Faster Payments System FPS - Current state of play

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  • DesG
    DesG Posts: 1,288 Forumite
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    I think Smile are part of the co-op, so I assume the same £85 limit as mentioned in the first post applies.

    Cheers, Des.
  • hansi
    hansi Posts: 3,001 Forumite
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    Ta muchly!
  • freezspirit
    freezspirit Posts: 994 Forumite
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    I've been doing test fast payments over the week to see whaich was best way to transfer money to and from new halifax account.

    online £200 from Nationwide to Halifax - 4 working days (I didn't know that I should of done it in batches of £10)

    online £50 from Lloyds to Halifax - next working day

    online £150 from Halifax to Barclays - says 2 hours done within 5 minutes.

    in branch £350 Barclays to Halifax - was told it would be within 3 working days as it was after lunch (done within 15mins - well the time it took me to get home and check online)

    online £400 Halifax to Llyods - transfer was done today within 30mins but Lloyds online statement shows mondays date.

    So my best option at the moment for instant access to money is Barclays to Halifax and Halifax to Barclays. Reading other threads on this matter others it looks like the best 3 are Halifax, Barclays and HSBC.
  • hansi
    hansi Posts: 3,001 Forumite
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    HSBC to Smile = Instant transfer:j
  • spindo
    spindo Posts: 70 Forumite
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    freezspirit wrote: »
    Reading other threads on this matter others it looks like the best 3 are Halifax, Barclays and HSBC.

    ..and RBS/NatWest - so the 'best 4'. :)
  • flyingscotno1
    flyingscotno1 Posts: 1,679 Forumite
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    spindo wrote: »
    ..and RBS/NatWest - so the 'best 4'. :)

    Yep, transfers between my RBS & Bank of Scotland accounts never take more than the time it takes for me to log off- load other bank website and log on. It is really superb! Transfers to Yorkshire and Skipton Building Societies also only take till the next morning. Some other banks and Credit cards like Citi take 3 days!
  • stclair
    stclair Posts: 6,844 Forumite
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    Some banks are still on a go slow

    http://news.bbc.co.uk/1/hi/programmes/moneybox/8074379.stm
    Im an ex employee RBS Group
    However Any Opinion Given On MSE Is Strictly My Own
  • rb10
    rb10 Posts: 6,334 Forumite
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    stclair wrote: »
    Some banks are still on a go slow

    http://news.bbc.co.uk/1/hi/programmes/moneybox/8074379.stm

    Don't know if you noticed, but that story is nearly two months old.
  • stclair
    stclair Posts: 6,844 Forumite
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    edited 18 July 2009 at 7:28PM
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    rb10 wrote: »
    Don't know if you noticed, but that story is nearly two months old.

    Yes I can read its still the same current state at the moment

    Just over 6 weeks later and still no progress

    http://news.bbc.co.uk/1/hi/programmes/moneybox/8072563.stm
    Im an ex employee RBS Group
    However Any Opinion Given On MSE Is Strictly My Own
  • Ricardoro
    Ricardoro Posts: 90 Forumite
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    Just done £1000 payment which amazingly went instantly and arrived instantly.

    Progress at last!!
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