Alexland wrote: »
It's a white label product from Bank of Ireland.
As a minimum, all financial institutions in the UK must abide by the Payment Services Directive (PSD) - this states that any payments made by mobile, internet or phone banking (including standing orders) must arrive by the end of the following business day at the latest.
The law also says the beneficiary bank must make funds available to their customer as soon as they receive the instruction (noting that some institutions do not operate on weekends or public holidays).
djpailo wrote: »
I guess post office does not come under financial institution?
eskbanker wrote: »
But since their financial services are actually provided by Bank of Ireland UK (not the Irish parent), they definitely do need to comply with all UK banking regulations....
The change comes in from Sunday 24 October
It normally costs £15
Here's when and how to book