Which bank accounts allow outbound transfers to third-parties of very large sums?

[Bizman]

I have got my life savings in various investments, but the Labour Party's tax and other policies don't make it worthwhile to keep the money invested for ever-decreasing returns netted by me. Therefore, my intention is to exit from those investments over a period of around a year and then use the redeemed funds to buy a house in cash. This will be several hundred thousand pounds.

The issue I face is that most bank accounts I know have a daily limit of around £20k that one can transfer out. I've rang my existing banks and they are firm with these daily caps.

Savings accounts I have do allow transfers of sums larger than £20k, but only to one nominated bank account in my name.

I am looking for a UK bank or building society account that will ideally both (a) pay a good rate of interest while my funds accrue and (b) allow me to make a transfer of a substantial six-figure sum to the solicitor to buy my house.

I am happy to go into their branch with my proof of ID etc. or, if they don't have branches, to email or post any instruction and documentation they require to enable the outbound transfer.

Any suggested bank accounts please?

Thank you.

[pawncob]

Banks normally only set limits for on line transactions. Any bank will allow transfers of unlimited amounts as long as you comply with their procedures.

[someone]

You want CHAPs payments. For very large sums the 25 or so fee isn't really a problem. It's a long while back but 100K could be done over the phone. More than 100K needed the setup to be done in writing.

You may have as many problems with the receiving bank wanting to know the source of the money and they may freeze your account. You definitely want to alert them about it too.