Originally posted by VectraMan
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Reply to: Finally its going to get faster
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Previously on "Finally its going to get faster"
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Originally posted by rootsnall View PostI don't know about 3 days, I went into an RBS branch a week or so back to pay a cheque in from an account with another bank and was told it could take upto 6 days !!! When I asked how come as it was always 3 days I was told it was a recent change for security reasons
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They have been able to do this for donkeys of years anyway. I worked in a payment processing centre for Barclays back in 1999 and once you have entered the payments into the system they are done, we had a priority check box that if checked meant that the payment would be in the customers account in the bank we were sending money to the same day.
The only reason they have been holding back on doing this for everyone was because they get to charge you a £25 fee to do this at present. That's a lot of money they are going to loose if nobody need to make priority chaps payments any more......
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I don't know about 3 days, I went into an RBS branch a week or so back to pay a cheque in from an account with another bank and was told it could take upto 6 days !!! When I asked how come as it was always 3 days I was told it was a recent change for security reasons
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The new, faster, payments service has cost the industry hundreds of millions of pounds to develop and implement, said Sandra Quinn of Apacs.
All they've done is gone to the appropriate screen and changed the "arse about with the customer's money" field from 72 hours to 24 hours. They're making a big deal about this because they're too embaressed to admit just how crap they really are.
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Finally its going to get faster
Finally its going to get faster > http://news.bbc.co.uk/1/hi/business/7267406.stm
Good thing and about time though business banking wont get it for a while longerTags: None
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