Is it my imagination?

Lemon_Tree

Or this time last year was there lots of reporting happening about banks having to make their transfers between accounts instant rather than the usual '3' days, from November this year.
I'm sure i'm not going mad, and it was just about the time that First Direct (i think) decided to charge it's customers for their bank account if they didn't pay in enough each month.
Does any one else remember this? do we know when it comes into force, i just can't find out anything about it.

Sorry if this question is in the wrong place, it's just if this is the case i can try for a different current account with 0% overdraft and know that my transfer to my bills account will get there in time.

thanks for your help

MORPH3US

Would be interested to know this too, transfers between my accounts at different banks always seem to take ages!

M

Megatimbo

Hello lemon tree,saw a feature on working lunch about it from what i can gather and remember was going to Happen this year but its been put off until next year

here is a link from the beeb but cant find the exact extract from Working Lunch at the mo

http://news.bbc.co.uk/1/hi/programmes/moneybox/4428147.stm

regards M

Lemon_Tree

thanks i knew i'd heard something about it, why am i not surprised that they are postponing it?
Well if it ever does materialise it'll help all us DFW by meaning we keep our money that bit longer.

cinnabar

I work in a bank, I was under the impression it was due to happen around now but haven't heard anything yet (haven't hard anything to the contrary though either) - will let you know if I find anything out.

Lemon_Tree

cheers cinnabar, i had thought it was this November but it's been so quiet about this subject.