Alliance & Leicester Faster Payments out

blueberrypie

masonic wrote: »

There doesn't seem to be any limit to the amount that can be sent from an A&L account each day (providing you have enough destination accounts to send £250 payments to). I've regularly shifted daily sums of >£1000 through online banking since March and have made multiple transfers above the FP limit before that.

Interesting. My testing (more recent than March) definitely confirms what I wrote above. I wonder if they're phasing in increased limits. It's a step in the right direction if they are.

masonic

blueberrypie wrote: »

Interesting. My testing (more recent than March) definitely confirms what I wrote above. I wonder if they're phasing in increased limits. It's a step in the right direction if they are.

Your testing would suggest the ability to send more than £250 per day via FP was withdrawn at some point and subsequently reinstated, or that different limits apply to different accounts. Neither of those options are particularly encouraging.

Keith

Anyone know how quick A&L do transfers now? I assumed instant so sent £100 via transfer last night, it's gone from my available balance but not turned up in the other account yet.

fluffig

Keith wrote: »

Anyone know how quick A&L do transfers now? I assumed instant so sent £100 via transfer last night, it's gone from my available balance but not turned up in the other account yet.

I find generally up to £250 is instant. Note the "generally" ... e.g. I sent £5.53 last week to my FD account and it took 3 days before it was there. I sent £249 yesterday to my FD account and it was there when I checked 5 minutes later

Keith

This is odd, the £100 hasn't turned up but the £1 test payment I sent earlier has.

noh

Keith wrote: »

This is odd, the £100 hasn't turned up but the £1 test payment I sent earlier has.

Was the £100 the first payment you sent after setting up the payee?

I have found that the very first payment you make to a new payee always goes via BACS.

Subsequent payments if £250 or less will go by FP.

blueberrypie

Keith wrote: »

This is odd, the £100 hasn't turned up but the £1 test payment I sent earlier has.

Ah, did you send both on the same day?

A&L only lets you send one FP to the same account each day. Any subsequent payments are made by BACS.

(I have not found that first payments to an account always go by BACS, as noh has.)

Keith

No, I cancelled a standing order from my A&L account to my Halifax Account on Wednesday and set up a transfer.

I sent £100 on Wednesday, and that has yet to arrive with Halifax.
I sent £1 on Thursday which arrived straight away.
I've just sent £249 and that has arrived within 30 minutes.

The first payment must go by BACS

blueberrypie

Keith wrote: »

The first payment must go by BACS

As I said above, I don't find that it does. I've set up quite a few new payments on my account in the last few months, and the first payments have always gone by FP, as long as they've been under A&L's £250 limit.

Sometimes you just can't figure out why a payment doesn't go FP *shrug*

LilDevil

I rarely manage to get A&L to do FPs - last Xmas I did one payment of £100 each day for 3 days - the first went through OK and the others took 3 days each.

They don't do FP from one A&L account to another as far as I can tell - always takes 24 hours - if you're lucky enough for them not to balls it up and transfer it 3 days late.