Faster Banking!!..I don't think so !!!

Mikeyorks

YorkshireBoy wrote: »

Malc,

weesax's information was correct.

YorkshireBoy .. agreed. But it does, in the context of an FP thread, give the impression that sums of £15k are transitting the FP system. I was tempted to make similar comment to Malc last night ..... but the effort was too much.;)

At this juncture .... whilst everyone is focusing on 'immediate' payments .... Halifax should also be sending 'bill payments' and SOs via FP.

malc_b

YorkshireBoy wrote: »

Malc,

weesax's information was correct.

£500 for 'SIP' (single immediate payment), ie Faster Payment

£15,000 for 'bill payment', ie BACS transfer

But if you read his post:

weesax wrote: »

SIP is single immediate payment, if you set up a bill mayment mandate, you can send up to £15k max, you can send more by making multiple £15k mandates to the same account

Hence my comment that I was using a set up bill payment mandate. I was thinking that Halifax had a on the fly single payment, one off, option but checking I see that the quick transfer link at the top of the bill payment page just takes you back to the accounts page. weesax comments are obscure when the rest of us are calling faster payment FP, and he calls it SIP, and it the same sentence says bill payment mandate can do £15k but does not make it clear that this is via BACS. This whole thread in on FP not BACS.

YorkshireBoy

malc_b wrote: »

weesax comments are obscure when the rest of us are calling faster payment FP, and he calls it SIP, and it the same sentence says bill payment mandate can do £15k but does not make it clear that this is via BACS. This whole thread in on FP not BACS.

Point taken.

I'm still waiting for an answer from him/her to the question I asked (3 times!)...namely why are they so 'behind'? Are their fraud systems inadequate in comparison to their competitors?

I appreciate it's a leading question (;)), but I thought I'd get some reply. Oh well.