When I transfer between my PTSB current account and Rabo/NR (either way) it usually takes 3-4 working days for the money to appear. I did a transfer from my UB current account to PTSB yesterday afternoon and the money was in my PTSB account this morning. Any reason this should have happened so quickly?
... I've done transfers first thing in the morning from PTSB to other destinations and they always take 3-4 working days to clear (and the online banking does say this up front). Bill payments are the same. Even a PTSB VISA bill payment from my PTSB current account takes the usual 3-4 days! I'm just curious as to why things seem to be so much quicking going from UB to PTSB? I haven't yet tried PTSB to UB for comparison purposes.You must have done the transfer before their cut off time for next day value date on transfers from one bank to another, that would explain why.
I don't think that this is the explanation.That would be the explanation, that you did the transfer before the cut off time for it to hit the account today.
I wasn't doing UB to Rabo.Rabo direct might be that bit slower to hit, ring them to ask if you do the transfer before the cut off time with UB why does it take so long when it should be next day.
The main question is why is PTSB to other accounts so slow compared to UB to other accounts?
Thanks. OK - maybe PTSB bill payments and transfers to external accounts simply aren't electronic transfers after all and hence the delay?
Same here. I did an online transfer from UB to PTSB on Friday morning and it appeared on PTSB that evening but dated 5th June. However the nominal and available balance on the account included the transferred amount so this should mean that I could withdraw it without going overdrawn.I'm won't bother uploading another screencap, but earlier this evening, i.e. at about 9:30pm on Saturday 2 June, my BoI MasterCard account online was already displaying an entry thanking me for the receipt of my monthly balance — by DD from my BoI savings a/c on 5 June. Nice of them, considering the necessary funds aren't there yet, and won't be until after I physically lodge them at 10am on Tuesday morning!
PTSB are pretty slow with this kind of thing. A couple of times I've been late paying my Visa bill (TSB to TSB) because of this. They waived the charges when I complained about the ridiculous 3-4 days.
Maybe they're sitting on the money for as long as they can get away with it. How many millions are in this kind of limbo every day, I wonder, earning money for the bank?
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