Faster payments - who can send and receive

G_M

I've sent via FP in the evening and it hit my c/a 2 minutes later.

alanwsg

Just transferred some dosh from my Smile(co-op) current account into a NatWest E-ISA and the money appeared immediately.

chris1

Thanks folks, have updated the first two posts.

alanwsg

alanwsg wrote: »

Just transferred some dosh from my Smile(co-op) current account into a NatWest E-ISA and the money appeared immediately.

And now the bad news ....
I just tried transferring a much larger amount (the first was a £1 "test") and it took the usual 3 days. So I guess there's a max amount they will allow through the fast payments system.

realaledrinker

alanwsg wrote: »

And now the bad news ....
I just tried transferring a much larger amount (the first was a £1 "test") and it took the usual 3 days. So I guess there's a max amount they will allow through the fast payments system.

Still £85 for Bill Payments & £20 for SOs. Will be increased v. shortly when they roll out Two Factor Authentication (those calculator thingys).

I_luv_cats

My Co - Op to Abbey this week went the same day!! (last fews weeks slow)

Co-Op to my Council Tax (Nat West) went the same day!!!

Co - Op to rent still 3 days! (even though Nat West)

It is getting better!!

dougz_2

coop just sent email announcing their fps with a link to https://www.co-operativebank.co.uk/faster
is it fully operational now?

chris1

dougz wrote: »

coop just sent email announcing their fps with a link to www.co-operativebank.co.uk/faster
is it fully operational now?

The website says that only "low value transactions" can be processed at present which fits in with the experiences of posters above.

Sportbilly_2

Does anybody know what the FP limit is for Alliance & Leicester? I've sent £350 (RBS), £825 (RBS) and £1000 (Halifax) without success, but £6 (Halifax) went instantly. Also, is the limit per day, or can you send multiple payments up to the limit one after another?

molerat

A&L is £250 per day per receiving account. Not sure about 2 x £125 etc.