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BACS Transfer to account has not cleared

Debt_Robot
Debt_Robot Posts: 344 Forumite
in Budgeting & bank accounts
I am quite worried. I posted before about my First Reserve account not clearing a BACS transfer but I am hoping for more replies please but I am now on the 6th day of no clearning and at my wits end.

I was expecting a BACS payment into my First Reserve account and I was told it left the person's account on last Tuesday.

I have not received it yet. I am really worried because it definitely has left the person's account yet it has not cleared.

Why is this happening? I thought BACS cleared in three working days.

By my estimations, it is like this:

Last Tues
" Wed
" Thurs
" Friday
This Mond
" Tues
" Wed

It has been between 6-7 working days.

Does anyone know why? I have tried to contact Natwest but they are busy...worried!
Credit Card paid back in Full (June 2011): :j £500 in the clear -

Part of the £11,000 in 2011 challenge: £3,284 done so far.
«13

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    The person could have sent it to the wrong account.
  • EarthBoy
    EarthBoy Posts: 3,254 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Are you sure the person paying you told you the truth?

    Maybe this is the 21st century equivalent of that old excuse: "the cheque's in the post"..........
  • Debt_Robot
    Debt_Robot Posts: 344 Forumite
    @Lokolo, that is what I thought but it did go through from their end, and the bank account details are correct. Trying to get through to Natwest.
    Credit Card paid back in Full (June 2011): :j £500 in the clear -

    Part of the £11,000 in 2011 challenge: £3,284 done so far.
  • Freddie_Snowbits
    Freddie_Snowbits Posts: 4,328 Forumite
    This is an inter bank transfer and can take 5 working days. If it is not there on Thursday, contact your bank.

    Tues Left originator bank allleged
    Weds
    Thurs
    Fri
    Mon
    Tues

    Weds (Should be in close of play today)
  • Debt_Robot
    Debt_Robot Posts: 344 Forumite
    EarthBoy wrote: »
    Are you sure the person paying you told you the truth?

    Maybe this is the 21st century equivalent of that old excuse: "the cheque's in the post"..........

    That is what I thought too initially but they promise that it was sent.

    My first feeling was because I asked for it to be paid into a First Reserve account, I heard they don't allow your wages to be paid in there (this is not my employer) so perhaps Natwest is blocking it?

    Guess I just have to call them asap. Really sick of Natwest.
    Credit Card paid back in Full (June 2011): :j £500 in the clear -

    Part of the £11,000 in 2011 challenge: £3,284 done so far.
  • Debt_Robot
    Debt_Robot Posts: 344 Forumite
    Freddie_Snowbits wrote: »
    This is an inter bank transfer and can take 5 working days. If it is not there on Thursday, contact your bank.

    Tues Left originator bank allleged
    Weds
    Thurs
    Fri
    Mon
    Tues

    Weds (Should be in close of play today)

    Thank you for working that out. Argh, I hate this stuff. I will give an update as and when.

    Sorry for double repeating but was just looking for reassurance.
    Credit Card paid back in Full (June 2011): :j £500 in the clear -

    Part of the £11,000 in 2011 challenge: £3,284 done so far.
  • jen245
    jen245 Posts: 1,606 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    I have a Natwest First Reserve account, and have made BACS transfers into it from different accounts on many occasions, and it has always been there within the 3-5 working days.
    Debt free and staying that way! :beer:
  • Olipro
    Olipro Posts: 717 Forumite
    Freddie_Snowbits wrote: »
    This is an inter bank transfer and can take 5 working days. If it is not there on Thursday, contact your bank.

    Tues Left originator bank allleged
    Weds
    Thurs
    Fri
    Mon
    Tues

    Weds (Should be in close of play today)

    NatWest process BACS payments between 2:00-2:30 AM, if it's not in the account on the day, it's not going to be.
  • Debt_Robot
    Debt_Robot Posts: 344 Forumite
    jen245 wrote: »
    I have a Natwest First Reserve account, and have made BACS transfers into it from different accounts on many occasions, and it has always been there within the 3-5 working days.

    Thank you for letting me know about this. :)
    Credit Card paid back in Full (June 2011): :j £500 in the clear -

    Part of the £11,000 in 2011 challenge: £3,284 done so far.
  • Debt_Robot
    Debt_Robot Posts: 344 Forumite
    Olipro wrote: »
    NatWest process BACS payments between 2:00-2:30 AM, if it's not in the account on the day, it's not going to be.

    Okay cheers for the info
    Credit Card paid back in Full (June 2011): :j £500 in the clear -

    Part of the £11,000 in 2011 challenge: £3,284 done so far.
This discussion has been closed.
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