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Advice please about bank transfer
adams121
Posts: 2 Newbie
Hi,
On Friday i made a bank transfer of £1600 from my santander account,to a RBS account using faster payments.This is the first time ive made a payment to this person. The money has left my bank but still not been received by the recipient (on monday night). When will the money reach them?
thanks in advance for any advice
On Friday i made a bank transfer of £1600 from my santander account,to a RBS account using faster payments.This is the first time ive made a payment to this person. The money has left my bank but still not been received by the recipient (on monday night). When will the money reach them?
thanks in advance for any advice
0
Comments
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If it is a new Payee and a large sum it can sometimes automatically be flagged by fraud/ transfer as bacs which takes up to 3 working days. If I understand it correctly.0
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ok, thanks. On my internet banking it says the payment was made using 'faster payments', hopefully it will reach them tonight/tomorrow.0
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The money has left my bank but still not been received by the recipient (on monday night). When will the money reach them?
thanks in advance for any advice
There's no such thing as BACS between personal accounts any more - ever since 1st Jan.
If it's gone by FP then they have until the end of the next business day to get it there - and Santander seem to take that where new payees are involved. As the day after Friday is a Monday - as far as Banks are concerned ..... then give it until close tomorrow (Tue)If you want to test the depth of the water .........don't use both feet !0
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