We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Faster payment of fixed term deposit
FreshMilk
Posts: 26 Forumite
Good morning,
my fixed term deposit with Newcastle Building Society was due yesterday (31 July 2014). I have given instructions to Newcastle BS to get my deposit including interests transfered to my current account with Halifax. I am expecting about £40K. I would need the money immediately to pay for an overdraft and earn interest somewhere else.
However, while my previous fixed term deposit is not listed in NBS' online banking facility anymore there is no sign of money being deposited to my current account.
I have contacted NBS weeks ago to double check that they would send my money on due date to my current account. NBS has confirmed this.
I suspect it has something to do with limits on faster payments. When looking at
http://www.fasterpayments.org.uk/consumers/transaction-limits
I could not retrieve any information about NBS,
Any help or advice would be very much appreciated.
Thank-you!
my fixed term deposit with Newcastle Building Society was due yesterday (31 July 2014). I have given instructions to Newcastle BS to get my deposit including interests transfered to my current account with Halifax. I am expecting about £40K. I would need the money immediately to pay for an overdraft and earn interest somewhere else.
However, while my previous fixed term deposit is not listed in NBS' online banking facility anymore there is no sign of money being deposited to my current account.
I have contacted NBS weeks ago to double check that they would send my money on due date to my current account. NBS has confirmed this.
I suspect it has something to do with limits on faster payments. When looking at
http://www.fasterpayments.org.uk/consumers/transaction-limits
I could not retrieve any information about NBS,
Any help or advice would be very much appreciated.
Thank-you!
0
Comments
-
-
Okay, thank you!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards