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Paying in to Coventry Building Society savings accounts

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  • CooperSF
    CooperSF Posts: 102 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    Paid into my new CBS savings accounts, under £10k from my current online banking current account.

    I kept the payment under 10k, as I thought this meant the payments into the savings account were immediate, but nothing showing yet. Does anyone have any experience sending money to different savings accounts for the first time? Just after reassurance, account details all correct.
    Transfer can take anywhere from one hour to six hours.
  • Grizebeck
    Grizebeck Posts: 3,967 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    Main thing for me is knowing usual payment times.
    I've kept all my banking in one place for so long, that it's a bit disconcerting seeing a sum leave my account without showing in another, but details are all correct so will just have to wait.
    Thank goodness you didn't send it to Mansfield then took 3 days to show though payment was backdated
    Yes it can do if sent on a friday
  • Grizebeck said:
    Main thing for me is knowing usual payment times.
    I've kept all my banking in one place for so long, that it's a bit disconcerting seeing a sum leave my account without showing in another, but details are all correct so will just have to wait.
    Thank goodness you didn't send it to Mansfield then took 3 days to show though payment was backdated
    Yes it can do if sent on a friday
    Sent on a Wednesday afternoon didn't appear until Saturday.  Updated the Friday night.
  • Sent £1.5k today, took 11 minutes at 10.00am
  • Band7
    Band7 Posts: 2,285 Forumite
    1,000 Posts Name Dropper
    Paying in is reasonably fast. Withdrawing not so much. I requested a withdrawal an hour ago - can't get the money until tomorrow
  • Grizebeck
    Grizebeck Posts: 3,967 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    edited 17 January 2023 at 8:28PM
    Yes Cov withdrawals are next working day
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