Nationwide-faster payments now from flex A/C 07-44-56 & 07-01-16

Olipro

Nationwide must have realised how daft it was having this £250 payment limit, the single limit is now £1000, the grand total remains at £1000

thefirs

From the NWBS website: http://www.nationwide.co.uk/faster_payments/default.htm

Still not up to the required standard of £10k in or out instantly, but glory be for this minor advance

someone

Woop Woop!

ajharris

sav4it wrote: »

My £5 SO out of 070116 ( to get the £75 incentive) took 3 days to reach destination on 22/3:(

Standing orders still take the standard three working days to reach the the receiving account. I believe that the banks are looking to make them go through on the same day at some point. I doubt Nationwide will be the first ones to implement this. Bunch of clowns.

ajharris

rb10 wrote: »

Yes there is, how about the fact that they pay 0% interest on the account. If you keep your current account in credit, then you'd be mad to have it at 0%.

There is also the fact that they cannot do weekly standing orders. Terrible in branch service.
You cannot view charges on line.

premierfella

ajharris wrote: »

Standing orders still take the standard three working days to reach the the receiving account. I believe that the banks are looking to make them go through on the same day at some point. I doubt Nationwide will be the first ones to implement this. Bunch of clowns.

Surely that advice is dated? Under £1000 the standing order should now go same-day unless the receiving bank does not accept Faster Payments, or have I read the Nationwide Faster Payments information page incorrectly?

ajharris

premierfella wrote: »

Surely that advice is dated? Under £1000 the standing order should now go same-day unless the receiving bank does not accept Faster Payments, or have I read the Nationwide Faster Payments information page incorrectly?

I think that you will find my advice is not dated. In my experience standing orders still take three days, this may have changed recently. My apologies if I have give dated information.

simax

I think SO's still only go through the 07-44-56 sort code - the others take 3 working days.

noh

simax wrote: »

I think SO's still only go through the 07-44-56 sort code - the others take 3 working days.

No if you follow the link http://www.nationwide.co.uk/faster_payments/default.htm
first given above by thefirs you will see that from the 19th April all sort codes are enabled for FP up to £1000 for SO, immmediate payments and future dated payments.

noh

ajharris wrote: »

Standing orders still take the standard three working days to reach the the receiving account. I believe that the banks are looking to make them go through on the same day at some point. I doubt Nationwide will be the first ones to implement this. Bunch of clowns.

Many banks including Nationwide process standing orders via FP.
See the second table on this page:-
http://www.chapsco.co.uk/faster_payments/-/page/762/