Faster Payments to same bank (halifax)

bobblebob

Just transfered a friend of mine some money over. We're both with Halifax, but does this class as a FP? I ask because normally when i transfer money using FP, i get a FP loading screen for a few seconds before it says its successful. With Halifax to Halifax transfers it doesnt appear, just says successful straight away

Mikeyorks

It goes as an internal transfer. Shows as TFR on your online?

Would be FPO ........ for a faster payment.

YorkshireBoy

Transfers to/from other Halifax accounts, whether in your name or not, and to/from LTSB accounts are tagged TFR on your statement.

Normal FPs, ie to/from 'outside' organisations, are tagged either FPI or FPO.

To answer your question, the payment will go "straight away". However, I'm not sure whether TFRs count towards your daily FPO limit (of £25K...maybe more now?), or whether they're in addition to it?

bobblebob

Thanks. Yea it appears as TFR and my next question was going to be if they count towards your limit

coolesticeking

* Your daily account limit includes:
Bill payments
Payments to individuals
New standing orders
The value of any increase in a standing order.

Milarky

bobblebob wrote: »

Thanks. Yea it appears as TFR and my next question was going to be if they count towards your limit

I believe I have already checked this by attempting to go over 25K and the answer was that it didn't ('TFR' does not seem to be included)