"brightside S9" wrote in message
...
On Mon, 15 Jun 2009 03:21:02 +0100, "robgraham"
wrote:


wrote in message
...
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.

And if the amount transferred is below any limit the transmitting bank
/BS has imposed for the faster payment. e.g A&L have a £250 limit.

What a pathetic limit.

tim