The Top Regular Savers Discussion Thread

easysaver

Unreliable Skipton BS
My deposits made early hours on 1st Aug are now showing but dated 4th Aug.
Standing orders/scheduled payments have now been cancelled. I'll make manual payments during business hours, if I remember/have time etc.
Question for MSE's, does this happen with any other bank/building society who also offer RS's? It's the randomness of the process that irritates me more than the actual delay. Does anyone actually have an explanation for why some payments get credited on the day and others are only credited the following business day? I've not heard any explanation that holds up.
Very poor form from Skipton BS.

Digital_Payback

easysaver said:

Unreliable Skipton BS
My deposits made early hours on 1st Aug are now showing but dated 4th Aug.
Standing orders/scheduled payments have now been cancelled. I'll make manual payments during business hours, if I remember/have time etc.
Question for MSE's, does this happen with any other bank/building society who also offer RS's? It's the randomness of the process that irritates me more than the actual delay. Does anyone actually have an explanation for why some payments get credited on the day and others are only credited the following business day? I've not heard any explanation that holds up.
Very poor form from Skipton BS.

 It may be that Standing Order payments are treated differently from Faster Payment. The latter seem to be processed faster and on the same day. 

SH88SH88

Digital_Payback said:

easysaver said:

Unreliable Skipton BS
My deposits made early hours on 1st Aug are now showing but dated 4th Aug.
Standing orders/scheduled payments have now been cancelled. I'll make manual payments during business hours, if I remember/have time etc.
Question for MSE's, does this happen with any other bank/building society who also offer RS's? It's the randomness of the process that irritates me more than the actual delay. Does anyone actually have an explanation for why some payments get credited on the day and others are only credited the following business day? I've not heard any explanation that holds up.
Very poor form from Skipton BS.

 It maybe that Standing Order payments are treated differently from Faster Payment. The latter seem to be processed faster and on the same day. 

Digital_Payback said:

easysaver said:

Unreliable Skipton BS
My deposits made early hours on 1st Aug are now showing but dated 4th Aug.
Standing orders/scheduled payments have now been cancelled. I'll make manual payments during business hours, if I remember/have time etc.
Question for MSE's, does this happen with any other bank/building society who also offer RS's? It's the randomness of the process that irritates me more than the actual delay. Does anyone actually have an explanation for why some payments get credited on the day and others are only credited the following business day? I've not heard any explanation that holds up.
Very poor form from Skipton BS.

 It maybe that Standing Order payments are treated differently from Faster Payment. The latter seem to be processed faster and on the same day. 

Skipton seem to be allergic to Weekends, if you try to do an INTERNAL transfer on a Saturday it refuses and says only on weekdays,  so this gets forward dated to be actioned on Monday .....

gt94sss2

easysaver said:

Unreliable Skipton BS
Question for MSE's, does this happen with any other bank/building society who also offer RS's? It's the randomness of the process that irritates me more than the actual delay. Does anyone actually have an explanation for why some payments get credited on the day and others are only credited the following business day?

Its the only time I have experienced this from Skipton. In the past, standing orders have always been credited on the same day. I'm not sure why it's different this month. 

The only one that shows payments late in my experience is Furness.

jaypers

Sent a payment to Furness yesterday. Still not showing today but I’m guessing tomorrow morning as they don’t seem to be the quickest? 

WillPS

chris_the_bee said:

Digital_Payback said:

badger09 said:

Skipton 
Thanks for the heads up on Skipton’s slow processing of incoming SOs early hours on 1st. I intended to set up SO from BoS from 1Sept but will fund by FP or debit card instead. 

I sent 2 automated payments to be credited to 2 separate Skipton regular savers, funds sent from Starling Bank at 1.40am on 1st August. 

They are both showing today and credited today, 4th August. 

I’ll be doing a manual posting from now on at a later time of the day. Until now Skipton deposits always showed same day as posted, usually within a couple of hours.
Lesson learned. 

Skipton are not a clearing bank, so they will not see or credit payments until the next working day.

Not being a clearing bank is an irrelevance. Nationwide is not a clearing bank, nor are many of the fintechs. 

This is a 'slow old system' issue. 

dingling68

Skipton Regular Saver - deposit date

I have been told on chat that the interest will be calculated from 1st August, as the late date of 4th August is due to a processing delay at their end but I guess we won't know for sure until the interest is credited

hpas251

Digital_Payback said:

easysaver said:

Skipton BS
Anyone else waiting for their deposits (faster payment from Chase at 01:23 on 1st Aug) from yesterday to show on their account(s)? I've experienced this before and it's irritating to say the least.
What do others do to avoid it? Can I fund my base rate tracker and do internal transfers from there? But won't that payment not get credited on time too? Fundamentally, is Skipton BS just unreliable?

I’m still waiting for 2 automated payments to be credited to 2 separate Skipton regular savers, funds sent from Starling Bank at 1.40am yesterday, 1st August. 

I had this problem with a manual payment sent at 12.10am on Friday. It was finally credited this morning. There seems to a delay when payments are sent in the early hours of the morning of the 1st of the month. The system at either Skipton or Barclays (who process payments on behalf of Skipton) seems to not recognise that it's a new month until later in the day. RBS and Nationwide do not have this problem though.

jameseonline

Just managed to pay into a Principality 6 month despite Virgin telling me on phone they released the payment and getting a notification on app following a block days ago.

Got several adjustments on my current account transactions list too which are to do with the 1st of August payments I made & disappeared off the transactions list.

So basically nothing went anywhere & £200 went into my current account today.

*SIGH*

hpas251

SH88SH88 said:

Digital_Payback said:

easysaver said:

Unreliable Skipton BS
My deposits made early hours on 1st Aug are now showing but dated 4th Aug.
Standing orders/scheduled payments have now been cancelled. I'll make manual payments during business hours, if I remember/have time etc.
Question for MSE's, does this happen with any other bank/building society who also offer RS's? It's the randomness of the process that irritates me more than the actual delay. Does anyone actually have an explanation for why some payments get credited on the day and others are only credited the following business day? I've not heard any explanation that holds up.
Very poor form from Skipton BS.

 It maybe that Standing Order payments are treated differently from Faster Payment. The latter seem to be processed faster and on the same day. 

Digital_Payback said:

easysaver said:

Unreliable Skipton BS
My deposits made early hours on 1st Aug are now showing but dated 4th Aug.
Standing orders/scheduled payments have now been cancelled. I'll make manual payments during business hours, if I remember/have time etc.
Question for MSE's, does this happen with any other bank/building society who also offer RS's? It's the randomness of the process that irritates me more than the actual delay. Does anyone actually have an explanation for why some payments get credited on the day and others are only credited the following business day? I've not heard any explanation that holds up.
Very poor form from Skipton BS.

 It maybe that Standing Order payments are treated differently from Faster Payment. The latter seem to be processed faster and on the same day. 

Skipton seem to be allergic to Weekends, if you try to do an INTERNAL transfer on a Saturday it refuses and says only on weekdays,  so this gets forward dated to be actioned on Monday .....

Ditto for Bank Holidays. Nationwide can do instant internal transfers on weekends and BHs though.