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May 8, 2025 at 9:25 am #19967
Morning all,
Has anyone managed to find an appropriate code to use for sale proceeds going to a client? I think we have got all other CHAPS payments into a relevant code but sale proceeds dont really seem to have anything under the property section..
Thanks
Graham -
May 8, 2025 at 10:13 am #19969
Emma
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Hi Graham
We have been using PCOM – even though it notes it’s for the final payment to complete a purchase of a property. I checked with our relationship manager and he seems to think we are fine to use this one. We bank with Barclays.
Thanks
Emma -
May 8, 2025 at 5:45 pm #19979
Thanks Emma!
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May 23, 2025 at 10:53 am #20072
Morning All!
I thought I’d try and get a response from Natwest (Bankline) on our sale proceeds question.
They were very evasive and would not commit to an answer just kept referring me to their FAQ’s section which shows the list of 6 codes used for property and then a link to Bank of England full list!
I mentioned this forum and the two suggestions in it and they said probably best to go with leave it blank!
Just wondered if anyone else has had more success?
Thanks
Phil.
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June 3, 2025 at 6:20 pm #20206
Hi
2 additional codes relating to property as per Barclays Bank 02.06.25
• BLDM (building maintenance) – related to a payment for building maintenance
• RENT (rent) – paying rent.Thanks
Jo
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