Are Halifax bacs transfers free

roxy28

I have a bill to pay and it says i can pay by

Archi_Bald

You do this by faster payment, or with your debit card, not BACS. Either are free of charge to use.

roxy28

Archi_Bald wrote: »

You do this by faster payment, or with your debit card, not BACS. Either are free of charge to use.

Ok thanks

Keyboard conked out as i was typing the message.

The bill is for a headstone and they used the words bacs transfer which i was unsure about, i will just use a faster payment then,with my debit card if its just the same thing.

grumbler

Ignore the words that they just failed to change after the FP were introduced. If you know the sort code and the account number just make a bank transfer from your online banking (that used to be BACS and is FP now).
[STRIKE]BACS transfers now are used for big transfers only (above the FP limit) and normally are available in branches and aren't free (and over a phone?).[/STRIKE]

Beware, that unlike for card payments, you have much less protection if you pay by a bank transfer. If things go wrong, Small Claims Court will be the only way to go. Reputable companies normally accept card payments.

To pay by a card (if the company accepts card payments) you have to phone the company.

roxy28

Yes i have the sort and account number so will pay it from my online account.

Thanks again.

Mr_Goodkat

roxy28 wrote: »

Ok thanks

Keyboard conked out as i was typing the message.

The bill is for a headstone and they used the words bacs transfer which i was unsure about, i will just use a faster payment then,with my debit card if its just the same thing.

Faster payments and debit card payments are totally different.


Make sure you understand both and are comfortable with that as the payment method.


Have you received the headstone?


If you are paying for goods received and you are happy with them then would not have a problem with sending a faster payment if it is paying for goods yet received I would be reluctant to send a faster payment preferring the protection provided by debit but especially credit cards

roxy28

Mr_Goodkat wrote: »

Faster payments and debit card payments are totally different.


Make sure you understand both and are comfortable with that as the payment method.


Have you received the headstone?


If you are paying for goods received and you are happy with them then would not have a problem with sending a faster payment if it is paying for goods yet received I would be reluctant to send a faster payment preferring the protection provided by debit but especially credit cards

When i say debit card i mean my current account, which is also my debit card account.
I can make a faster payment from my online account to the said sort and account number.
Yes all work now done and happy to make the payment.

Think i am getting confused with the faster payment and debit card, but current account ie debit card does = faster payments does it not

grumbler

roxy28 wrote: »

Think i am getting confused with the faster payment and debit card, but current account ie debit card does = faster payments does it not

No, it doesn't.
A bank transfer has nothing to do with the debit card linked to the same account.

Debit card payment is what you do in shops and online by giving your card details (not the bank account details).

In your case, when the job is done and you are happy with it, it doesn't matter how you pay. When paying in advance, card payment offers much more protection:

• Visa, Mastercard & Amex Chargeback
• Section 75 refunds

Mr_Goodkat

roxy28 wrote: »

When i say debit card i mean my current account, which is also my debit card account.
I can make a faster payment from my online account to the said sort and account number.
Yes all work now done and happy to make the payment.

Think i am getting confused with the faster payment and debit card, but current account ie debit card does = faster payments does it not

A current account is capable of sending faster payments and debit card linked to that current account can make payments but faster payments and debit card transactions are different.

A faster payment is you pushing money from your bank account to the other parties bank account.

A debit card payment is the other party making a charge against your card that will be processed and pulled from your account.

A faster payment will reach the other account between a matter of minutes and by the end of the next banking day and will be free of charge

A debit card payment will take a few days to be fully processed and money received plus the receiver will likely pay a handling fee for thr processing of the transaction

agrinnall

grumbler wrote: »

BACS transfers now are used for big transfers only (above the FP limit) and normally are available in branches and aren't free (and over a phone?).

I think you must have confused BACS and CHAPS. The only payments with BACS in the name now are BACS Direct Credits, which are generally only available to business customers, and I'm not aware that any bank offers them to retail customers for payments above their FP limit. CHAPS are available for any amount and (unlike FPS) are guaranteed same day as long as they're done before the cut-off time, but do have a fee for the transaction.

roxy28

Mr_Goodkat wrote: »

A current account is capable of sending faster payments

.


I think thats what i meant but never explained it well.

I was unsure what bacs were ( now faster payments ) and thought there may be a charge for bacs.