Faster Payments on a Sunday?

NASA_2

Does anyone know if Faster Payments can be received by a bank on a Sunday?

I transferred money from a Halifax Account to a to an Alliance and Leicester account but it isnt showing as being received.

masonic

Yes they can. It can take up to 2 hours to reflect in your available balance at A&L. It won't be shown in your balance until Monday/Tuesday

sparkey1

Faster payments works 24/7 however there are variances between banks. HSBC to RBS works ok, but Alliance and Leicester to HSBC doesn't. Down to different banks implementing faster payments in different ways.

masonic

sparkey1 wrote: »

Faster payments works 24/7 however there are variances between banks. HSBC to RBS works ok, but Alliance and Leicester to HSBC doesn't. Down to different banks implementing faster payments in different ways.

A&L's (and I also presume HSBC's) receiving service is fine. It's the sending service that's currently limited.

naijapower

Yes, it works on a sunday. it should show after 2 hours in most cases

NASA_2

Thanks for the replies. It too a little bit longer than 2 hours but it has shown in the A&L account ok. Just get a bit worried when its quite a bit of money.

Extant

The official standard is "up to four hours" to credit the receiving account, but this is really only to allow for exceptionally heavy load on the system. APACS do not reference this on their website, and First Direct is actually the only bank that does. Most users should expect a near instantaneous transfer.

jambosans

BarclaysManager wrote: »

The official standard is "up to four hours" to credit the receiving account, but this is really only to allow for exceptionally heavy load on the system. APACS do not reference this on their website, and First Direct is actually the only bank that does. Most users should expect a near instantaneous transfer.

Agree completely, I have never waited longer than a few page refreshes on my online banking for Faster Payment to show. Bank of Scotland via Online to Lloyds TSB goes through instantly, same as Lloyds TSB via PhoneBank to Bank of Scotland.

nzseries1

ESA wrote: »

Thanks for the replies. It too a little bit longer than 2 hours but it has shown in the A&L account ok. Just get a bit worried when its quite a bit of money.

A while back when I sent money to my A&L account using faster payments, I noticed that I couldn't just refresh the page to make the money appear - I was refreshing and refreshing and nothing changed.

But as soon as I logged out of internet banking and back in again, lo and behold, there the payment was.

It's possible the payment was immediate, but because of A&L's not so superior online banking, it just wasn't showing.