Bank Transfers

So the Office of Fair Trading has finally acknowleged that in this technological age of electronic fund transfers, it should not take financial institutions 5 working days to move money around.

OFT’s statement says: “The new clearing service will provide at least same day or next day clearing depending on the time of day the payment is initiated.”

It’s about bloody time!

Full details at OFT web site.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s