Paul TigerB6
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| posted on 14/8/08 at 10:47 AM |
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Electronic bank transfers - issues
Hi all,
Feeling very very pee'd off at the moment regarding electronic bank transfers that fail to arrive. The bank quoted 3 days for a transfer to my
account which was also confirmed by my own bank as the standard time but yet i am now on day 4 and still no transfer!! 
Ok this might not sound bad at all and i should be patient but i am currently out of work so very short of money and the transfer relates to an
outstanding payment for parts sold 6 weeks ago!! A previous transfer for the full amount was apparently returned to the buyer so a cash sale was
agreed only for me to not get the full amount at a race meeting where i travelled 170 miles round trip (allbeit with free tickets supplied by the
buyer) where i delivered the parts and am now nearly 2 weeks on without the outstanding balance of nearly £100 which i did on trust!! Needless to say
i am very annoyed at the whole situation!!! 
Has anyone else had issues with electronic transfers at all??? This whole situation has now left me feeling very bitter.
Paul
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ravingfool
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| posted on 14/8/08 at 10:50 AM |
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Are you certain the transfer has been made the other end?
I thought most of the banks had now introduced a one day electronic transfer? I've certainly never had any problems with them, always used to
be 3 days like clockwork but I understand they're mainly on 1 day transfers now.
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andyharding
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| posted on 14/8/08 at 10:51 AM |
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The buyer has been nothing but unreliable in getting the money to you and yet you assume it's the bank to blame for a slow transfer. My guess
would be the buyer never did the transfer or did it late rather than the banks have screwed up. Also, it's 3 working days so if there was a
weekend in the middle it would longer.
Are you a Mac user or a retard?
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Paul TigerB6
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| posted on 14/8/08 at 11:11 AM |
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Transfer was done last Friday morning whilst i was on the phone so as sure as i can get. Counting Monday as day 1 rather than Friday means at least
the 4th working day today.
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02GF74
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| posted on 14/8/08 at 11:51 AM |
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electronic transfers - the technology is there so it can be done in milliseconds, makes you wonder who has the money for the 3 days!!?
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Paul TigerB6
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| posted on 14/8/08 at 11:53 AM |
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quote:
Originally posted by 02GF74
electronic transfers - the technology is there so it can be done in milliseconds, makes you wonder who has the money for the 3 days!!?
All that money "in transfer" earning interest - all contributes towards the billions in profits they make no doubt!!
[Edited on 14/8/08 by Paul TigerB6]
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BenB
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| posted on 14/8/08 at 12:37 PM |
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We recently had a problem at work where money was sent to us via BACS but our bank held it in a "holding account" (ie the avoid paying
interest account) for longer than they should have. Hence the other party said they'd paid and yet even 5 days later (until we kicked up a fuss)
the bank refused to accept that they'd been sent any money....
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owelly
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| posted on 14/8/08 at 01:25 PM |
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The banks I deal with say the cash will be transferred the same day if it's done before 11am. However, the accounts the cash goes to can take up
to a week to register it!!! I found this out when we transferred £13000 from an internet account into a current account to go and buy a car. There was
no other way to get the cash out of the account other than use a cheque book or transfer the cash direct to the dealers account!!
http://www.ppcmag.co.uk
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Paul TigerB6
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| posted on 14/8/08 at 02:08 PM |
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I'll give my bank a call this evening if nothing registers online later then. I chased the supposed first payment 3 weeks ago and they confirmed
then it should show on my account after 3 days so i'm not hopeful!!
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Paul TigerB6
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| posted on 14/8/08 at 02:11 PM |
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Well flippin 'eck!!! I'm gobsmacked!! The bank's ears must have been burning as the cash has registered in my account within the
last 15 minutes!!!!
I'm a happy bunny again now!!!  
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Paul TigerB6
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| posted on 14/8/08 at 02:11 PM |
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Well flippin 'eck!!! I'm gobsmacked!! The bank's ears must have been burning as the cash has registered in my account within the
last 15 minutes!!!!
I'm a happy bunny again now!!!
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Confused but excited.
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| posted on 14/8/08 at 04:46 PM |
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For future reference.
I had the same problem trying to send some money to my son.
The bank wanted £20 to effect a transfer of £100!  . They told me it could take 24hours or more.
I asked why, when it was all done electronically on the same main frame computer and if they were going to charge me £20 then it had better happen in
real time.
Finally took two hours. Why?
Point to remember:
If you do it at the Post Office it only costs £12 and transfer to the recipients Post Office is guaranteed in 10 minutes
Fecking Banks
[Edited on 14/8/08 by Confused but excited.]
Tell them about the bent treacle edges!
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