Subject: Re: International transfers of cash

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Subject: Re: International transfers of cash

Posted on: Sat, 26 Jul 2008 12:13:45 +0200

On Sat, 26 Jul 2008 11:06:08 +0100, "nightjar" here>.me.uk> wrote:

>
>"Martin" wrote in message
>news:rigk841dor6tgtdhd1cjgddb0kcderdkfp@4ax.com...
>..
>>>Sending from the UK I still have the choice of
>>>three day or same day transfers, with a premium for the latter, except
>>>where
>>>payment is between two account holders in the same bank group. The
>>>difference should disappear when the faster transfers are fully rolled
>>>out.
>>
>> Sending to where? Within the UK transfers between HSBC accounts in any
>> branch
>> have been instantaneous ever since I have banked with them.
>
>That is what I said.

Me too :o)

>However, I also routinely pay suppliers across Britain
>and abroad by electronic transfer. They are not all with HSBC and several
>have yet to fully implement the new procedures, so not all can accept
>same-day transfers.

As understood it, the banks had to remove software that blocked instantaneous
transfers. The only delay we have now is that foreign transactions from NL are
collected together and transmitted in the evening. The same thing used to happen
in Italy, local bank to bank transactions were collected together, this allowed
one to take the maximum amount allowed by your debit card once from each bank
via ATMs. Good if you needed more than your allowed amount bad if your card was
stolen.
--

Martin

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