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Standing Order From LloydsTSB to HSBC

loveandlight
loveandlight Posts: 1,200 Forumite
Part of the Furniture 500 Posts Combo Breaker
in Budgeting & bank accounts
Anyone know how long it takes for a standing order payment to reach HSBC from Lloyds? The amount concerned is £150.00.

Comments

  • MoneySaverLog
    MoneySaverLog Posts: 3,232 Forumite
    Faster Payment and it will be instant
  • loveandlight
    loveandlight Posts: 1,200 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Thanks. I wasn't sure. I spoke to LloydsTSB today and they told me it would take three days as it would be treated as a BACS payment.
  • cookie_cutter
    cookie_cutter Posts: 1 Newbie
    The current LTSB outbound FP limit is £25,000. To see if the beneficiary account accepts Faster Payments enter the beneficiary sort code into the UK Payments Administration sort code checker (Google 'Sort Code Checker', sorry not allowed to post link) - if it does accept FPs then the payment should go faster (not 100% guaranteed though).
  • 10_66
    10_66 Posts: 3,524 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    cookie_cutter wrote: »
    ...To see if the beneficiary account accepts Faster Payments enter the beneficiary sort code into the UK Payments Administration sort code checker (Google 'Sort Code Checker', sorry not allowed to post link) - if it does accept FPs then the payment should go faster (not 100% guaranteed though).

    HERE'S the link for the sort code checker.
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