faster payments at weekends

YorkshireBoy

joe134 wrote: »

they really shouldn't stipulate 2 hours, if they don't intend it?

They don't though, do they. What they actually say, on the final confirmation screen, is...


"Your payment will usually be made within two hours"

Missus_Hyde

I've found the Yorkshire Building Society notoriously slow at transferring faster payments (their idea of "faster" payments certainly isn't the same as mine!;) ) It can take them until Monday evening to transfer a payment made on Friday and even on weekdays the payment doesn't arrive until the end of the next day, whereas my other banks usually have the payments in the respective accounts sometimes even by the time I've logged out of one account and logged into another.

I always transfer a minute amount first of all to any new account to make sure it goes in okay and to see how long it takes in each case; it's a horrible feeling when money is suspended in cyberspace having left one account, but not yet appeared in another.

badger09

Missus_Hyde wrote: »

I've found the Yorkshire Building Society notoriously slow at transferring faster payments (their idea of "faster" payments certainly isn't the same as mine!;) ) It can take them until Monday evening to transfer a payment made on Friday and even on weekdays the payment doesn't arrive until the end of the next day, whereas my other banks usually have the payments in the respective accounts sometimes even by the time I've logged out of one account and logged into another.

I always transfer a minute amount first of all to any new account to make sure it goes in okay and to see how long it takes in each case; it's a horrible feeling when money is suspended in cyberspace having left one account, but not yet appeared in another.

They do say here that payments from your account will normally arrive the next day.

http://www.ybs.co.uk/help/money-transfer/faster-payments.html

joe134

YorkshireBoy wrote: »

They don't though, do they. What they actually say, on the final confirmation screen, is...


"Your payment will usually be made within two hours"

Hi YB, This is what it says.TESCO;
"Your payment has been set up and should reach the payee within the next two hours"
nothing there about usually?
I always take a screengrab of all transfers, then, delete when I know the money has landed..

alternate

joe134 wrote: »

Hi YB, This is what it says.TESCO;
"Your payment has been set up and should reach the payee within the next two hours"
nothing there about usually?
I always take a screengrab of all transfers, then, delete when I know the money has landed..

"should" is the qualifier here.

joe134

alternate wrote: »

"should" is the qualifier here.

yep;;enough wriggle room in that one word.:)
just enough to make you think, have I made a mistake.?:-)
Wouldn't like to hang by my ***** for their 2 hours :-)
Got there in the end.

YorkshireBoy

joe134 wrote: »

Hi YB, This is what it says.TESCO;
"Your payment has been set up and should reach the payee within the next two hours"

Message I quoted was from a Tesco current account. I have nothing in my savings accounts. Were you sending from current or savings?...I suspect savings. Either way, the word "should", as posted above, is essentially the same message.

agrinnall

The real point is that Tesco Bank have zero control over when the receiving bank posts the payment to your account, so the best they can do is give a qualified timescale, which they have.