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bank transfer time
(3 posts, closed, started )
bank transfer time
hi there was just wondering how long this payment would take to arrive, please help me out:

HSBC standard online payment of £120 to a Halifax expresscash/cardcash account. If it was done today at about 8pm, when do you think i would get the money.

Thanks a lot for looking at the thread,
Harjun.
It really depends on the bank and other things. General policy here is the money will be transferred withing the 'business hours' of the 'business day'. So if it was place 8pm today it would be transferred tomorrow at 9am. (Business hours are typically 9am to 5pm). But if it was on 8pm Saturday, it would have taken until 9am this morning...

Also a catch a lot of banks have, that I've noticed, is they will hold the money until the check clears. Meaning, they give you the first $100 of the check, but the remainder will be held for two days, three days sometimes a full week before it 'clears'. Like I said though - this depends greatly on the bank policy. I've seen that transferring stuff online from my savings account to checkings account happens within the business hours, but I can initiate the transfer anytime. Since both accounts are with the same bank I do not need to wait for things to 'clear;.

I don't know the general rules of thumb over on that side of the puddle though.
if you do the "make a payment" option online with HSBC, just before you actually confirm to send the payment to the account it will either tell you "within 2 hours" or it will say "within 2 - 3 business days". or "up to 5 business days"

Closing this now.. its not exactly an "LFS Forum" thing....
This thread is closed

bank transfer time
(3 posts, closed, started )
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