How can 2 transfers within minutes have 2 different date stamps?

Ellierose1

I know if you visit a Santander branch you can complete a free faster payment for up to £100,000. Visit a Lloyds or natwest and limit is £10,000 at natwest and lloyds charge a £30 chaps fee even though the payment is transferred via faster payment anyway. Just old school banks choosing not to participate to the full £100,000 limit like santander.

charlieboycat

Deleted - miss-read earlier post.

charlieboycat

agrinnall wrote: »

While I would have agreed with this had the transactions been done on a working day, they were in fact done on Saturday. I don't bank with Santander so don't know how their FPS works, but the fact that the £1 was dated for that day suggests that even if there is an every day cut off time then the second transaction would have been dated the next day at worst, and as it was dated the day after I think it may well have been held up for manual checking.

Saturday is a working day for Santander, with an 8:15pm cut-off; it then rolls over to Monday. Saturday is also a working day for Nationwide, with (so I've read, no personal experience) an 8:30pm cut-off. If the OP's second transfer was requested before 8:15pm then I agree that it was held over from Saturday for security checks, and then released on Sunday.

In these circumstances OP should have three £2,499 entries on his Santander statement - a debit dated Saturady, a credit (marked "rejection") dated Monday, and a debit (for the actual send) also dated Monday. However, the credit will be effective from Saturday for interest calculation purposes.

innovate

mulronie wrote: »

So... I'm guessing there was a gremlin in either Santander's outbound or Nationwide's inbound FPS engine sometime Friday evening.

Not gremlins. It's the Santander security guys stopping the payment and making some inquiries before they eventually release it. Often happens on 1st payments, and with bigger amounts.

Nine_Lives

charlieboycat wrote: »

In these circumstances OP should have three £2,499 entries on his Santander statement - a debit dated Saturady, a credit (marked "rejection") dated Monday, and a debit (for the actual send) also dated Monday. However, the credit will be effective from Saturday for interest calculation purposes.

Just checked after you said that

Yes. Out on the 9th, rejected dated 11th & then released dated 11th.

And for all this talk of 8:15pm, i did the transfer around 5pm.

It's certainly not the first time i've made a large transfer from my eSaver, but hey-ho, at least it went in the end,.