Tesco Current A/C Faster Payments delays

badger09

agrinnall wrote: »

Well the amount of interest that you'll miss out on by a day's delay is minimal, maybe 20p.




And even if CHAPS payments are allowed from Tesco accounts I'd imagine the cost will be considerably greater than the amount of interest foregone!

Even if diamonds manages to spend all £100 which qualifies for contactless 5% on one day, and his top up is delayed - the interest lost is 1.37p.

I know this is MSE, but really?:cool:

eskbanker

diamonds wrote: »

Obviously I transfer in any amount the same day I have used on contactless in that same day, given contactless payments do not show as pending and come straight off my account at times or the next day 17 hours is not acceptable to me

I may be missing something here but why is it obvious that you'd choose to do that?

Baby_Angel

I did my first payment to my new current account with Tesco last night and within minutes the money was there.

molerat

Tesco is by far the slowest for me. It is never instant as it is with RBS, TSB & Santander but usually within 5 - 20 minutes. Never had a long delay though.

diamonds

oldagetraveller wrote: »

I must be "lucky" too!
Similarly to colsten and jus the opposite to the o.p.'s, all FP transfers from/to my Tesco current and savings accounts take only minutes to complete. Sometimes only seconds. So I presume they are "real time", not "batch" transfers.
That's of no help to diamonds though.:o Have you asked Tesco Bank why this is happening? They are usually, in my experience, very helpful and knowlegeable.

I have not yet, plan to do it later today, weekly shop day with my elderly old man today so just got back and bags to unpack and a coffee first


Ironically got my second T Cur A/C card today :rotfl:

diamonds

molerat wrote: »

Tesco is by far the slowest for me. It is never instant as it is with RBS, TSB & Santander but usually within 5 - 20 minutes. Never had a long delay though.

Yes that's what I found until early this week when a 17 hour stint went by. I dont want to get caught out with that again stuck one night with no access to my own cash I transferred.

Have whittled thousands across to my new NWide FlextD/RS away from Tesco so if it happens again it may put me in a position where I need access but Tesco have it in cyberbankworld somewhere. Not good really.

diamonds

eskbanker wrote: »

I may be missing something here but why is it obvious that you'd choose to do that?

3% Tesco and TSB cashback...thought that would be obvious to tarts.

diamonds

badger09 wrote: »

Even if diamonds manages to spend all £100 which qualifies for contactless 5% on one day, and his top up is delayed - the interest lost is 1.37p.

I know this is MSE, but really?:cool:

Some of us despise claiming Housing Benefit and want their own place. In every sense of the matter... Every Little Helps :money:

eskbanker

diamonds wrote: »

3% Tesco and TSB cashback...thought that would be obvious to tarts.

I wasn't questioning your choice of accounts, just your apparent desire to replenish TSB up to the max on a same-day basis every time you spend the inherently small amounts of money associated with contactless - that level of obsessive micro-control might save/generate minuscule fractions here and there (unlike badger09's post I make it closer to 0.5p on your £100 rather than 1.37p if it's coming from a 3% account), but that hardly makes it an obvious thing to do!

diamonds wrote: »

Obviously I transfer in any amount the same day I have used on contactless in that same day, given contactless payments do not show as pending and come straight off my account at times or the next day 17 hours is not acceptable to me

diamonds

eskbanker wrote: »

I wasn't questioning your choice of accounts, just your apparent desire to replenish TSB up to the max on a same-day basis every time you spend the inherently small amounts of money associated with contactless - that level of obsessive micro-control might save/generate minuscule fractions here and there (unlike badger09's post I make it closer to 0.5p on your £100 rather than 1.37p if it's coming from a 3% account), but that hardly makes it an obvious thing to do!

I'm buying a flat I need a 25% deposit due to not being permanent full time, obsessive micro saving uber control activated with pride control


Just got my Aqua 0.05% credit card approved - because £100 cashback for a mortgage deposit is £100:T