ablender
Member of DD Central
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Post by ablender on Dec 19, 2015 16:42:24 GMT
I am still in negative balance and have not transferred yet - not to abuse, just have not made up my mind if I should sell some loans to balance or transfer more. My p2p investment in SS is already a very large percentage of my p2p. I'll make up my mind today. You should really try to clear it the same day. They should deduct you the interest you have earned whilst not clearing the negative balance.  Done it now.
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Post by highlandtiger on Dec 19, 2015 18:30:14 GMT
I didn't manage to send my funds until after 6pm yesterday so was very surprised to see them credited this morning! Snap, sent mine at 6.15pm, and was very surprised to wake up this morning and see I had been credited already
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ben
Posts: 2,020
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Post by ben on Dec 20, 2015 21:38:34 GMT
suppose will have to get my calculator out and see how much I owe them sent two transfers but then did some extra shopping ah well cant be helped
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nush
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Post by nush on Dec 21, 2015 13:34:41 GMT
i paid into my account late friday and still not showing in my account, ive made other payments since as well, my understanding is that if its paid after 5pm on friday it doesnt show in my account until tuesday. is that right
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sam i am
Member of DD Central
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Post by sam i am on Dec 21, 2015 13:38:30 GMT
i paid into my account late friday and still not showing in my account, ive made other payments since as well, my understanding is that if its paid after 5pm on friday it doesnt show in my account until tuesday. is that right That's my understanding. Your payment should arrive with SS today and they will run their reconciliation tomorrow. The payment won't go straight into your account, SS has to put it there.
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mikes1531
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Post by mikes1531 on Dec 21, 2015 13:54:59 GMT
i paid into my account late friday and still not showing in my account, ive made other payments since as well, my understanding is that if its paid after 5pm on friday it doesnt show in my account until tuesday. is that right That's my understanding. Your payment should arrive with SS today and they will run their reconciliation tomorrow. The payment won't go straight into your account, SS has to put it there. And having had £3.5M of PBL073 put into investors' accounts since late Friday afternoon, there should be that much money deposited in SS's account by now to cover those purchases. SS have a bit of reconciling to do!
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,806
Likes: 3,237
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Post by jonno on Dec 21, 2015 14:00:09 GMT
i paid into my account late friday and still not showing in my account, ive made other payments since as well, my understanding is that if its paid after 5pm on friday it doesnt show in my account until tuesday. is that right If that's the case why not make the payment on Sunday (presuming you're earning some interest on the funding account)?
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nush
Member of DD Central
Posts: 396
Likes: 113
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Post by nush on Dec 21, 2015 15:02:08 GMT
i paid into my account late friday and still not showing in my account, ive made other payments since as well, my understanding is that if its paid after 5pm on friday it doesnt show in my account until tuesday. is that right If that's the case why not make the payment on Sunday (presuming you're earning some interest on the funding account)? maybe thats the way forward but im new to this so maybe next time, im now starting to look at other P to P sites and dont want things left unfinished
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Post by uncletone on Dec 22, 2015 10:40:52 GMT
I still don't understand why online banking seems to shut down for the weekend.
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Post by manxfinch on Dec 22, 2015 10:49:02 GMT
I made a deposit with MT on Sunday (ie a 'non banking' day) ... and it was acknowledged within the hour and the funds made available for my immediate use. (Note: I really do like SS so this comparison with MT is in no way meant to be negative but more in the spirit of a helpful 'can do better' tip for SS).
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SteveT
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Post by SteveT on Dec 22, 2015 11:11:20 GMT
I made a deposit with MT on Sunday (ie a 'non banking' day) ... and it was acknowledged within the hour and the funds made available for my immediate use. (Note: I really do like SS so this comparison with MT is in no way meant to be negative but more in the spirit of a helpful 'can do better' tip for SS). I reckon MoneyThing Ed's now trained some of the chickens to do it at the weekend
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ben
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Post by ben on Dec 22, 2015 11:16:46 GMT
I made a deposit with MT on Sunday (ie a 'non banking' day) ... and it was acknowledged within the hour and the funds made available for my immediate use. (Note: I really do like SS so this comparison with MT is in no way meant to be negative but more in the spirit of a helpful 'can do better' tip for SS). you would have thought on a weekend when a big loan had been put up that someone would have done it on a weekend as could be a lot of people buying it with no intention of paying for it
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pom
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Post by pom on Dec 22, 2015 11:23:52 GMT
I made a deposit with MT on Sunday (ie a 'non banking' day) ... and it was acknowledged within the hour and the funds made available for my immediate use. (Note: I really do like SS so this comparison with MT is in no way meant to be negative but more in the spirit of a helpful 'can do better' tip for SS). Be careful what you ask for - If SS were ever able to offer instant reconciliation then they'd no longer have any need to allow us to buy now/pay later.
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sam i am
Member of DD Central
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Post by sam i am on Dec 22, 2015 11:36:52 GMT
I still don't understand why online banking seems to shut down for the weekend. I think it depends on which bank. I have one current account that transfers on the next working day but two others that transfer almost instantaneously at any time of day/night and at weekends.
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pom
Member of DD Central
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Post by pom on Dec 22, 2015 11:52:30 GMT
I still don't understand why online banking seems to shut down for the weekend. I think it depends on which bank. I have one current account that transfers on the next working day but two others that transfer almost instantaneously at any time of day/night and at weekends. It's more than just that - most of the UK banking system is based on really old systems - they can add stuff like internet banking and FPS on top and if they add enough new tech can bypass some of the old (whihc is why we now have the weird scenario where FPS is usually faster than CHAPS), but at the end of the day a LOT of it is all reliant on overnight batch jobs to reconcile all the days transactions. And at weekends they run different stuff, or do maintenance or.... To be honest if our banking system every went truly 24x7 I'd be scared
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