Is it possible to tell if a payment made to me is a 'manual' faster payment or a standing order?

deadendwaterfall

Let's say someone regularly pays me via faster payment for a service or goods, whether they do it manually or schedule it as a standing order, would I be able to see at my end whether the payment was manually made or made automatically by standing order?

Or would a standing order still just appear as a 'Faster Payment Incoming' on my bank statement regardless of the payment being manual or a standing order? 

Just asking out of curiosity.  

tacpot12

I would expect a standing order payment to appear just the same as any other "Faster Payment Incoming" payment. If your bank shows you the date the Faster Payment was made, you might be able to deduce that it was made manually or by Standing Order as it is likely that Standing Orders will not be paid if the due date falls on a Saturday or Sunday. I'm not aware of any rule that says Standing Orders can't be paid on Saturday or Sunday, but my understanding is that most UK Banks will hold such payments over to the Monday. So if the date the payments arrive changes if the due date is a Saturday or Sunday, then it is very likely to be being made by Standing Order. 

flo22

As the recipient there is not way to tell without deducing it as tacpot12 states.  The sender may be able to tell and this entirely depends on their bank and the narrative they show for the outbound FPS (some banks will do this differently).

RG2015

NatWest and RBS do not differentiate between Standing Orders and Faster Payment receipts. Both appear with the reference BAC and include the time and date in the payment details drop down.

Standing order receipts have the timestamp is in the early hours of the payment day. I guess a manual Faster Payment initiated at or about 1:00 AM would appear with the same timestamp as a Standing Order.

Hence SOs and FPs could be indistinguishable in RBS and NatWest.

northwalesd

Llloyds (and presumably Halifax and BOS) do differentiate - incoming faster payments show as FPI, incoming payments made as standing orders show as SO.

EarthBoy

I confirm what northwalesd says above for Lloyds and Halifax.

Barclays also show incoming standing orders as Standing Order, whilst faster payments are shown as "3rd Party Payment". 

So some banks do differentiate, which means that all banks could do it if their systems were advanced enough.

molerat

BOS show all my SOs and FPs from Santander as FPI.

TSB differentiate.

EarthBoy

molerat said:

BOS show all my SOs and FPs from Santander as FPI.

TSB differentiate.

Maybe it depends on what information the sending bank provides?

molerat

EarthBoy said:

molerat said:

BOS show all my SOs and FPs from Santander as FPI.

TSB differentiate.

Maybe it depends on what information the sending bank provides?

Or how the receiving bank interpret what is sent - both are receiving SOs and FPs from Santander and display them differently, I doubt Santander are sending different information to different banks.

wiseonesomeofthetime

With Barclays, Standing Orders from Santander and Halifax are being identified as such by Barclays.

However, Standing Orders (Regular Payment) from Monzo, is being shown by Barclays as 3rd Party Payment and Credit Transaction, exactly the same as a Faster Payment from Monzo.

Edit: Just noticed @EarthBoy already confirmed the above.

With Starling, whether it be a SO or a FP, they are both recorded the same as Settled Payment Received, when from Monzo, and from Nationwide.

Monzo give you no detail at all. Just says "xxx sent you"

HSBC and First Direct, Nationwide - no details at all

Santander - shows my incoming Standing Order as a Faster Payments Receipt

SuperHans1

One of the reasons that I switched to Starling is that standing orders payments are sent at weekends and not just on weekdays. The only other bank I know that does this is Monzo. Whether a weekend standing order payment is technically treated as a faster payment by Starling I don't know.