We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Faster Payments slow today

Options
I've made three faster payments from Nationwide this morning and none have yet arrived. I wonder if the fact it is payday for many slows things down?


Comments

  • PRAISETHESUN
    PRAISETHESUN Posts: 3,794 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    Who are the receiving bank(s)? In any case, keep in mind that anything sent as a "faster payment" can actually take up until the end of the following business day to be received, or even longer if it is held for checks. I wouldn't worry too much personally.
  • MikeWhite
    MikeWhite Posts: 617 Forumite
    First Anniversary Name Dropper First Post
    Options
    Who are the receiving bank(s)? In any case, keep in mind that anything sent as a "faster payment" can actually take up until the end of the following business day to be received, or even longer if it is held for checks. I wouldn't worry too much personally.

    Receiving banks are Santander x 2 and co-op. I'll wait until tomorrow and see what's what. Thanks.

  • phillw
    phillw Posts: 5,596 Forumite
    First Anniversary Name Dropper First Post
    Options
    I would complain if payments made between your own current accounts take any time at all.

    It's usually that your sending bank has blocked the payments, it often takes me three phone calls to sort out.
  • jimjames
    jimjames Posts: 17,709 Forumite
    Photogenic Name Dropper First Anniversary First Post
    Options
    MikeWhite said:
    I've made three faster payments from Nationwide this morning and none have yet arrived. I wonder if the fact it is payday for many slows things down?


    Nothing to do with faster payments system. I've done multiples today and all arrived instantly
    Remember the saying: if it looks too good to be true it almost certainly is.
Meet your Ambassadors

Categories

  • All Categories
  • 12 Election 2024: The MSE Leaders' Debate
  • 344.2K Banking & Borrowing
  • 250.4K Reduce Debt & Boost Income
  • 450.1K Spending & Discounts
  • 236.3K Work, Benefits & Business
  • 609.7K Mortgages, Homes & Bills
  • 173.5K Life & Family
  • 248.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards