Halifax faster payments - nearly there?

aliasojo

I had to send £1600 by 16 lots of £100. Only way it would work. Absolutely ridiculous imo, other banks (notably the RBS) manage to have a reliable service up and running. It's about time the Halifax sorted this out but I suspect it's not in their best interests to do so, cynic that I am.

King_Of_Fools

Up till I moved onto the new-"Lloyds" internet banking I could very reliably transfer £2500 in a single FP transaction whenever I wanted to.

Since moving onto the "Lloyds" internet banking I have had nothing but problems and have not managed to transfer more than £1000 in a single FP transaction and there have been many occasions when I have not been able to make any FPs.

It seems to me that it all started to go wrong when they migrated to the old-fashioned Lloyds system - we even have to fill in paying in slips in branch now, that is like going back to the 20th Century!

jennifernil

I have found it has been totally unreliable ever since they started FPs.

Venusflytrap

Hubby and I always pay our rent by standing order which arrives to our landlady's bank acct same day.

We recently switched current accts from HSBC to Halifax and set up a new SO payment, only to find that it took 3 working days to be credited to my landlady's account. Thankfully in the last 4 years we've never been late paying so she wasn't livid!

However, is it standard for SOs to take 3 working days with Halifax? Does it not support FPs?

jackieblack

You have to (try to) do a FP manually on the day you want it done. You can't (to my knowledge) set up a FP to go on a future date.

jennifernil

My SOs to Lloyds from Halifax go by FP

Milarky

Venusflytrap wrote: »

Hubby and I always pay our rent by standing order which arrives to our landlady's bank acct same day.

We recently switched current accts from HSBC to Halifax and set up a new SO payment, only to find that it took 3 working days to be credited to my landlady's account. Thankfully in the last 4 years we've never been late paying so she wasn't livid!

However, is it standard for SOs to take 3 working days with Halifax? Does it not support FPs?

It depends on [STRIKE]two[/STRIKE] three things I can think of; i) whether the sort code can receive faster payments of not (I assume it can as you have already made payments to it previously albeit from another bank) and ii) if that day all the payments handled by standing order were affected similarly [for instance, on Friday 1st, Lloyds standing orders were up the duff and those with normally go as faster payments were sent by BACS] oh.. and iii) whether the amount being sent was under the Halifax SO limit?

Milarky

jackieblack wrote: »

You have to (try to) do a FP manually on the day you want it done. You can't (to my knowledge) set up a FP to go on a future date.

Are you basing that on the 'three working days' message? - because I think they use faster payments for deferred transactions too.

opinions4u

Milarky wrote: »

Are you basing that on the 'three working days' message? - because I think they use faster payments for deferred transactions too.

They do. This includes both savings accounts and current accounts.

Anything set up with a future date will join the standing order payment run and go via Faster Payments.

Venusflytrap

Milarky wrote: »

It depends on [STRIKE]two[/STRIKE] three things I can think of; i) whether the sort code can receive faster payments of not (I assume it can as you have already made payments to it previously albeit from another bank)

The sort code def. receives FPs as this was the case before we switched from HSBC to Halifax.

and ii) if that day all the payments handled by standing order were affected similarly [for instance, on Friday 1st, Lloyds standing orders were up the duff and those with normally go as faster payments were sent by BACS] oh..

The SO was due to go out on 1st April and it did, but didn't reflect in the landlady's acct till 4th April. Does this mean that, provided there isn't another tech. glitch, the next payment of 1st May will arrive same day? Otherwise we will have to set the SO around the 28th of each month to allow enough time (at least 3 working days).

and iii) whether the amount being sent was under the Halifax SO limit?

Don't know what the max amt is, we only sent just over £1000.00.

With HSBC we never had a problem the last 4 years with SOs arriving same day, but with Halifax it seems we're going to have to watch the account like hawks. Def. not one of the reasons we switched!