Bank Transfer

[clno1]

I made a payment from my Barclay's current account into someone else's HSBC credit card account. How long will it take to go through?

[-SharonA-]

Normally it is the same day, definitely by the next day.

[Fitzer]

Paying a credit card account isn't (I don't think) covered by Faster Payments so may not be next day.

[Buenchico]

If you used online banking, usually within two hours or, at the latest, by the end of the next working day:
https://www.help.barclays.co.uk/faq/payments/payment-information/online-timings.html#back=%2Fways-to-bank%2Fpayments.html%3Fq%3DPayments%26offset%3D20%26origin%3Dhelp.barclays.co.uk%26direct%3Dfalse%26spellcheck%3Dtrue

If you went into a branch, see here:
https://www.help.barclays.co.uk/faq/payments/payment-information/clear-from-account.html

(When reading those links, note that HSBC is part of the 'Faster Payments' group).

[Old_Geezer]

Beware banks. I've just had a letter saying mine are making changes. Too much to read it all and digest it, I can't do much about it anyway, but one of the things that stuck out was that unlike present where money from personal cheques is available immediately (or if a miracle happens and you get interest it will start accumulating it immediately) it will now take 2 to 4 days whilst it is apparently in limbo.

[hc4361]

Cheques have always had a clearing period, OG. I remember when it could take 10 days, so the new system of 2-4 days is much better.
I have never known cheques clear immediately

[Jackdaw33]

I've never done it, but I believe you can get instant clearance of a cheque - for a fee!

[hc4361]

That's true, Jackdaw - it used to be around £20.

[Peter Pedant]

cheques 2-4-6 rule
arrives at other end at day 2
funz available to the payee at day 4
day 6 last day available for payer to cancel

and yes for the eagle eyed - the 246 fraud is where the payee clears his account on day 4 and the payer cancels before day 6
( and both go to prison )

electronic transfer which I dont often do because I am old and I have been cloned should be same day

[Old_Geezer]

The bank letter claims it does, but will not any longer.
Everyone is looking for ways to make more money and offer you less.

[hc4361]

What bank are you with, OG?

[Old_Geezer]

Lloyds

[Old_Geezer]

Although if they don't put more cashiers on at the branch I'm unsure how much longer I will be.