Bank transfers are too slow, why do cheques take so long?
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Bank transfers and cheques
n the slim chance that the money I transferred might appear today, I asked them at what time the transfers are received. They said midnight. Then I asked, is that considered to be today or tomorrow? Of course, it was tomorrow!
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This is the second time I've been charged a penalty fee thanks to inefficient banking systems and I'm fuming about it. I paid the balance on my Nationwide credit card 3 days ago, but checking online I see that it hasn't arrived there yet.
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| 09-1-2008 | Online banking is a nightmare when it comes dealing with logging on or calling the remote call centre. The banks have made online banking completely un-user-friendly with questions when you call that tax the mind and which are vastly more complicated than "who wants to be a millionaire": m...more | Security Test Failure |
| 09-1-2008 | What really gets my back up is the time taken to transfer funds from one account to another.
Why, if you are using the internet banking service, does it take 4 working days to move your money? Why isn't it instantaneous?
I'll tell you why. Once the banks get your money by whatever mea...more | Make the Banks Pay |
| 09-1-2008 | As simple as that bankimg system here is obsolete. Even in Poland when You will do transfer before 09:30AM it will reach its destination at 12:30 THE SAME DAY!!!!! The rest of time banks are STEALING interest from YOUR money!!!!!! that is the Truth! | pissed off! |
| 14-7-2007 | The trouble is you the customer, because the banks keep selling to you people, and you keep buying! Whilst this keeps working the banks won't change. If you keep buying products, like mortgages with massive fees attached, they'll keep selling to you until kingdom come. There used to be no mo...more | Chris |
| 03-7-2007 | I was called a "stupid B***h" by a girl at NATWEST telephone banking!!!! the Chairman could not be bothered to call me - and Michael Duncan in his office has just insulted me again today by offering me £250. Ihave a copy of the transcript. Should I call the press???? I am claiming co...more | Insulted by NAT WEST |
| 07-5-2007 | The Nationwide building society [former Co-operative building society] is run by a clique, a boardroom of self-appointed croneys. There's no real democratic process in the Nationwide. Members' bank? Huh! That was 70 years ago. There's no mutuality in money anymore.
Changing banks? You...more | Banking is Bonkers |
| 03-5-2007 | I take some comfort in finding that Im not the only one dis-satisfied with the nationwide.Ive just p got my branch to print a check out from a savings account and deposit it in my current account.Then I find that I cant draw on it until it has cleared.Whats that all about.The dont pay me interest fr...more | andy j |
| 03-5-2007 | No matter WHAT bank you have, they all have ONE thing in common,, "SHAREHOLDERS".
They are the one coining it in with all these ILLEGAL charges. For christ sake, we are in the 21st century, and you still have to rely on snail mail to pay things.
Direct debit is ALSO a rip off, yes i...more | Brian |
| 01-5-2007 | It's all about money. The three to five days they take to transfer your funds is in their account on which they gain interest, billions each year, for damn all. Ever seen a poor banker? It's simple plain robbery. | Outsider |
| 01-5-2007 | This one's quite interesting actually. Things don't seem to have moved on at all in recent years. With electronic fund transfers and automatic clearing, you'd think that all this could be done at the push of a button. Why the three to five day wait then? Can someone on the inside wit...more | Matty |
| 01-5-2007 | How is changing banks going to help? They all rely on the same useless electronic payment system that takes 5 working days to move your money! They all charge fees for late payments even if it's their fault. Please tell me where the mythical alternative bank is that doesn't have these proble...more | mtspark |
| 01-5-2007 | Yes change your bank. Why should you put up with the service when you can easily go elsewhere? By the way, don't even go close to Natwest or Lloyds, they have THE worst customer service anywhere! | BaRnEy ThE MoNsTeR |
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