Faster Payments System FPS - Current state of play

Toe-Jam

Got a reply from the coventry, completely different answer to the last time. Amazing what quoting a bit of EU legislation can do.

Thank you for your message.

We are currently developing our processes to ensure that qualifying payment transactions can be sent and credited by the recipient by the end of the next business day. We intend this facility to be in place to coincide with the 1 January 2012 timescale outlined in Article 69 of the Payment Services Directive.

We have recently launched a frequently asked questions page on our internet which may help you with any future queries. This information can be found on our home page by clicking contact us.

Please contact us on 08457665522. Our advisors are available Monday to Friday 8am-8pm, Saturday 9am-5pm, Sunday 10am-4pm, telephone self-service available 24 hours a day, 365 days a year. Contact your service provider for details of call charges, as costs may vary.

Should you need any further help, please contact us. We aim to answer your enquiry within two working days.

Milarky

Toe-Jam wrote: »

Our advisors are available Monday to Friday 8am-8pm, Saturday 9am-5pm, Sunday 10am-4pm, telephone self-service available 24 hours a day, 365 days a year.

Yes, but their actual payment service will be more like '8 hours a day, 252 days a year....'

poggs

Any idea why I cannot send a faster payment from my lloyds classic vantage current account to my halifax reward account?

It always goes BACS. I phoned lloyds telephone banking and got the incredibly helpful answer of faster payments is only available when its available. Asked the welshman 6 times what he meant and whether there was anyway to get faster payments between my accounts but kept on getting the same silly answer.

any suggestions?

Baldur

Mine have always gone by FP from any of my Vantage accounts to any of my Reward accounts and vice versa - don't know why yours doesn't.

10_66

poggs wrote: »

Any idea why I cannot send a faster payment from my lloyds classic vantage current account to my halifax reward account?

It always goes BACS. I phoned lloyds telephone banking and got the incredibly helpful answer of faster payments is only available when its available. Asked the welshman 6 times what he meant and whether there was anyway to get faster payments between my accounts but kept on getting the same silly answer.

any suggestions?

I made a successful FP from LTSB to Halifax this afternoon. Perhaps just try again later?

poggs

10_66 wrote: »

I made a successful FP from LTSB to Halifax this afternoon. Perhaps just try again later?

Ive had the lloyds account 12 years and the halifax 3 months. Ive sent 7 payments evenly spaced so far and they've always gone bacs.

annoying!

10_66

poggs wrote: »

Ive had the lloyds account 12 years and the halifax 3 months. Ive sent 7 payments evenly spaced so far and they've always gone bacs.

annoying!

Forgive me if this sounds like a stupid question, but when you attempt to send by FP, do you select "send as soon as possible" option, or do you select a date?

poggs

10_66 wrote: »

Forgive me if this sounds like a stupid question, but when you attempt to send by FP, do you select "send as soon as possible" option, or do you select a date?

Always select send as soon as possible. Then the next page tells me a date usually the next day when it will leave my account.

I understand the idea behind faster payments. My tesco credit card goes via faster payments, my nationwide credit card does not.

Just find it wierd that a lloyds to halifax does not go faster payment.

10_66

poggs wrote: »

...Just find it wierd that a lloyds to halifax does not go faster payment.

It does sound strange that they never go by FP. There must be a gremlin somewhere!

poggs

10_66 wrote: »

It does sound strange that they never go by FP. There must be a gremlin somewhere!

Ok turns out I have been given a 'funny' sort code by halifax namely - 11-49-43

Stuck this into the UK payments administrations site and got this

Bank Unknown
Faster Payments cannot be sent to this sort code.
Bacs Credit payments can be sent to this sort code.
Bacs Direct Debits can be set up on this sort code.
CHAPS Payments cannot be sent to this sort code.
Eligible for Cheque & Credit Clearing.