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Bank Transfers
Comments
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When I asked Lloyds TSB, they said the cash would be transferred immediately and be there "typically within 2 hours, worst case close of business tomorrow" (ie, 'end of next working day, as it was mid week'). Since Halifax and TSB are now pretty much the same bank, wouldn't it be the same for Halifax?
No. Halifax do not do faster payments in the branch. Only CHAPS, which can reach the other persons account on the same day if done before 2.45pm. Costs £25.''Before you diagnose yourself with depression or low self-esteem, first make sure that you are not, in fact, just surrounded by a$$holes.'' :whistle:0 -
HoneyAndLemon wrote: »No. Halifax do not do faster payments in the branch. Only CHAPS, which can reach the other persons account on the same day if done before 2.45pm. Costs £25.
Aha, so they're not following the Payments Services Directive explained in post #3, therefore they cannot be a bank.
QEDThe questions that get the best answers are the questions that give most detail....0 -
Getting back to the OP's original question, and assuming they bank with all three institutions (HSBC, LTSB and Barclays), then the ideal solution is to use internet or telephone banking to make the transfers rather than going into a branch. That way you won't have to worry about whether the bank operates an over the counter Faster Payments service, and you'll be able to check your accounts to ensure that the money has arrived.0
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Aha, so they're not following the Payments Services Directive explained in post #3, therefore they cannot be a bank.
QED
Uh, no. They offer the service, just not in a branch. There's nothing in the PSD that says all transfers must be free, or that they must be a branch-provided service.
Of all the criticisms you could level against Halifax, that's the weakest. Not least since even though CHAPS costs money, it's PSD compliant.urs sinserly,
~~joosy jeezus~~0 -
To all readers /posters on here - FACT both Halifax and Lloyds tsb do not offer in branch faster payments. You can only do these on the internet or by phonebank.
If you want to a same day inter bank transfer you can do a CHAPS payment at a charge of £30.
With a little forward planning you could it online for free.0 -
Between Halifax and Lloyds it's instant, I don't even believe it's faster payment. It seems to have some "internal process" as the "Sending Faster Payment" screen does not show up on internet banking when doing the transfers between these two banks.0
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I agree but you can't do it IN a branch - otherwise it will be a CHAPS payment.:DMoneySaverLog wrote: »Between Halifax and Lloyds it's instant, I don't even believe it's faster payment. It seems to have some "internal process" as the "Sending Faster Payment" screen does not show up on internet banking when doing the transfers between these two banks.0
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