Nationwide -> Natwest (BACS) - in time for Friday?

firsttimestudent

Hi all,

I have a credit coming into Nationwide tomorrow, I want to transfer it to my Natwest current account, and then transfer it to my Cash ISA Plus.

If I make a payment first thing tomorrow (say about 9am) from Nationwide, will it arrive in my Natwest account early morning Friday, in time for it to be transferred over?

Does Nationwide usually process transfers immediately, or do they only process them the next day (which means it will be too late)?

If it doesn't I'll have to go and do the manual withdrawal and credits!

Thanks.

noh

I have a Nationwide Flex Account.
My experience is that a BACS transfer initiated on a Wednesday morning will arrive in the destination account on the Friday.

Nigel

newfoundglory

Yep. AFAIK, and from experience, as long as you send the payment using internet banking before 5pm and select 1st April it will arrive on Friday.

Extant

If you're worried, could you not either take the cash or a counter cheque from Nationwide and deposit it straight to the ISA?

firsttimestudent

BarclaysManager wrote: »

If you're worried, could you not either take the cash or a counter cheque from Nationwide and deposit it straight to the ISA?

Thanks!

It's interesting how the Natwest Branch people are really unsure about the cheque thing - they seem to be of the opinion that paying in a cheque will only count towards 2009/2010's allowance. Hence decided not to risk it.

The cash method - yes I thought about it, but just for safety reasons, prefer not to carry a huge amount of cash around! Also was concerned taking a huge mount of cash may damage my internal score with Nationwide!