4 ms·
Except in the UK, when it's normally transferred within a few seconds, or a maximum of two hours ("Faster Payments").
by xioxox 9y ago
Except in the UK, when it's normally transferred within a few seconds, or a maximum of two hours ("Faster Payments").
- Spare_account 9y agoThe Faster Payment system always tells me that I may have to wait two hours, and then it is instant. Have you ever had one take longer than zero time?
- lmm 9y agoI had one take about 20 minutes, literally once.
- noneeeed 9y agoHah, I love that, I've never had it take more than about 20 seconds. I have accounts with two banks (one for personal, one for joint finance with my wife) and FP makes that so easy to manage, if the joint account needs topping up I can do it in a minute or two on my laptop or phone.
- dazc 9y agoI guess they want to deter people phoning to complain because there is some minor delay in the system? I've had instances where it's taken more than hour, although it usually is as near instant as physically possible.
- xioxox 9y agoNever! Maybe they randomly check suspicious transactions. I had a look for some statistics of the transfer time, but wasn't able to find any public data.
- danielmg 9y agoIt's for agency banks that aren't full FPS members. They have to rely on the full member banks to clear for them - the maximum allowed time for this is 2 hours.