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On reflection, we might be talking about different things here. Can you use this Faster Payments service to transfer money to any bank account, like to a friend
by tom_mellior 10y ago
On reflection, we might be talking about different things here. Can you use this Faster Payments service to transfer money to any bank account, like to a friend? It reads like this might only be meant for instantaneous payments to merchants. Those services exist elsewhere as well, yes.
- Symbiote 10y agoFaster Payments is certainly used for transfers between individuals, like between friends and family. That website was mostly for the banks, sending money between friends is listed on a bank's site [0]. There's a mobile phone-base service, called PayM [1], which uses Faster Payments. I don't think it's used much, but the systems in Sweden (Swish) and Denmark (Mobilepay) are pretty much the same and are used a lot, probably the majority of payments to friends, and at least 25% of payments to small businesses. [0] http://www.halifax.co.uk/onlinebankinghelp/fasterpayments.asp http://www.halifax.co.uk/onlinebankinghelp/fasterpayments.as... [1] http://www.paym.co.uk/ http://www.paym.co.uk/ or http://www.halifax.co.uk/aboutonline/things-you-can-do/pay-a-contact/ http://www.halifax.co.uk/aboutonline/things-you-can-do/pay-a...