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Old June 15th 09, 08:28 AM posted to uk.finance
Ronald Raygun
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Posts: 5,208
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...


Why don't you want it to arrive before Tuesday? It seems most odd that
anyone would actually *want* money to sit in transit for at least a day!

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