Hi all,
I recently withdrew my money from Northern Rock by electronic transfer to AIB.
In the past, such transactions would always come up as leaving my Northern Rock account on a certain day and would appear as lodged to my AIB account 2 days later (i.e if it left NR on a Monday it would appear in AIB on Wednesday morning).
In this particular case, the money left my NR account on Wednesday, 19th Oct. I didn't check my AIB account on the Friday but when i checked it on the Saturday morning the money had been lodged into the account. However, the date that appeared beside the lodgement was Monday (24th Oct) - still 2 days away! Am i right to assume that the money was transferred to AIB on the Friday as they don't do business on a Saturday. Also, as this was quite a considerable amount of savings, is it possible that they deliberately delayed processing it to avoid having to pay interest for the few days over the weekend.
I have no problem if i takes that long for the transaction to be processed but it seems strange that the money can appear in my online account on a Saturday but not be credited to the account (so as to gain interest) until the following Monday.
Any clarification on this would be much appreciated.
Thanks,
Caoimhe