Santander to Lloyd's faster payment

s71hj

Do transfers from Santander edge up to Lloyd's club not go instantly on weekends? Made a payment to meet the £2000 funding requirement and it has appeared but the available balance doesn't include it and it shows as a payment in for Monday. 

wmb194

s71hj said:

Do transfers from Santander edge up to Lloyd's club not go instantly on weekends? Made a payment to meet the £2000 funding requirement and it has appeared but the available balance doesn't include it and it shows as a payment in for Monday. 

That's normal for Lloyds. Deposits received at the weekend or on bank holidays are credited on the next working day.

s71hj

wmb194 said:

s71hj said:

Do transfers from Santander edge up to Lloyd's club not go instantly on weekends? Made a payment to meet the £2000 funding requirement and it has appeared but the available balance doesn't include it and it shows as a payment in for Monday. 

That's normal for Lloyds. Deposits received at the weekend or on bank holidays are credited on the next working day.

Oh !!!!!!! 

s71hj

s71hj said:

wmb194 said:

s71hj said:

Do transfers from Santander edge up to Lloyd's club not go instantly on weekends? Made a payment to meet the £2000 funding requirement and it has appeared but the available balance doesn't include it and it shows as a payment in for Monday. 

That's normal for Lloyds. Deposits received at the weekend or on bank holidays are credited on the next working day.

Oh !!!!!!! 

Is it the same for TSB, Natwest, RBS? 

flaneurs_lobster

s71hj said:

wmb194 said:

s71hj said:

Do transfers from Santander edge up to Lloyd's club not go instantly on weekends? Made a payment to meet the £2000 funding requirement and it has appeared but the available balance doesn't include it and it shows as a payment in for Monday. 

That's normal for Lloyds. Deposits received at the weekend or on bank holidays are credited on the next working day.

Oh !!!!!!! 

Problem? The cash is still available to move elsewhere if you need it.

s71hj

flaneurs_lobster said:

s71hj said:

wmb194 said:

s71hj said:

Do transfers from Santander edge up to Lloyd's club not go instantly on weekends? Made a payment to meet the £2000 funding requirement and it has appeared but the available balance doesn't include it and it shows as a payment in for Monday. 

That's normal for Lloyds. Deposits received at the weekend or on bank holidays are credited on the next working day.

Oh !!!!!!! 

Problem? The cash is still available to move elsewhere if you need it.

Yeh, it eventually appeared as accessible after 25 mins or so. Natwest RBS and TSB were practically instant on the other hand. My monthly routine of meeting funding requirements but the 1st time I've done it on a weekend, hence the panic! 

maman

I, too, have accounts with Santander and Lloyd's. I'm sure that it states clear on the Lloyd's Payments and Transfers (not sure about Santander) that payments will be made on the next working day. 

Nebulous2

I've never noticed that. I move money from Santander to meet the funding requirements of my other banks on the 1st of each month, whether it is a weekend or not. 

£2000 to club Lloyds and it is available as quickly as I can close the Santander app and open the Lloyds one. Pay the two Lloyds regular saver, leave enough for my DDs and move the balance back to Santander. 

There may be occasional glitches, but the only bank I have which consistently has a short delay in the money appearing is the Coop. 

flaneurs_lobster

maman said:

I, too, have accounts with Santander and Lloyd's. I'm sure that it states clear on the Lloyd's Payments and Transfers (not sure about Santander) that payments will be made on the next working day. 

I really should actually go and look but I think what they have is the standard Faster Payments service level ambition, that payments will probably be near-instant, might be up to 2 hours but may take up until the end of the next working day. 

EarthBoy

maman said:

I, too, have accounts with Santander and Lloyd's. I'm sure that it states clear on the Lloyd's Payments and Transfers (not sure about Santander) that payments will be made on the next working day. 

All my payments from Lloyds go instantly. 

s71hj

EarthBoy said:

maman said:

I, too, have accounts with Santander and Lloyd's. I'm sure that it states clear on the Lloyd's Payments and Transfers (not sure about Santander) that payments will be made on the next working day. 

All my payments from Lloyds go instantly. 

It did go, just took longer than I expected to be accessible. Then did transfer into my wife's and it was instantly withdrawable so just a weird quirk I guess.