Halifax to Halifax Bank Transfer - How long does ...

[Keith]

Hello,

How long does a transfer from the account of one halifax customer to another take to be credited to the other account?

The transfer will be done online. How long does it take to set up the transfer and then to send the money?

Thanks
Keith

[LongTermLurker]

30 seconds to set up and the transfer is immediate - you can almost watch the pound notes moving across

Seriously, you can set up a transfer, click send and then go to your other account and it'll be there.

edit - just seen this is two separate customers - I think it will be the same as above, but not 100% certain

[Keith]

Yeah it's from my sister to me, the setting up is straight forward, but unlike me sending cash to my savings it's an interbank transfer, the next time I can send money outside of Halifax is Tuesday. But I'm hoping that this can be done quicker

[YorkshireBoy]

Why not make a £1 test transfer...then you'll find out.

[Keith]

Its an inbound payment, which I'm expecting to be sent tomorrow, I just wonder when it'll be received (wonder=worried).

[teapot2]

Not sure if this will be the same for your accounts but anytime I've wanted to transfer from our Halifax joint acct to someone else's account with the Halifax its taken up to 24 hours to set up the mechanism but this is for regular payments so not sure re a one off.

Once the payment arrangment is set up it goes through straight away. I'd check it out as previous poster suggests just in case you have to wait for the details to be verified. Try setting up a transfer and see what happens

[Keith]

It seems that the payment arrangement is set up to my nationwide account, I can send it £1 but it will go on Tuesday.

I can instantly transfer to my savings account.

I've read their FAQ with regards to moving money to other banks but nothing mentions to another account holder with Halifax.

Thanks all, I guess I'll just have to wait and see tomorrow

[LilacPixie]

well from BOS to halifax is immediate so I would imagine halifax to halifax is the same.

[YorkshireBoy]

Originally Posted by LilacPixie

well from BOS to halifax is immediate

Even for accounts in different names (which is the OP's situation)?

[Mikeyorks]

It normally takes overnight to have the transfer details enabled. Thereafter any transfer you do is immediate.

Far too often I have to transfer money to the OH's account :rolleyes: (separate portfolio so treated as a separate customer) .... and that's instant. Far too often also have to transfer money to son's account ..... regrettably that's also instant. Unfortunately no one transfers money into my Halifax account ... but that too would be instant if from within Halifax.

[Keith]

Just to bring this to an end, the transfer was set up instantly and the money appeared instantly in my account

[Zeerust]

Not sure if things have changed ... but with Bank of Scotland (BOS)part of the HBOS now Lloyds ... it looks like its takes 3 days to move from one BOS to another BOS... cash is showing as out of my account ... but not yet in the other

Must be in limbo somewhere.

[jennifernil]

I have found transfers between Halifax and BOS accounts in different names to be instantaneous, but to/from Lloyds still takes several days.

[blueberrypie]

Transfers between my Lloyds and Halifax accounts are instant, as long as they're within the Faster Payments limits.

[jambosans]

Originally Posted by Zeerust

Not sure if things have changed ... but with Bank of Scotland (BOS)part of the HBOS now Lloyds ... it looks like its takes 3 days to move from one BOS to another BOS... cash is showing as out of my account ... but not yet in the other

This only tends to happen if you are transferring to/ from a Bank of Scotland business account or what's referred to as a legacy account (an old BoS Account which was not migrated when the merger took place with Halifax).

All Bank of Scotland personal accounts run on the same platform as Halifax, so transfers between 8am and 6pm will either transfer instantly or within two hours. Transfers done out with these hours will either transfer instantly or by 10am the following working day (and Saturday). Transfers that do not go instantly either come from a "special" type of account (e.g. Save4it) or additional checks needed to be done (e.g. large transfer). Transfers between "linked" current/ basic accounts should always go instantly (but there can be exceptions for the aforementioned reasons).