*mutter mutter* banks *mutter*

Feek · 14-08-2008, 09:30

Last Friday a transfer was initiated into my account and at the same time, a cheque was paid in.

Cheque cleared yesterday, the transfer still hasn't appeared

Fayshun · 14-08-2008, 09:35

Modern technology eh?

Jonny69 · 14-08-2008, 09:36

BBx · 14-08-2008, 09:38

Whenever I cash a chq or do a transfer I don't expect it to be done within a week - then when it is - thats a bonus!

BB x

Stan_Lite · 14-08-2008, 11:38

I fail to see how the banks can justify this. It doesn't take 3-5 days for my benk to tell my brother's bank that I'm good for the money I'm transferring - it should happen in a matter of seconds.

Desmo · 14-08-2008, 13:18

Wasn't some rule passed a little while back meaning transfers were meant to happen far quicker now?

LeperousDust · 14-08-2008, 13:25

Not passed, i think banks can just take part in the "faster transactions" if they wish, and so far it only works between the same bank, and maybe a few others. So its still pretty useless the technology is there for everyone to take part in instant bank transfers but banks still make a fair amount of interest off this limbo money for 3-5 days...

Daz · 14-08-2008, 13:33

Quote:

Originally Posted by LeperousDust

banks still make a fair amount of interest off this limbo money for 3-5 days...

I'm ok with that though. In some countries you pay a subscription to have a bank account, personally I'd rather they keep my transfers for a couple of days than charge me elsewhere, I can work around the delay.

We're used to free banking in this country and I'd like it to stay that way, if things like this help then so be it. When the whole charging for cash points thing fell through the banks started moaning again. I'm worried this fast transfer facility will be another nail in the coffin.

Desmo · 14-08-2008, 14:47

Have to agree with Daz really. If this is where they make some money rather than charging me for using my account, I'm all for it. They WILL recoup the money from somewhere.

Feek · 14-08-2008, 15:09

The trouble is that I budgeted all this week for getting a certain amount of cash out of the cashpoint each day so that I'd have what I need tomorrow - Now I'm going to have to go into a branch tomorrow and that's quite inconvenient.

I phoned the bank and they have no record of anything coming in

14-08-2008, 09:30	#1
Feek ex SAS Join Date: Jun 2006 Location: JO01ou Posts: 10,062	**mutter mutter banks mutter** Last Friday a transfer was initiated into my account and at the same time, a cheque was paid in. Cheque cleared yesterday, the transfer still hasn't appeared __________________

14-08-2008, 09:35	#2
Fayshun Rocket Fuel Join Date: Jun 2006 Location: Adrift in the Orca Posts: 6,845	Modern technology eh? __________________ We must move forward not backward, upwards not forward, and always twirling, twirling, twirling...

14-08-2008, 09:36	#3
Jonny69 Noob Join Date: Oct 2006 Location: Socialist Republik of Kent Posts: 5,032	__________________

14-08-2008, 11:38	#5
Stan_Lite Stan, Stan the FLASHER MAN! Join Date: Jul 2006 Location: In bed with your sister Posts: 5,483	I fail to see how the banks can justify this. It doesn't take 3-5 days for my benk to tell my brother's bank that I'm good for the money I'm transferring - it should happen in a matter of seconds. __________________ Just because I have a short attention span doesn't mean I...

14-08-2008, 13:18	#6
Desmo The Last Airbender Join Date: Jun 2006 Location: Pigmopad Posts: 11,915	Wasn't some rule passed a little while back meaning transfers were meant to happen far quicker now? __________________

14-08-2008, 09:38	#4
BBx Reverse SuBo Join Date: Jul 2006 Location: London Posts: 8,673	Whenever I cash a chq or do a transfer I don't expect it to be done within a week - then when it is - thats a bonus! BB x

14-08-2008, 13:25	#7
LeperousDust Bananaman Join Date: Jul 2006 Location: Liverpool/Edinburgh Posts: 4,817	Not passed, i think banks can just take part in the "faster transactions" if they wish, and so far it only works between the same bank, and maybe a few others. So its still pretty useless the technology is there for everyone to take part in instant bank transfers but banks still make a fair amount of interest off this limbo money for 3-5 days... __________________

14-08-2008, 14:47	#9
Desmo The Last Airbender Join Date: Jun 2006 Location: Pigmopad Posts: 11,915	Have to agree with Daz really. If this is where they make some money rather than charging me for using my account, I'm all for it. They WILL recoup the money from somewhere. __________________

14-08-2008, 15:09	#10
Feek ex SAS Join Date: Jun 2006 Location: JO01ou Posts: 10,062	The trouble is that I budgeted all this week for getting a certain amount of cash out of the cashpoint each day so that I'd have what I need tomorrow - Now I'm going to have to go into a branch tomorrow and that's quite inconvenient. I phoned the bank and they have no record of anything coming in __________________