bank transfer question

GJ02 · 8 Oct 2011 at 07:46

Does anyone know, how long it takes to transfer money from a LLoyds TSB account to a HSBC account ?

I thought BT was almost instand ( within a few hours )

Mr Jones · 8 Oct 2011 at 07:48

AFAIK, instantly or up to 2 hours. Have always transferred between them and 90% it's instant, only once it took ~1 hour.

Freakbro · 8 Oct 2011 at 07:49

Up to 2 hours, but generally instantly.

GJ02 · 8 Oct 2011 at 07:54

and this is from lloyds tsb ?

Mr Jones · 8 Oct 2011 at 07:59

From Lloyds to HSBC. From HSBC to Lloyds. 90% instantaneously.

GJ02 · 8 Oct 2011 at 08:02

Mr Jones said:
From Lloyds to HSBC. From HSBC to Lloyds. 90% instantaneously.

hmmm sold something on the mm last night
gave my details, and recieved email this morning saying i many not receive payment for upto 4 working days
just checked online now and no payment :confused:

kylew · 8 Oct 2011 at 08:04

They're not with the co-op are they? They take an age to do bank transfers.

GJ02 · 8 Oct 2011 at 08:04

no lloyds tsb

kylew · 8 Oct 2011 at 08:07

Whoops! Don't know how I missed that.

I've had transfers inward from HSBC banks a few times and they've been instant.

Mr Jones · 8 Oct 2011 at 08:09

You sure the buyer didn't set a date on the transfer by chance or is he on a savings account?

GJ02 · 8 Oct 2011 at 08:12

Mr Jones said:
You sure the buyer didn't set a date on the transfer by chance or is he on a savings account?

i dont know, but if i knew it was going to take upto 4 working days i would have possibly not sold it.

ive mailed him just now, hopefully he will contact me in a bit

Delvis · 8 Oct 2011 at 11:04

I was under the impression it was only instant if it was transfering between the same branch?

Glaucus · 8 Oct 2011 at 11:10

kylew said:
They're not with the co-op are they? They take an age to do bank transfers.

I know, pain in the rear

, but other than that I like them.

You can check sort code on
http://www.ukpayments.org.uk/sort_code_checker/

Funnily enough it says coop is on faster payment system. :confused:

Freakbro · 8 Oct 2011 at 11:18

Delvis said:
I was under the impression it was only instant if it was transfering between the same branch?

No, it's the Faster Payment System Acid mentions above and all (?) the major banks are on it now.

The old style BACS can still take 3 working days afaik, but that doesn't get used as much.

King Damager · 8 Oct 2011 at 11:25

Could have something to do with it being the weekend, but I don't think it is....

Should be instant really...

kd

GJ02 · 8 Oct 2011 at 11:32

Just to update

The buyer has been in touch with me.
A mistake on his part, set up an international transfer and not a UK transfer.
The international transfer has been cancelled and the UK transfer has been recieved in my account.

4Play · 8 Oct 2011 at 11:39

Acid is correct with two banks on the faster payment scheme its either instantaneous or completed within a couple of hours. If the beneficiary bank is not on faster payments however it can take from a few hours up to 3 days ( believe me they are still some out there).

ThundyCat · 8 Oct 2011 at 11:50

Good news for OP.

Thread closed.