"BobC" wrote in message
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On 15 June, 03:21, "robgraham" wrote:
wrote in message

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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.

If you're referring to the new faster payment scheme, then how long it
actually takes depends on whether *both* banks/BSs are part of it. If they
are, then it's generally about an hour or so. If not, then it's up to 4
days.

Rob Graham- Hide quoted text -

- Show quoted text -

Nationwide isn't yet on the Faster Payments Service. That means
transfers to a Nationwide account go via the normal BACS route.

I was wondering that - they sent me a leaflet a few months ago saying they
"plan" to have it available on all Flex accounts by June.

--
Andy