Buckinghamshire BS launch 6.25% regular saver

gt94sss2

As so few banks currently send standing orders by the new faster payments service - does it make sense to anyone else to set up 11 individual payments (on the 1st of each month) in advance via internet banking so they go by FPS rather than using standing orders (which will take 3 days or so/payment)?

Regards
Sunil

agsnu

gt94sss2 wrote: »

As so few banks currently send standing orders by the new faster payments service - does it make sense to anyone else to set up 11 individual payments (on the 1st of each month) in advance via internet banking so they go by FPS rather than using standing orders (which will take 3 days or so/payment)?

The number of banks supporting reliable outbound faster payments but not standing orders is somewhat small (just HSBC?). At worst you'd be out a quid or so.

gt94sss2

agsnu wrote: »

The number of banks supporting reliable outbound faster payments but not standing orders is somewhat small (just HSBC?.

I don't think even HSBC do FPS tanding orders yet - think it may just be RBS/Natwest..

Regards
Sunil

Milarky

I use Halifax for outbound standing order payments where the amount is £501-£1000 and Lloyds where the amount is less than £500 - and for both the payments seem to arrive the day they leave.

agsnu

gt94sss2 wrote: »

I don't think even HSBC do FPS tanding orders yet - think it may just be RBS/Natwest..

That was my point - AFAIK HSBC is the only bank which reliably makes outgoing Faster Payments but still does SO via BACS.

Biggles

Milarky wrote: »

I use Halifax for outbound standing order payments where the amount is £501-£1000 and Lloyds where the amount is less than £500 - and for both the payments seem to arrive the day they leave.

I confirm that my sub-£500 SOs from LTSB to other banks do arrive same day.

Milarky

Just to confirm that it was possible to open both issues via separate applications by being quick enough

(Anyone else snuck in?)

Gambit

Milarky wrote: »

Just to confirm that it was possible to open both issues via separate applications by being quick enough

(Anyone else snuck in?)

Good job! :money:

Unfortunately I missed Issue 1 but just got a letter yesterday letting me know that I managed to catch Issue 2 before it went so still pretty happy Strange thing is that they havent cashed the cheque yet though!

Ruy

Milarky wrote: »

Just to confirm that it was possible to open both issues via separate applications by being quick enough

(Anyone else snuck in?)

Me too.

2nd application on form headed ... issue 2, so will argue that it qualifies as only 1 account ( i.e issue ) per customer, if it comes to the crunch.

Essex123

Milarky wrote: »

Just to confirm that it was possible to open both issues via separate applications by being quick enough

(Anyone else snuck in?)

Yeap - same deal here...!