16-11-11, 05:06 PM
I use Lloyds TSB and an internet banking transfer from one LTSB account to another is instant. They have recently changed there system for transfers to other banks too so where it used to take 4 working days for a transfer from my account to appear on an account at a different bank, it now takes about 3 hours.
It did backfire on me a couple of months ago though. I have a Direct Debit for my electricity bill that came out of my account on the 16th. As I'm paid on the 15th of the month that was fine. This time they tried to take it on the 14th of the month and the bank bounced it (and charged me £20 for the priviledge) so I phoned the electricity company to see why they had tried to take it 2 days early. It turns out that it has always been requested on the 14th but the bank took 2 days to pay it. Now they've speeded up their system they tried to pay it immediately, a day before my salary was paid in.
It did backfire on me a couple of months ago though. I have a Direct Debit for my electricity bill that came out of my account on the 16th. As I'm paid on the 15th of the month that was fine. This time they tried to take it on the 14th of the month and the bank bounced it (and charged me £20 for the priviledge) so I phoned the electricity company to see why they had tried to take it 2 days early. It turns out that it has always been requested on the 14th but the bank took 2 days to pay it. Now they've speeded up their system they tried to pay it immediately, a day before my salary was paid in.