Normally if its done on the morning between these accounts its there the next day without fail.
Banks cannot hold on to customer funds. They are legally obliged to credit a customer's account on the buisness day that they receive the funds.I do banking with PTSB and I have to say that they are reverting back to the 1980’s style of banking. I used to be able to lodge a cheque and it would clear that day. Now the same cheque takes 5 full days to clear. I have a bet365 account if I want to lodge into my PTSB a/c it used to be in the next day now it takes 3 days. It is a sure sign that a bank is in distress if it is holding onto funds that the counterparty has released.
Banks cannot hold on to customer funds. They are legally obliged to credit a customer's account on the buisness day that they receive the funds.
I do banking with PTSB and I have to say that they are reverting back to the 1980’s style of banking. I used to be able to lodge a cheque and it would clear that day. Now the same cheque takes 5 full days to clear. I have a bet365 account if I want to lodge into my PTSB a/c it used to be in the next day now it takes 3 days. It is a sure sign that a bank is in distress if it is holding onto funds that the counterparty has released. . As for the European Central Bank clearing system being closed I was amazed that they even mentioned it. What they were admitting was that they do not have the funds to clear items without the support of the E.C.B. If they had the funds it wouldn’t matter who was closed they could do it independently using another clearing system.
Rubbish, I did an experiment on Wednesday morning; withdrawal from bet365,09.35 - 500 euros to boi, arrived Thursday
09.36- 500 euros to ptsb, still waiting Sunday night
09.37- 500 euros to aib, arrived Thursday evening
09.38- 500 euros to ulster, arrived Thursday
As it is a bank holiday Monday would expect it Tuesday , but I will let you know
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