Santander Faster Payments

rb10

motoko wrote: »

The one-off FPs are only possible over the phone not online (unless you have an old A&L account), and yes they are limited to £300.

No - £100 went through for me online by FP last Friday.

motoko

I guess you are luckier than me then, because I sent some small test payments to a few different accounts, and all of them went by BACS. Even when sending a second payment to the same recipient several days later, it still went by BACS.

Toe-Jam

The faster payments never worked for me before, but now my internet banking has been upgraded they work. You just select the account from the quick transfer box on the left. It doesn't work in google chrome though for me, it only works in firefox.

I have a proper santander acc, not a a&l transfer one.

motoko

Ahhhh! That would explain it. Just checked and I don't have a "quick transfer" box on the left, so presumably I am on the old version. Bizarre that on opening a new account, I get given the old version of their online banking rather than the latest one. Roll on the upgrade onto the new version

Toe-Jam

I just noticed that if you use santander faster payments after banking hours, the transfer has the next days date on it, even though it arrives in the destination account within a few minutes.

Same story if you're transferring money into the account, it puts the next days date on the transaction. So for example you can't pay money in quickly if you think your going to go into the red that day as it will put tomorrows date on looking like you didn't do it in time.

It also makes it hard to reconcile transactions when it looks like they arrive before they are leaving. Perhaps Santander have discovered some new kind of faster than light banking technology.

bcfc1710

If i did a £550 standing order would that go FP?

rb10

bcfc1710 wrote: »

If i did a £550 standing order would that go FP?

I reckon it should do.

emeraldbugle

jakesuk wrote: »

It drives me crazy that the faster payment system seems to be so hit and miss ONLY with Santander. Even payments of £300 or lower sometimes go through and sometimes don't. Last week I made a £300 pound payment on Day 1 to Payee A. Went through as a FP. Next day I did same payment to Payee A and it took 3 working days.

I also have the old A&L account, but I find if I wait till after 10am it goes as a FP. What time did you pay Payee A?

I complained as the main problem is you do not know which method will be used until it has gone. Whereas Halifax and Natwest tell you before you submit the payment that it will arrive within 2 hours.

They replied saying that there was a new website coming, this was February.

I'm thinking of leaving a salary crediting in there and using the account for all the direct debits we have, then using another account for the other salary and all the day to day stuff. That way my account gets credited and I qualify for the ISA rate and the mortgage rate we have.

Their FP limit is crap.

rb10

emeraldbugle wrote: »

I complained as the main problem is you do not know which method will be used until it has gone. Whereas Halifax and Natwest tell you before you submit the payment that it will arrive within 2 hours.

They replied saying that there was a new website coming, this was February.

And now that new website is here, and it will tell you whether a payment will go by FP or BACS before you send it, just as they promised.

emeraldbugle wrote: »

Their FP limit is crap.

You can easily get around it, and send payments of up to £5000 by FP, by sending the payment as a Standing Order.

jakesuk

emeraldbugle wrote: »

I also have the old A&L account, but I find if I wait till after 10am it goes as a FP. What time did you pay Payee A?

Now that you mention it I believe the first payment was in the afternoon and the next 2 were early morning.

I'm going to stop using my Santander account for day-to-day. I'm just going to drip feed the required minimum payment in and out each month.