Money depositing

[simon1]

Just put a bit of money into my bank account today, does anybody know how long it takes to clear in your account? I did it at my branch and in the envelope into the deposit box thingys:) never done in before just the que was massive:ack2:
cheers

[Jamin_00]

Same day at the end of the day if its cash

[Rob O]

If it's cash it should be clear by the end of business today Mate . Rob .

[CookieMan]

Well mate, I use Barclays and they do it everyday at 3pm. If you deposit anytime after that, it gets cleared the next day @3pm.

[David Drew]

Dunno. But they will keep your cash for some time before they let you access it.

Why, when you pay a bill on-line does the money go out of your account immediately - within a few seconds - but take days to get to the payee??


l'd allow 4 days before spending the money.

[simon1]

[quote=David Drew;486632]Dunno. But they will keep your cash for some time before they let you access it.

Why, when you pay a bill on-line does the money go out of your account immediately - within a few seconds - but take days to get to the payee??


l'd allow 4 days before spending the money.[/quote]

Good point:cheers2:

[Mark_T]

[quote=David Drew;486632]Why, when you pay a bill on-line does the money go out of your account immediately - within a few seconds - but take days to get to the payee??.[/quote]

These days it generally doesn't.

As long as you are using a proper bank at both ends of the transaction and the value is less than £10,000 payments clear within a couple of minutes due to the 'Faster Payments' system.

[simon1]

[quote=Mark_T;486640]These days it generally doesn't.

As long as you are using a proper bank at both ends of the transaction and the value is less than £10,000 payments clear within a couple of minutes due to the 'Faster Payments' system.[/quote]

My birthday money is getting nearer too being spent now then:cheers2::hat:

[David Drew]

[quote=Mark_T;486640]These days it generally doesn't.

As long as you are using a proper bank at both ends of the transaction and the value is less than £10,000 payments clear within a couple of minutes due to the 'Faster Payments' system.[/quote]

Sorry. try it.

Pay a bill on-line.

Click on "Pay immediately"

The cash goes out within seconds.

Check with recipient. cash is several days later.

For example.:-

I bank with HSBC. I pay my HSBC C/C on line. I click "Pay immediately" and out it goes:(

I click on my C/C account & it takes days to arrive.

And that's within the same bank:(:(:(

It's a con.

[Mark_T]

[quote=David Drew;486648]Sorry. try it.[/quote]

I do, pretty much daily.

Don't confuse the date that a transaction appears on a statement with the value date of the transaction.

If I pay my Barclaycard bill from my Barclays account, the value applies on the day I make the payment, my Barclaycard account will not show the transaction immediately but when it does appear a day or two later the value date will be the date I made the payment.

Now HSBC cards may not work the same as a Barclaycard, but I can assure you that the background process is happening immediately within HSBC but if the card company part of HSBC decides to delay matters in their own processing then that is something different.

I frequently move money between HSBC and Barclays and the money will leave one account and appear in the other faster than I can log from one account to the other.

[inferno]

Hmmm i hope the deposit box stated cash, generally they are for cheques only...

Post offices allow you to deposit into some acocunts with the paying in slips in your chq book. I can transfer cash to and from my natwest and santander accounts and draw on it instantly :)

[simon1]

[quote=inferno;486655]Hmmm i hope the deposit box stated cash, generally they are for cheques only...

Post offices allow you to deposit into some acocunts with the paying in slips in your chq book. I can transfer cash to and from my natwest and santander accounts and draw on it instantly :)[/quote]

Yeah said cash, just no coinage

[CookieMan]

Don't worry too much about it mate. You do have the confirmation slip with you yeah? (the small bit you tear off after writing all you details, from the envelope, in which you put the money)... It'l be fine Simon. You can sleep well mate :D