Is there a bank which doesn't hold outgoing payments 'for review'?

flaneurs_lobster

DavidT67 said:

grumbler said:

gsmh said:

Is there a bank which doesn't hold outgoing payments 'for review'?

In our dreams and in Hollywood films.

In Hollywood films bank transfers also occur one dollar at a time over a dramatic number of minutes...

...with a digital display counting up (or, indeed, down).

Shakin_Steve

IanManc said:

Band7 said:

Amazing how some people who neither know myself nor anything about my banking transactions do know that I am "completely wrong" when I describe what happened with my banking transactions. 

It isn't "amazing" Colsten/Dahlia/Band7. 

Oooooo......have I missed something?

phillw

IanManc said:
Meanwhile, her belief that checks on her bank transactions are random is presented as an incontrovertible fact. Which, of course, it isn't. 

It is as random as you can get with a computer.
Entropy goes in, seemingly unrelated outcome is calculated.

I await you providing evidence you can predict the decision.


They are also comparing it to the transactions made by all their other customers, looking for patterns that may indicate fraud based on previous experience.

So the outcome is random, because you can't control what other customers are doing at any particular time.

IanManc

phillw said:

IanManc said:
Meanwhile, her belief that checks on her bank transactions are random is presented as an incontrovertible fact. Which, of course, it isn't. 

It is as random as you can get with a computer.
Entropy goes in, seemingly unrelated outcome is calculated.

I await you providing evidence you can predict the decision.


They are also comparing it to the transactions made by all their other customers, looking for patterns that may indicate fraud based on previous experience.

So the outcome is random, because you can't control what other customers are doing at any particular time.

Straw man argument. I never said that I could predict the decision, so you'll wait a long time for me to provide evidence to prove something I didn't assert. I simply said that Colsten/Dahlia/Band7's presentation as a fact that the checks were random was controvertible, i.e. capable of being disputed or opposed by reason; and both @TheBanker and I have disputed it, and given reasons.

And your conclusion "So the outcome is random, because you can't control what other customers are doing at any particular time" - which isn't something that I said, but is a quote from @TheBanker - is wrong because "the outcome" you're suggesting would be a response by the computer algorithm to the behaviour of others, not a random response.

TheBanker

phillw said:

IanManc said:
Meanwhile, her belief that checks on her bank transactions are random is presented as an incontrovertible fact. Which, of course, it isn't. 

It is as random as you can get with a computer.
Entropy goes in, seemingly unrelated outcome is calculated.

I await you providing evidence you can predict the decision.


They are also comparing it to the transactions made by all their other customers, looking for patterns that may indicate fraud based on previous experience.

So the outcome is random, because you can't control what other customers are doing at any particular time.

I think you misunderstand the meaning of 'random'. And missed the point where I said they may appear to be random. 

Obviously, nobody except those with access to the algorithms used can predict the decision. If people could then the blocks would be useless. This doesn't make them random though.

penners324

Starling do it the best way. Most legacy banks require you to call them....

[Deleted User]

Making payments, HSBC text me saying did I make this payment, Y or N. On three occasions I had, on the forth I had not, so it does protect you even if it is annoying. With RBS the payment just went through but it was only £50, HSBC also failed to spot a payment of £1500 which was approved without any check despite me never buying a large TV before which was what I gather the fraud payment was for. They gave me the money back.

Sending payments, one time with Lloyds I was sending £3000 to another account, they held the payment and I had to call them and do a 10 min call to get it approved. Again it's annoying but I'd rather that than lose £3000.

quaybab

Not the answer you want to hear but after using the same internet banking payee (internal transfer) a couple of times,
Halifax came back with:
Delayed actions - For security, we need to check this payment with you.
And threats of
if you don't call soon, you won't be able to sign in.
I just repeated the payment with a lower amount and it went through.
Not even locked out of internet banking (yet).
In my experience, the customer is the last person to know when they don't like an FPS payment. They silently ignore the instruction and your password stops working.
Save Draft

lopsyfa

In my experience, Starling is one of the worst and is one of the reasons why I rarely use my account with them.

The last three times I have tried to send money to a new account from Starling, I have had to cancel the transaction and send it via my NatWest account which I have paid with Starling before.

My advice is to make sure you have paid that account before trying to send money from Starling except the payment is not urgent. If urgent, send it via another account. In my experience, NatWest, satander, TSB, Halifax and nationwide (may require card reader for new recipient) are banks that ask you to verify transactions but doesn't then hold the transaction pending for days after you have confirmed you are not being scammed.

GeoffTF

lopsyfa said:

My advice is to make sure you have paid that account before trying to send money from Starling except the payment is not urgent. If urgent, send it via another account. In my experience, NatWest, satander, TSB, Halifax and nationwide (may require card reader for new recipient) are banks that ask you to verify transactions but doesn't then hold the transaction pending for days after you have confirmed you are not being scammed.

That is interesting. I had wondered about Starling. They have a £1 million Faster Payments limit, so I thought that they might be good for large payments, but it seems not. I have not had any serious issues with large payments from Santander.

Someone asked which banks the wealthy use. The big banks. They do not want the bank to go bust, and they want the bank to be able to compensate them if it messes up.