Matt L
Member
Registered: 17th Apr 06
User status: Offline
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how long does it take to transfer money from one account to the other if its done online?
i didnt expect it to be instant but i just want to know when i can expect it in  had alook on the site and couldnt really find anything.
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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if it doesnt happen with an hour, 2-3 days.
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_Allan_
Member
Registered: 24th Mar 04
User status: Offline
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HSBC are now taking part in the quicker transfer scheme which quite a few banks are part of. (14 off the top of my head). It can be as little as 2 hours now. Although not sure if Nationwide joined the scheme.
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John
Member
Registered: 30th Jun 03
User status: Offline
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This is why people use paypal.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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HSBC took 2 weeks to transfer to the Halifax.
Probably because I was leaving them 
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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quote:
Originally posted by John
This is why people use paypal.
Yep, but paypal are a bunch of fucking twats who think they can snatch everyones money and get away with it, then when you need any help you find their help system completely fucking useless.
My wages go from a barcalays to a lloyds and its pretty much instant now via BACS.
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Matt L
Member
Registered: 17th Apr 06
User status: Offline
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@ john.
and it was done this morning so probably be a 2-3 days now. (hopefully by saturday ).
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Paypal can suck my baws.
Takes 2 days Matt
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John
Member
Registered: 30th Jun 03
User status: Offline
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I agree about paypal and ebay being twats but it's an extremely easy way of sending money compared to the hassle the banks make it.
If this instant transfer comes into place universally I can see paypal losing a lot of business.
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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fuck paypal and ebay, and their monopoly 
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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HSBC to HSBC is instant.
HSBC to any bank who do FPS is less than 2 hours but more or less instant in a lot of cases.
HSBC to other banks not in it are upto 3 days.
I cant remember off the top of my head, but I dont think Nationwide are part of the FPS.
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Rich H
Member
Registered: 26th Oct 05
Location: West Sussex Drives: E46 M3
User status: Offline
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Yeh its normally 2-3 days when I transfer from my Nationwide account to my HSBC one.
Just got sent some money from lisac on here as payment for wax, and it was in my account within 10 minutes!! And she's with halifax lol. Clever stuff this instant transfer!!
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paul.mitchell1984
Member
Registered: 31st Aug 06
Location: Wakefield
User status: Offline
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nationwide arnt part of FPS yet ( i work for voca link who deal with it all) 
Should get done pretty much instant obv takes time for net banking to update sometimes, plus if theres a backlog or batch issue when sending through can cause some delaye (hence we say 2 - 3 hours)
stage 2 of the FPS plan is getting rolled in in the next few months which will open up alot more oppertunities for other banks 3rd party beneficieries etc to join so nationwide may be on that band wagon 
[Edited on 28-01-2009 by paul.mitchell1984]
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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The answer is 2 working days.
AFAIK, Nationwide will be enabling faster payments by March (so they tell me).
http://www.nationwide.co.uk/faster_payments/default.htm
quote:
We are currently rolling out this service to FlexAccount customers and aim to be completed by the end of March 2009
[Edited on 29-01-2009 by Sam]
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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Nationwide suck imo. I'm only with them as i've had my flex account for 6 years and it looks good on the credit ratiing
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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quote:
Originally posted by Alex.S
Nationwide suck imo. I'm only with them as i've had my flex account for 6 years and it looks good on the credit ratiing
+1
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Matt L
Member
Registered: 17th Apr 06
User status: Offline
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I got the account as it was free to use abroad rarely use it but i want to live on a budget for the next few months so usingthat account instead of my main one
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paul.mitchell1984
Member
Registered: 31st Aug 06
Location: Wakefield
User status: Offline
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bit more info on here if aybodys intyereted
http://www.vocalink.com/en/PaymentProcessing/Faster%20payments/Pages/FasterPayments.aspx
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