We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

LTSB -> Natwest online payments immediately showing up?

firsttimestudent
firsttimestudent Posts: 401 Forumite
in Budgeting & bank accounts
Hi,

I setup a transfer from my LTSB account to my Natwest account yesterday, to leave my account today. Expecting it to clear 3 days, I was surprised when I saw that in my Natwest current account, the money has shown up.

This wasn't expected because I know that LTSB always performs online transfers using BACS, and not FP.

I wonder can I go on and use the money in the Natwest right away, or is it prudent to wait for a few days, lest it be 'suddenly' reversed from my account?

Thanks.

Comments

  • agsnu
    agsnu Posts: 1,457 Forumite
    It won't be reversed. I've seen this happen - Lloyds payment to Natwest received by FP on the day following initiation (the timestamp indicates it was made shortly after midnight).
  • simax
    simax Posts: 1,977 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I have a standing order from LTSB to ex-wife's NatWorst account.

    Money left overnight on the day, and was ready within 2 hours at the other end.

    Online instant payments are the same too. :T :beer:
    I spent 25 years in the mobile industry, from 1994 to 2019. Worked for indies as well as the big networks, in their stores also in contact centres. I also hold a degree in telecoms engineering so I like to think I know what I’m talking about 😂
  • premierfella
    premierfella Posts: 900 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    The limit for Faster Payments in the situation the OP describes is, I believe, GBP500 at the moment (last tested a couple of weeks ago). Anything over that goes by BACS.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture