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Is "faster" payments at banks slow at the minute?

ryouga Avatar
7y, 5d agoPosted 7 years, 5 days ago
Sent my landlord a rent payment Thursday by faster payments, he claims it hasnt been recieved yet despite my bank saying it was sent faster payments and his bank having faster payments system too.

Also send another payment from a different account at a different bank on Saturday that hasnt seemed to be recieved yet, also someone sent me a payment from a faster payments bank and i havent recieved.

Any ideas?
ryouga Avatar
7y, 5d agoPosted 7 years, 5 days ago
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#1
i thought the same at the weekend when one of my payments wouldnt go through , also been told by the bank that over a grand cannot be a faster payment. dunno if they have lowered the limit now
#2
Faster Payments is an industry-wide initiative that means when you send money from your current account, you’ll no longer have to wait three days for it to transfer between banks. Instead, [COLOR="Red"]MOST [/COLOR] payments to and from your account will happen almost right away.

so its MOST not all.., well that what it say's in term's and conditions with my bank..,
#3
Send youself a payment or open an new electron account or something useful - takes about 2 days here with Scottish clearing. Your bank - telephone or internet should advise date cleared. A landlord would love you to pay twice or earlier, even - don't you think?
#4
Each payment was under £100(£100 exactly for one)
#5
The new Faster Payments Service
You can now make payments in Sterling in a matter of hours rather than days. Faster Payments is now available for one-off payments through our Telephone Banking and Internet Banking services.

Faster Payments is an industry-wide initiative that means when you send money from your current account, you’ll no longer have to wait three days for it to transfer between banks. Instead, most payments to and from your account will happen almost right away.

The Faster Payments Service will run alongside existing payments systems and similar payment limits will apply.

The majority of payments processed by the Faster Payments Service will be accepted by the receiving bank almost immediately. In most cases the money will have cleared and will show on the recipient’s bank account within a couple of hours. However, as other banks process their payments differently we can’t guarantee when this money will be credited to the recipient’s account.

Some payments such as utility bills, credit cards or payments to business accounts may still take a few days to reach the account, so it’s worth allowing yourself 3 to 4 working days to make sure the payment is received on time. Please note that some banks and building societies have not implemented Faster Payments yet so if you are making a payment to one of them, it will always take up to four working days.

To take full advantage of Faster Payments, register and make your payments through our Internet and/or Telephone Banking services.
#6
Does you landlord A/C accept Faster Payment..,
#7
flp14344
Does you landlord A/C accept Faster Payment..,


I dont know but his bank does and he has a current account, I assume a business one.
#8
the a/c holder has to have an option to receive and pay the faster payments.., if not it will take normal time..,
#9
So im guessing money has been sent then?, Just to say my account recieves fast payments as done quite a bit before:thumbsup:
#10
flp14344
the a/c holder has to have an option to receive and pay the faster payments.., if not it will take normal time..,


I'd assume he does since he was complaining that all his other rent payments received arrived same day.
#11
michaelanderson
So im guessing money has been sent then?, Just to say my account recieves fast payments as done quite a bit before:thumbsup:


Cheers, you were the one I was talking about for the weekend, I assumed you would reply that you got it.
#12
ryouga
Cheers, you were the one I was talking about for the weekend, I assumed you would reply that you got it.


Phoned my bank earlier as had to sort something out about tesco:roll: They said no payment was pending and payment should be in my account by now if it was done by faster? Will have to wait and see tommorrow
#13
michaelanderson
Phoned my bank earlier as had to sort something out about tesco:roll: They said no payment was pending and payment should be in my account by now if it was done by faster? Will have to wait and see tommorrow


Was that the Left4Dead2 thing?
#14
ryouga
Was that the Left4Dead2 thing?


Yeah
banned#15
I sent one on friday and it took until monday morning. Phoned up on saturday afternoon and was told barclays and also HBOS had a problem with FPS
#16
Still nothing recieved today, Will leave for another day and see

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