Kaupthing Edge CHAPS Transfer

Ivinda

goodethernet wrote: »

I just spoke to my personal banking guy ay Nat West and he told me:

For BACS payments: If something has been set up to credit people's account tomorrow, then the receiving bank should be able to see that payment on the way.

For CHAPS payments: They have zero visibility or advance warning of those, they simply just arrive.

Don't know for certain if this is the case for all banks or even if it's correct but I thought I'd pass it on. He seemed pretty sure of his facts.

I made a CHAPS payment, so if ING stick with that it could arrive anytime between now and tomorrow night.

I just had a conversation with Nat West and was told the same thing.

goodethernet

Ivinda wrote: »

I just had a conversation with Nat West and was told the same thing.

Two separate conversations? With a bank? Told the same thing?

That's got to be a first for this thread!!

savit4l8er

goodethernet wrote: »

I just spoke to my personal banking guy ay Nat West and he told me:

For BACS payments: If something has been set up to credit people's account tomorrow, then the receiving bank should be able to see that payment on the way.

For CHAPS payments: They have zero visibility or advance warning of those, they simply just arrive.

Don't know for certain if this is the case for all banks or even if it's correct but I thought I'd pass it on. He seemed pretty sure of his facts.

I made a CHAPS payment, so if ING stick with that it could arrive anytime between now and tomorrow night.

BACS will show, CHAPS will not because it is done the same day. If you sent money today by CHAPS, in theory it will hit the receiving account today, you would not see it on pending transactions yesterday if you get my drift.

goodethernet

Yep, I get it. Thanks

ChloeRadshaw

goodethernet wrote: »

Yep, I get it. Thanks

Are peoples fixed term bonds broken yet?

Mine is not and I asked for this to be done ten days ago - Thats why I am doubtful we will get our money back

jemimapd_2

Northernstar 5 said:
this thread has been a lifeline to me. If it closes down I'll be really stuck. Can somebody open up a replacement please?

I totally agree, and for Martin to shut it down before Friday night would be an absolute travesty.

savit4l8er

ChloeRadshaw wrote: »

Are peoples fixed term bonds broken yet?

Mine is not and I asked for this to be done ten days ago - Thats why I am doubtful we will get our money back

I know two people who asked for this also (8 days ago), still showing in the bonds when checked this morning.

ChloeRadshaw

savit4l8er wrote: »

I know two people who asked for this also (8 days ago), still showing in the bonds when checked this morning.

Are these going to be the manual payments that will take 'slightly longer'? :mad:

Ivinda

ChloeRadshaw wrote: »

Are these going to be the manual payments that will take 'slightly longer'? :mad:

CHAPS, bonds, double payments... Who knows? Not me! :eek:

savit4l8er

ChloeRadshaw wrote: »

Are these going to be the manual payments that will take 'slightly longer'? :mad:

Apparently, they close the bond and put the funds in your savings account with them. You then transfer the money out as usual----Oh Dear.



Edit..

Someone has just rung them about the bond and CSA said they are working a Q. So could be anytime, then getting the money transferred, that is again an unknown issue. BACS, CHAPS, about about Pony Express.