Halifax to Halifax Bank Transfer - How long does it take?

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

LilacPixie wrote: »

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