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faster payments fault halifax to lloyds

MissG80
MissG80 Posts: 126 Forumite
Eighth Anniversary 10 Posts
in Budgeting & bank accounts
Hi I've had a standing order from Halifax to Lloyds returned with the code FPI which stands for Faster Payment Incoming.


It's happened twice now (Mon and Thurs). Anyone else experiencing this and got info on when it will be resolved?
As of Oct 28th 2024:

Barclay credit card £4,000
Lloyds credit card £637
Emergency Fund £1,000

Comments

  • beanielou
    beanielou Posts: 98,258 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Have you phoned them?
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

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  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    To me it would suggest a wrong sort code or account number on the receiving Lloyds account.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    FriendlyFoe wrote: »
    Lloyds to Halifax are transfers not faster payments. Are sure it’s not TSB?

    A standing order will be processed as a faster payment.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    FriendlyFoe wrote: »
    No, standing orders will still show as TFR.

    So how do you explain the fact that the standing order being returned is showing as FPI?
  • jonnygee2
    jonnygee2 Posts: 2,086 Forumite
    1,000 Posts Second Anniversary Name Dropper Combo Breaker
    I think phoning your bank, rather than asking on a public forum, is the best way to go here!

    They should be able to give you the decline reason and explain what's going on.
  • MissG80
    MissG80 Posts: 126 Forumite
    Eighth Anniversary 10 Posts
    It had been accepted no problem previously.


    I did phone Halifax and they have no idea and they told me to ask Lloyds.


    I googled it and sometimes it can happen because of an error in the FP system.


    I just phoned Lloyds and it was the wrong sort code...opps!
    As of Oct 28th 2024:

    Barclay credit card £4,000
    Lloyds credit card £637
    Emergency Fund £1,000
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    MissG80 wrote: »
    It had been accepted no problem previously.


    I did phone Halifax and they have no idea and they told me to ask Lloyds.


    I googled it and sometimes it can happen because of an error in the FP system.


    I just phoned Lloyds and it was the wrong sort code...opps!

    Told you. :D:D
  • OceanSound
    OceanSound Posts: 1,482 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    edited 23 April 2018 at 2:31AM
    MissG80 wrote: »
    It had been accepted no problem previously.
    .......
    I just phoned Lloyds and it was the wrong sort code...opps!

    Once a standing order is setup and it's gone through once, I.e. you've received it at Lloyds, then surely the account number and sort code is correct.

    How would this have changed?

    Anyway, lucky that you entered a sort code (and matching account number) that didn't exist.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Perhaps the OP did not notice that it had been returned previously?
This discussion has been closed.
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