I don't know whether anybody else has experienced this but I transferred one bundle of points from Tesco to BA in small denominations, and another in a large one - £360. The small one was sent after the large one. I received the small one within a day in the BA account but the large one still hasn't shown up several days later. Needing the miles for a redemption, I sent £360 worth of Tesco points in small denominations to BA and held my breath - and they again have posted overnight and arrived at around 11:00 today. I've heard of money laundering checks - but Tesco point's laundering?
Anyone else experience anything similar?
As you know, I had the same problem. I called them up and they said it was for a security check - now on the grounds that Tesco will have to pay BA for those points, it seems legitimate to me that they would want to scrutinise something over a set limit - maybe £100??? If you then spend the points and they pick up some kind of fraud (could always be an inside job) then it would presumably be very difficult to unwind the deal.