Lloyds TSB faster payments -internet banking

D1zzy

Last time I tried phone banking - noone could tell me how much you could send FP -Not much was the best I could get - so given up with them. Tomorrow is fine - just its a lame dog system. I now want to send £600 to someone - so thinks split it into 2 £500 and £100 and with a bit of luck they'll go FP. (albeit tomorrow)Oops silly me again - can't put 2 payments in for the same recipient.

See what I mean - a nearly but not quite system!

Dagobert

Phone banking told me yesterday that the max. FP they can do is £10K! I was also told that this would leave the account immediately.
Their system tells them whether a payment will go via BACS or FP. SO, yo have the opportunity not to go ahead.

Their system does not always recognize an FP-capable destination as such. I have tried half a dozen different personal accounts (HSBC, Barclays, Tesco, A&L, RBS) and their system said on each occasion No FP possible.

D1zzy

See - a nearly but not quite system. You can now send 10K ...........to nowhere.
Still if they are quoting you a figure - I guess thats an improvement.

D1zzy

D1zzy wrote: »

Just set up a payment for £500 - its scheduled for tomorrow. Silly me for thinking that a FP would go same day.

Well - it went ...................................BACS

Don't we have a LLoyds bank manager on here who can give us the definitive rules!

Dagobert

D1zzy wrote: »

Well - it went ...................................BACS

Where did you send it to?

D1zzy

Oh sorry meant to put that in -HSBC

mrmajika

D1zzy wrote: »

Don't we have a LLoyds bank manager on heere who can give us the definitive rules!

Believe me when I say, as an ex LTSB employee, they are even more in the dark than Joe Public!

Dagobert

D1zzy wrote: »

Oh sorry meant to put that in -HSBC

If it had been A&L the transaction would not have been visible until the following day. But HSBC show new FPs in realtime.

So, it really has not gone via FP. That means that you can't assume the threshold to be £500 everytime for everyone. (My £500 went via FP.)

D1zzy

Shows on my statement as BP.
So what've you got that I've not?

Maybe I'm being penalised for over consumption of vantage accounts

Any way I've set up £100 to HSBC for tomorrow (having split my original £600 payment into 2 chunks to give it a fighting chance of going FP)- I'll report back

Dagobert

D1zzy wrote: »

Shows on my statement as BP. So what've you got that I've not?

I made 15 payments to different FP-capable personal accounts with various banks (HSBC included). All of them went via FP on the following day. One of them was for £500. All are marked as BP, same as BACS payments.

The upshot of this is: the system is unpredictable. You just cannot guess what it has been programmed to do.