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Old June 15th 09, 07:34 AM posted to uk.finance
MrCheerful
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Posts: 89
Default Payment question / New clearing times

l wrote:
Hi - I have sent a payment from Nationwide to a small building
society by Nationwide's one-off transfer (standard, no charge). I
know the clearing process of electronic funds has changed recently
and so am not quite sure of what happens in the following...

If I have sent the funds this evening (Sunday night) and with it
displaying as having left my account already with Monday's date on
it, what is the earliest that the payee would receive the cleared
funds? Nationwide says something like "should reach" the payee within
2-3 working days, but if it leaves tomorrow (Monday) and gets there
tomorrow, will it still take at least 2 working days to clear? Sorry
to be a bit techy, but I just want to make sure it doesn't clear
before Tuesday...

Thanks for any help.


it will be cleared funds and available to withdraw as soon as it hits the
other account.


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