Standing order failed to go out

bebewoo

I'm amazed that nobody has said anything about the ridiculously high agent's fees.
If the OPs estate agents weren't such a bunch of fee grabbing sharks this thread would not exist.
Did the OP really sign a contract saying he would pay £30 per day for each day he was late with rent? That's wicked.

jonesMUFCforever

Buzby wrote: »

Ah - you believe the hype? The 'method' it uses is immaterial. It all depends on the bank itself. CoOp (for example) takes 48hrs, Santander say 24hrs - your belief that it takes no time at all is not backed up as it is the Instruction that causes the difficulty - the fact is goes through FP is also nonsensical without the caveat that both payee and originator must be using banks that have signed up to FP.

Which then begs the question, why bother with a SO if you have access to FP? Or go the whole hog and they the payee control the amounts and dates with a DD. There's enough folk out there who cannot manage their finances responsibly use this as their last refuge.

That said, having no money in the account will usually prevent any DD or SO happening - which was the case here.

I was correcting the inaccurate information that you had to cancel/amend a standing order well in advance of the due date.
I stand by that.
By now if you had a standing order to an account that was not FP compatible your bank would have contacted you to ask you to pay by a different method.
I agree that not having sufficient available funds was the reason it was not paid in this instance.

agrinnall

Buzby wrote: »

the fact is goes through FP is also nonsensical without the caveat that both payee and originator must be using banks that have signed up to FP.

Please feel free to point out which banks that provide online payment functionality do not use Faster Payments. I think it'll be a very short list so I'll look out my magnifying glass while I wait for your reply.

chambta

Sounds to be like they didn't check when the 1st payment was set up. They have perhaps signed or accepted via Chip and PIN without even reading what was on the screen/paperwork?