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BACS Delay
Keith601
Posts: 32 Forumite
Hi There
Can anyone please explain, "Why Banks Take Five working Days to move money or Pay a Credit card Bill" when the method of payment is electronic. I have heard the excuse that permissions have to be granted, but sureley because the method is electronic all permissions are already in place.
Or is this just another way for banks to make money?
Bewildered Keith
Can anyone please explain, "Why Banks Take Five working Days to move money or Pay a Credit card Bill" when the method of payment is electronic. I have heard the excuse that permissions have to be granted, but sureley because the method is electronic all permissions are already in place.
Or is this just another way for banks to make money?
Bewildered Keith
0
Comments
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If you could get millions of pounds for five days interest free - every day - what do you think ?0
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The money is in a non interest bearing suspense account, so they don't "make money" out of it.0
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