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
Quickest way to get money to someone!
boring1
Posts: 69 Forumite
I get paid on the 26th October, my full and final to Barclays is due by the 29th October.
Is a 'faster payment' the quickest way to get the money there?
Thanks!
Is a 'faster payment' the quickest way to get the money there?
Thanks!
0
Comments
-
Faster payment takes up to 2 hours to appear so it's pretty quick.
As long as the amount is under the faster payment limit for your bank then use that. You can split the payment into several payments so all payments are under the limit if you need to. Most cases the limit is no less than £10,000.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
0 -
Faster payment takes up to 2 hours to appear so it's pretty quick.
As long as the amount is under the faster payment limit for your bank then use that. You can split the payment into several payments so all payments are under the limit if you need to. Most cases the limit is no less than £10,000.
mine is just over £1000 so that should be fine?0 -
Just a point - some firms might prefer you to be talking to the right department so they treat it as the final payment and add the adjustment to zero balance, rather than just any regular monthly payment. Do Barclays ask you to contact them to do the transaction, which would mean debit card by phone, or is sending it yourself also ok?0
-
Just a point - some firms might prefer you to be talking to the right department so they treat it as the final payment and add the adjustment to zero balance, rather than just any regular monthly payment. Do Barclays ask you to contact them to do the transaction, which would mean debit card by phone, or is sending it yourself also ok?
I phoned Barclays and they ok with a faster payment as long as correct sort code and account number quoted - said I could phone the day I make the payment just to make sure I have everything correct.0 -
In answer to the question posed in the heading to this thread:
Quickest way to get money to someone
Can you lend me a tenner, Dad?
Yes, son, here you are!
"There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock0 -
poppasmurf_bewdley wrote: »In answer to the question posed in the heading to this thread:
Quickest way to get money to someone
Can you lend me a tenner, Dad?
Yes, son, here you are!
Love it!!! :j:D0
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
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards