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How long does it take to transfer money from one bank to another bank pls?
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# 1
michellen34
Old 03-03-2010, 3:45 PM
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Default How long does it take to transfer money from one bank to another bank pls?

Hiya,

Just a quick question, how long would it take to transfer money from abbey a lloyds bank account please? would it be instant in showing in my account or could it take a couple of days?Thank you
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jambosans
Old 03-03-2010, 3:59 PM
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Quote:
Originally Posted by michellen34 View Post
Hiya,

Just a quick question, how long would it take to transfer money from abbey a lloyds bank account please? would it be instant in showing in my account or could it take a couple of days?Thank you
Santander (Abbey) do not currently offer Faster Payments Service (out), so I believe the transfer would go via BACS, which takes three working days from the date the amount debits your account. In some instances it can be four working days, if the bank holds the payment for a day before sending.

The website states:-
Quote:
Originally Posted by Santander
Please allow four working days for your payment to be received. If we receive your request before 5.30pm on a working day we will normally process your request immediately. If we receive your request after 5.30pm or on a non-working day we will normally make your payment by 9am the following working day. Your payment will appear as 'pending' until it is processed.
Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.

Last edited by jambosans; 03-03-2010 at 4:03 PM.
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# 3
michellen34
Old 03-03-2010, 4:03 PM
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Thank you, I did look on the Santander site but couldn't find it.
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