Faster payments - who can send and receive

andypandy1

Not sure if this is of interest to anyone but I have an Ulster Bank account and their faster payments service is fantastic. I transferred £10k to my Halifax account and it arrived immediately. Much better than Halifax faster payments service.

Sceptic001

evenasus wrote: »

I made a single instant payment yesterday from my Nationwide Flex account. Sort code 07 01 16.

Nationwide's lastest Transfers & Restrictions. http://www.nationwide.co.uk/internetbanking/Help/help_transfer_limits_restrictions.htm

Thanks for that news on FlexAccount, evenasus. When did that happen? It would have been nice if Nationwide had told its customers...:mad:

evenasus

Sceptic001 wrote: »

When did that happen? It would have been nice if Nationwide had told its customers...:mad:

It would wouldn't it.
I only found out when I made the payment and the message that the receiving bank had received the funds came up.

rb10

Sceptic001 wrote: »

It would have been nice if Nationwide had told its customers...:mad:

They can't win though ... people moan because they haven't been told ... but if they sent all their customers an email or letter every time they made a small change like this, people would quickly get annoyed and say that Nationwide was contacting them too much!

evenasus

rb10 wrote: »

but if they sent all their customers an email or letter every time they made a small change like this, people would quickly get annoyed and say that Nationwide was contacting them too much!

True - But they could have put a note on their front page re faster payments changes.

savetilibleed

Although a FP sent to Barnsley BS doesn't usually show until the day after (with the FPayment date) I'm finding that isn't true if it is sent, say 9pm.

I sent money at 20:57 on 8 April by FP and it didn't show yesterday. Today it shows as a faster payment, credited to the account on 9 April. So not truely fast in that there is a one day delay when sent at that sort of time or later.

I suppose the same will be true of YBS.

evenasus

evenasus wrote: »

I've just made the payment again - to the correct account this time - eSave 6.
Will check tomorrow to see if it shows up in my Coventry account.

Nationwide's lastest Transfers & Restrictions. http://www.nationwide.co.uk/internetbanking/Help/help_transfer_limits_restrictions.htm

Just to confirm - My instant payment from Nationwide to Coventry on the 9th showed as credited on my Coventry account on the 9th. :T

goRt

evenasus wrote: »

Just to confirm - My instant payment from Nationwide to Coventry on the 9th showed as credited on my Coventry account on the 9th. :T

Here's the announcement:
http://www.nationwide.co.uk/faster_payments/default.htm

Eco_Miser

I can confirm that Yorkshire Bank will send up to £500 by fp.

bagsacash

Tesco has the best FP system I have experienced and tesco is not a bank. The banks/bulding societies I have used, Barc, Hal, A&L, Natwest,and Santandar are very poor

All are still in the darkages.