Cash Transfer - Please Help

Seadogs_2010

Hi All
I just have a quick question regarding transferring money.

My dad is a Lloyds Tsb customer and would like to transfer ten thousand pounds into my mums co-operative bank account.
He is going into branch Friday to do this.
He would like to know is the money available straight away if the transaction is done in branch? He doesnt do Internet banking either.

Many thanks for any help

HeadAboveWater

I assume that, similar to if he was just lifting the cash for himself, he would need to ring ahead to ensure the cash was available in the branch.

Seadogs_2010

Thank you for the reply.
He just wants to transfer it straight from his account into my mums account. So he doesn't want to take any money out over the counter. He would like to know if he transfers the money from his account into hers, is the transaction instant?

pqrdef

I'd be surprised if they do real-time transactions at the counter. When you do it online, you have to sit and wait while a timer thingy ticks round, and then you get a message which often says they aren't sure if it worked or not. Then you have to check back later to try to figure out what's happened. Not really suitable for a counter service.

If they do it overnight, it's reliable, because then it's the night shift's job to keep trying till it works.

Overnight could mean Friday to Monday.

Rafter

If the transfer is between two 'payment accounts' (ie current accounts) and is done during normal branch hours then the money should be there withing 2 hours. Otherwise it has to be there by the end of the following working day - ie monday night.

R.

Seadogs_2010

He has an appointment with the branch manager to sort it out. Dont know if this makes a difference. Sorry I should have stated he had an appointment

madgagoo

Afaik lloyds don't offer in branch faster payments, so the only way of it getting there on the same day is to send a CHAPs payment. This will cost £25 - £30.

jonesMUFCforever

madgagoo wrote: »

Afaik lloyds don't offer in branch faster payments, so the only way of it getting there on the same day is to send a CHAPs payment. This will cost £25 - £30.

This is correct.

opinions4u

Do it via online banking. Free. Usually instant.

Gromitt

But he doesn't have online banking, so needs to visit the branch, or setup telephone banking.

Macca83_2

If the Lloyds online banking setup is anything like the bos setup, then internet banking can be applied for and access given within a matter of minutes.