I put money into my bank to pay my credit card. This was cash...and it takes Nat West 5 days to put it through my account. If i put money in my savings account it is there straight away. What happens to the money when it's in no mans land waiting to be processed.. and the interest????
2006-07-26 23:46:45 · 5 answers · asked by Chrisey 4 in Business & Finance ➔ Personal Finance
I would ask them for a full explanation in writing. Write to them and ask for this. Ask them for a breakdown of any charges incurred and what reasoning. Check your receipt and make sure the cashier did not make a mistake. If you do not receive a satisfactory answer then write to the bank advising them that you would like to make a formal complaint. They will then acknowledge the receipt of this and advise you of your rights. They then have a set time to deal with your grievance
2006-07-26 23:58:30 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Usually when I lodge a payment with my Halifax account it takes 6 days to appear, unless I lodge cash over the counter. Its ridiculous, I think the bank earns interest on it while it "clears". It's gotten to the point where I just don't trust any bank and I've been with a few, but in our society, without a bank account we can't buy a house, or a car, and we can't get a decent job. I would really like to disappear off the "grid" but I would probably wind up living rough on the street.
2006-07-26 23:55:12 · answer #2 · answered by xenobyte72 5 · 0⤊ 0⤋
My Bank does real time Banking, so when I pay in, it shows immediately. If I pay cash onto my credit card before 4 o'clock, it goes on the same day. And if I pay a cheque into my bank account, it clears immediately so I get interest straight away. My account pays 4% interest. I am with LloydsTSB.
2006-07-27 07:24:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would certainly check this with your bank. I yesterday paid £500.00 cash into my account, she swiped my card and 5 minutes later it was on my account available to draw from the cashpoint. If you have incurred bank charges because your payment was late to your credit card, I would demand a refund of those charges. There is no excuse for the bank to take 5 days to credit cash.
2006-07-26 23:51:37 · answer #4 · answered by jude 6 · 0⤊ 0⤋
Natwest is always slow with everything it took them 10 days to cash a cheuque so i changed banks and no as soon as i pay money in its there avaliable to have 5 mins later and for cheqs take 3 days so much better
2006-07-26 23:53:53 · answer #5 · answered by lyndsay 2 · 0⤊ 0⤋