Santander transfer date tomorrow's date

Madscientist · 1 September 2017 at 10:32PM

Hello
I have just transfered some money from my savings account into my santander account but date shows on my account 2nd September. How is that possible? It was 10pm when I transfered the money, today 1st of September. I will be charged overdraft fee if transfer shows tomorrow's date. My bosses made a mistake today and paid me less than what I usually get and account was overdrawn as a result

I tried to call but their office is closed apparently even though their website says open until 11pm for online account enquires.

molerat · 1 September 2017 at 11:01PM

You moved the money after close of business today which is why it shows as tomorrow. The cut off time is, according to their T&Cs, "no earlier than 4pm" so to be sure of not incurring charges should have been transferred before then. Luckily for you Saturday is treated as a business day otherwise the date would have been Monday 4th.

Madscientist · 1 September 2017 at 11:06PM

Thank you for your reply molerat. I shall check my account before 4pm from now then.

YorkshireBoy · 1 September 2017 at 11:14PM

I believe Santander's cut-off for online payments is around 20:15.

Madscientist · 2 September 2017 at 9:56AM

Ha ha after that I have noticed I went over with my other account too when I transferred money from my saving account into joint account and from there to my own account. The date I transferred money from savings was today date but transfer from joint account into my account was yesterday date while I did it all online in matter of couple of minutes. So have been charged 2 times for over drawing

eskbanker · 2 September 2017 at 11:27AM

Madscientist wrote: »

My bosses made a mistake today and paid me less than what I usually get and account was overdrawn as a result

If you've incurred overdraft charges directly as a result of a mistake by your employer, then most reputable companies would reimburse consequential costs caused by their error, are you going to claim for this?

ceredigion · 2 September 2017 at 11:40AM

YorkshireBoy wrote: »

I believe Santander's cut-off for online payments is around 20:15.

And 1pm on a Saturday

Madscientist · 2 September 2017 at 1:37PM

I work for NHS eskbanker and already emailed them yesterday for missing part of my salary but still not received a reply or my money yet. I shall call them on Monday.

Madscientist · 2 September 2017 at 1:42PM

My joint account with Nat west shows for both transactions as yesterday's date now. Santander still same dates. How strange!

ceredigion · 2 September 2017 at 3:38PM

Madscientist wrote: »

My joint account with Nat west shows for both transactions as yesterday's date now. Santander still same dates. How strange!

It`s not strange at all. Different banks have different cut off times. With regard to an online credit , the balance will increase instantly but as you have discovered , anything into santander after 8.15pm ish is credited with the following date. I.e , they have closed business for thursday and started fridays business. Anything after 1pm on a saturday counts as monday . LLoyds is midnight. Barclays is about 7.30pm , Nat west , i dont know, i dont deal with them. Once you have worked it all out , you can work it to your advantage

Madscientist · 6 September 2017 at 10:21AM

Well no overdraft fee charge from Nat west as they edited all transactions after couple of days and credited my account before debited it. Santander stayed the same and charging me overdraft fee. I have been with santander for 20 years and that's why I kept it. Nat west since married. I shall say goodbye to santander!!

Santander transfer date tomorrow's date

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