How long does an online bank transfer take?
GSDog
Posts: 162 Forumite
I'm wanting to send some money from my Santander bank account to a Lloyds TSB and HSBC account via online bank transfer.
How long should it take to complete?
I know a couple of years ago it was 3 or 4 days, but I seem to remember reading a year or two ago that the process was going to be speeded up.
How long should it take to complete?
I know a couple of years ago it was 3 or 4 days, but I seem to remember reading a year or two ago that the process was going to be speeded up.
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I'm wanting to send some money from my Santander bank account to a Lloyds TSB and HSBC account via online bank transfer.
How long should it take to complete?
I know a couple of years ago it was 3 or 4 days, but I seem to remember reading a year or two ago that the process was going to be speeded up.0 -
3 working days im under the impression santander do not send faster payments at present.Im an ex employee RBS GroupHowever Any Opinion Given On MSE Is Strictly My Own0
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I'm wanting to send some money from my Santander bank account to a Lloyds TSB and HSBC account via online bank transfer.
How long should it take to complete?
I know a couple of years ago it was 3 or 4 days, but I seem to remember reading a year or two ago that the process was going to be speeded up.
Sadly, as yet Santander don't send payments using Faster Payments at the moment (most other banks do in some form, even A&L which is part of Santander, but even they only allow £250 per transaction), so it'll still take 3 working days.
The other way of course would arrive instantly as HSBC and LTSB do send payments via FP and Santander do accept FP (all parts of Santander accept FP payments, except Cahoot accounts I believe)
Thankcompleted Uni in 2004 without any student debt - woohoo!0 -
Sadly, as yet Santander don't send payments using Faster Payments at the moment (most other banks do in some form, even A&L which is part of Santander, but even they only allow £250 per transaction), so it'll still take 3 working days.
The other way of course would arrive instantly as HSBC and LTSB do send payments via FP and Santander do accept FP (all parts of Santander accept FP payments, except Cahoot accounts I believe)
Thank
Thanks, that's annoying that Santander are not using it.
Do you know where I can find a list of banks who are using Faster Payments?0 -
Do you know where I can find a list of banks who are using Faster Payments?
http://www.ukpayments.org.uk/faster_payments_service/value_limits/0 -
I pay money into my son's bank account with the Natwest. It's there by the next day. I was surprised to begin with because it used to take 4 working days. I used to be an Abbey National customer until the changeover. Also, it used to take a while for payments to show on my statement page, even though the balance would change immediately. Now, when I make payments, they are listed as soon as I go back to view my statement page...just seconds after confirming. I hope this helps.0
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I set up a transfer at 10pm last night (Thursday) from the Halifax to Intelligent Finance. Both are part of the Bank of Scotland Group.
The earliest the Halifax would allow the money to leave my account was Monday then another 3 days to arrive at Intelligent Finance. 40 years ago it took 4 days to put men on the moon yet in 2010 it takes a week to electronically transfer funds between Bank of Scotland Banks0 -
For a list of which banks send or receive faster payments see this thread.0
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when i transfer from hsbc to first direct its instant. probably because they are the same group.0
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