jonah
Member of DD Central
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Post by jonah on Apr 1, 2016 12:21:29 GMT
For me the issue is quite simple; requesting a withdrawal from my holding account on early Wednesday morning, the cash immediately left the account, the cash arrived in my bank account on late Thursday afternoon, this is not acceptable in the world of faster payments. As for RS bank ( I believe Barclays) being the issue, really? Isn't that precisely what the RS website states will happen though? I looked a a small withdrawal from RS this morning and was told it would reach my account on Monday evening, ie the end of the next working day. sure I would like it to be sooner, but they are delivering what they said they would. Also... Technically faster payments doesn't guarantee anything faster than the end of the next working day. Banks might massively improve on that 98% of the time, but the scheme only targets the end of the next working day.
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toffeeboy
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Post by toffeeboy on Apr 1, 2016 14:04:08 GMT
I haven't tried withdrawing money from any of the P2P sites so don't know how long any of them take but I would have thought that the time taken to withdraw funds would be to do with the payment coming from a business account. I know previously when I was involved in paying money out of a business unless you paid a fee for it then the payments took three day payments from the date you processed them.
Paying money in is usually from a personal account and I believe that most now do a 2 hour transfer for no fee which is why money goes into the RS account almost immediately.
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alender
Member of DD Central
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Post by alender on Apr 1, 2016 16:19:46 GMT
I have 2 Barclays Business accounts, for me there is no fee and all of the transfers I have made happen in a few seconds. Also I have found when I transfer funds from Wellesley it happens in a few hours.
It is not the Banks, it is RS choice to take this long.
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spiral
Member of DD Central
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Post by spiral on Oct 27, 2017 10:27:11 GMT
Has anyone had experience of RS withdrawals made on a Friday? Do they arrive Saturday or is the "next day" referring to working days hence it will arrive Monday? I have withdrawn funds on a Sunday before and they arrived Monday which surprised me so wondered if withdrawing today was worthwhile or I might as well wait until Sunday and see what the market does in the meantime.
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wapping35
Member of DD Central
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Post by wapping35 on Oct 27, 2017 12:38:48 GMT
Has anyone had experience of RS withdrawals made on a Friday? Do they arrive Saturday or is the "next day" referring to working days hence it will arrive Monday? I have withdrawn funds on a Sunday before and they arrived Monday which surprised me so wondered if withdrawing today was worthwhile or I might as well wait until Sunday and see what the market does in the meantime. It arrives the next working day. So usually a Friday withdrawal arrives on Monday (ignoring Bank holidays and the occasional RS IT issue).
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Post by supernumerary on Dec 2, 2020 18:49:00 GMT
Found an old thread, instead of starting a new one. I requested a withdrawal yesterday, BUT the money hasn't arrived into my account by 6:40pm. Just wondering, IF anybody else has NOT received their money today, after requesting a withdrawal yesterday? Thanks in advance for any feedback.
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Post by Deleted on Dec 2, 2020 19:00:51 GMT
Found an old thread, instead of starting a new one. I requested a withdrawal yesterday, BUT the money hasn't arrived into my account by 6:40pm. Just wondering, IF anybody else has NOT received their money today, after requesting a withdrawal yesterday? Thanks in advance for any feedback. Same for me - requested yesterday and still not arrived but does show in RS transactions. They are clueless.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
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Post by beagle on Dec 2, 2020 19:25:48 GMT
Found an old thread, instead of starting a new one. I requested a withdrawal yesterday, BUT the money hasn't arrived into my account by 6:40pm. Just wondering, IF anybody else has NOT received their money today, after requesting a withdrawal yesterday? Thanks in advance for any feedback. Same for me - requested yesterday and still not arrived but does show in RS transactions. They are clueless. Why are they clueless? technical issues happen and you will get the money. It might not be them if it shows in transactions e.g. banking glitches
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Post by Badly Drawn Stickman on Dec 2, 2020 23:26:28 GMT
Found an old thread, instead of starting a new one. I requested a withdrawal yesterday, BUT the money hasn't arrived into my account by 6:40pm. Just wondering, IF anybody else has NOT received their money today, after requesting a withdrawal yesterday? Thanks in advance for any feedback. Same for me - requested yesterday and still not arrived but does show in RS transactions. They are clueless. Mine arrived at at 10 o'clock this evening, so a slightly late relocating shift for me today. The payment run was a bit longer than of late as well today, probably a hangover from the month end. More worrying for me is that the customer service that has always been first class seems to have become indifferent to any request or complaint. Maybe they have just given up caring what we think. (this may be an overreaction on my part as they are currently not bending to my will, I'm bitter and twisted like that).
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