ChatterBank8 mins ago
Transferring funds (when will it clear?)
5 Answers
I pay my Credit card bill via transfer on the internet (I'm with Lloyds) although the funds leave my account the next day, the money doesn't register with Capital One until 4-5 days later. My dad has transferred some money into my account (lucky me) that was Tuesday and it's still not clear....when will I be able to get my hands on it. BTW I can't see it in the system, but then that's the same as BACS payments, they do not show until the funds are available to the account holder.....acutally does anyone know where I can get comprehensive information about clearing times and payment options, as Lloyds staff don't have a clue!!!!
Answers
Best Answer
No best answer has yet been selected by Nelli. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I think "comprehensive information" could only come from your bank, possibly on its website where you do your online banking - and it's surprising that Lloyds staff shouldn't be able to help you. But generally online payments are credited to the payee a/c two days after the payment - ie online payment Monday, credited Wednesday. BUT remember, banking days finish early, at about 3/30pm, and any payment after that will count as on the next day; AND weekends and bank holidays don't count - so a payment made at 6/0pm on the Wednesday before Good Friday/Easter Monday won't be credited until the following Wednesday.
Have a look here
http://www.apacs.org.uk/about_apacs/htm_files/figu
res.htm
res.htm
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