Internet banking


S

Steve Leyland

Can anyone please explain exactly why a payment from my bank using their
internet banking service takes so long?
There -is- actual CASH in the account, no cheques waiting to clear, no
overdraft.
Yet when I click to make an online bill payment, instead of funds being
instantly transferred, it takes 5 working days FFS :-/
Surely in this age of technology there can be no excuse for this, there are
no pieces of paper to be transferred between banks anymore.

--
Steve Leyland
mhm32x16 Smeeter#24
flower: three 6 four 9 five 8 eight 9
Alcatroll Labs Inc (bongwater maintenance dept)
http://www.insurgent.org/~alcatroll/

=^MEOW MEOW ARMY^=

Education is an admirable thing, but it is well to remember from time to
time that nothing worth knowing can be taught. - Oscar Wilde

http://www.freetommychong.org/

In a free society, a man should be free to do as he chooses so long as he
harms no-one. It is our firm belief that Mr. Chong has harmed no-one, and is
being unfairly targeted for prosecution because of his celebrity status. In
short, "this sucks", and we won't stand for it. Join our movement to stop
this travesty of justice! If you won't stand up for Tommy Chong, who will
stand up for you when YOU'RE being unfairly imprisoned??
=====================================================================
"Warning to all:
Steve Leyland is a trolling twat of the highest order. Killfile the muppet
now and move on.
Even the briefest of searches on his past UseNet posts will reveal the
truth. You have been warned.
*plonk*"

Bastard Bear, uk.rec.motorcycles
======================================================================
"This sig is an abomination of all that is good and right about usenet.
Do the entire world a favor and REMOVE YOURSELF FROM USENET ALTOGETHER,
DUMBASS."

miguel, soc.singles
======================================================================
"I went to the Garden of Love,
And saw what I never had seen;
A Chapel was built in the midst,
Where I used to play on the green.

And the gates of this Chapel were shut
And "Thou shalt not," writ over the door;
So I turned to the Garden of Love
That so many sweet flowers bore.

And I saw it was filled with graves,
And tombstones where flowers should be;
And priests in black gowns were walking their rounds,
And binding with briars my joys and desires."

William Blake.
======================================================================
"Until the philosophy which holds one race superior and another inferior is
finally and permanently discredited and abandoned;
until there is no longer any first-class and second-class citizens of any
nation;
until the color of a man's skin is of no more significance than the color of
his eyes;
until the basic human rights are equally guaranteed to all, without regard
to race
-- until that day, the dreams of lasting peace and world citizenship and the
rule of international morality will remain but a fleeting illusion, to be
pursued but never attained."

Haile Sellassie.
======================================================================
"First they came for the Communists, and I didn't speak up, because I wasn't
a
Communist. Then they came for the Jews, and I didn't speak up, because I
wasn't
a Jew. Then they came for the Catholics, and I didn't speak up, because I
was a
Protestant. Then they came for me, and by that time there was no one left to
speak up for me."

Rev. Martin Niemoller, 1945
======================================================================
"When the Earth has been ravaged and the animals are dying, a tribe of
people from all races, creeds and colours shall put their faith in deeds,
not words, and make the land green again.
They shall be known as Warriors of the Rainbow, protectors of the
environment."

Native American prophecy


|\ _.-'~~""'~`'~)
/, ~-,__,,,.'~ ,-;;--''
|,4) ./ ' ; ;/'
'-~~;'@ ( ; ;
_.--'' _.-_..' .;.'
(,_..----''' (,..--''

Meow
 
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A

Adrian Boliston

Can anyone please explain exactly why a payment from my bank using their
internet banking service takes so long?
There -is- actual CASH in the account, no cheques waiting to clear, no
overdraft.
Yet when I click to make an online bill payment, instead of funds being
instantly transferred, it takes 5 working days FFS :-/
Surely in this age of technology there can be no excuse for this, there are
no pieces of paper to be transferred between banks anymore.
It uses BACS which should take 2 working days eg send money monday, money arrives
wednesday.

I have had some payments arrive "next day" for utility bills however, so perhaps
these get sent in bulk via CHAPS.
 
P

Paul Rooney

Can anyone please explain exactly why a payment from my bank using their
internet banking service takes so long?
There -is- actual CASH in the account, no cheques waiting to clear, no
overdraft.
Yet when I click to make an online bill payment, instead of funds being
instantly transferred, it takes 5 working days FFS :-/
Surely in this age of technology there can be no excuse for this, there are
no pieces of paper to be transferred between banks anymore.
It's mind-boggling - but not all banks are as bad. Check out the
competition. I have a feeling that some physical transaction still has
to take place, and you have to wait until it does. Lloyds used to
allow instant transactions between certain accounts.
And while we're on the subject - what's all this 'working days' cr*p?
*Every* day is a working day, isn't it? Why do their systems slow down
at the weekend?

--
Paul
My Lake District walking site (updated 29th September 2003):
http://paulrooney.netfirms.com

Please sponsor me for the London Marathon at:
http://www.justgiving.com/london2004
 
S

Serial Comms Sucks

Steve Leyland said:
Can anyone please explain exactly why a payment from my bank using their
internet banking service takes so long?
There -is- actual CASH in the account, no cheques waiting to clear, no
overdraft.
Yet when I click to make an online bill payment, instead of funds being
instantly transferred, it takes 5 working days FFS :-/
Surely in this age of technology there can be no excuse for this, there are
no pieces of paper to be transferred between banks anymore.
Perhaps your bank is using Demon for their company networks?
--
Steve Leyland
mhm32x16 Smeeter#24
flower: three 6 four 9 five 8 eight 9
Alcatroll Labs Inc (bongwater maintenance dept)
http://www.insurgent.org/~alcatroll/

=^MEOW MEOW ARMY^=

Education is an admirable thing, but it is well to remember from time to
time that nothing worth knowing can be taught. - Oscar Wilde

http://www.freetommychong.org/

In a free society, a man should be free to do as he chooses so long as he
harms no-one. It is our firm belief that Mr. Chong has harmed no-one, and is
being unfairly targeted for prosecution because of his celebrity status. In
short, "this sucks", and we won't stand for it. Join our movement to stop
this travesty of justice! If you won't stand up for Tommy Chong, who will
stand up for you when YOU'RE being unfairly imprisoned??
=====================================================================
"Warning to all:
Steve Leyland is a trolling twat of the highest order. Killfile the muppet
now and move on.
Even the briefest of searches on his past UseNet posts will reveal the
truth. You have been warned.
*plonk*"

Bastard Bear, uk.rec.motorcycles
======================================================================
"This sig is an abomination of all that is good and right about usenet.
Do the entire world a favor and REMOVE YOURSELF FROM USENET ALTOGETHER,
DUMBASS."

miguel, soc.singles
======================================================================
"I went to the Garden of Love,
And saw what I never had seen;
A Chapel was built in the midst,
Where I used to play on the green.

And the gates of this Chapel were shut
And "Thou shalt not," writ over the door;
So I turned to the Garden of Love
That so many sweet flowers bore.

And I saw it was filled with graves,
And tombstones where flowers should be;
And priests in black gowns were walking their rounds,
And binding with briars my joys and desires."

William Blake.
======================================================================
"Until the philosophy which holds one race superior and another inferior is
finally and permanently discredited and abandoned;
until there is no longer any first-class and second-class citizens of any
nation;
until the color of a man's skin is of no more significance than the color of
his eyes;
until the basic human rights are equally guaranteed to all, without regard
to race
-- until that day, the dreams of lasting peace and world citizenship and the
rule of international morality will remain but a fleeting illusion, to be
pursued but never attained."

Haile Sellassie.
======================================================================
"First they came for the Communists, and I didn't speak up, because I wasn't
a
Communist. Then they came for the Jews, and I didn't speak up, because I
wasn't
a Jew. Then they came for the Catholics, and I didn't speak up, because I
was a
Protestant. Then they came for me, and by that time there was no one left to
speak up for me."

Rev. Martin Niemoller, 1945
======================================================================
"When the Earth has been ravaged and the animals are dying, a tribe of
people from all races, creeds and colours shall put their faith in deeds,
not words, and make the land green again.
They shall be known as Warriors of the Rainbow, protectors of the
environment."

Native American prophecy


|\ _.-'~~""'~`'~)
/, ~-,__,,,.'~ ,-;;--''
|,4) ./ ' ; ;/'
'-~~;'@ ( ; ;
_.--'' _.-_..' .;.'
(,_..----''' (,..--''

Meow

--
___ _ o _ ____ _ _ _ _ _ __ _ _
))_) __ ))_ _ _ _ __)) )) ))_ __ ))`)`) ___ )L __ __ )L`___ )) ))
((__)(('((`( (( ((\( ((_( (( ((`( ((' ((,(,' ((_( (( (('(| (( ((_( (( ((

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

The very best from Alcatroll Labs Inc and Snuh Technologies: since 1986.
 
K

KotF

Reverend said:
If the payment is going to the same bank it will be instantaneous.
Unless it's Alliance and Leicester, in which case it still takes a day to
"clear".

KotF
 
A

Adrian Boliston

I agree with this. Most banks now open for at least a few hours on a
Saturday, so they clearly are working. The Royal Mail has finally classed
Saturday as a working day, so why can't the banks?
Surely it's down to BACS rather than the individual banks themselves, as BACS
control the transfer process.
 
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P

Phil Deane

Steve said:
Can anyone please explain exactly why a payment from my bank using their
internet banking service takes so long?
There -is- actual CASH in the account, no cheques waiting to clear, no
overdraft.
Yet when I click to make an online bill payment, instead of funds being
instantly transferred, it takes 5 working days FFS :-/
Surely in this age of technology there can be no excuse for this, there
are no pieces of paper to be transferred between banks anymore.
Its the bank making some extra money on interest, if they did it instantly,
you interest would go down, or charges would go up to compensate for it.

5 days to most people only matters when they are going to be late with the
payment...
 

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