sure. Doing this regularly is one of the reasons Neo-Banks might cancel your account due to issues with the EU anti-laundering laws. The crappy thing is that they just close your account without giving you any chance to explain yourself.

Maybe it depends on frequency?