Originally Posted By: Roger
Originally Posted By: peter
It's pretty general in the UK nowadays that you can ring up your bank and do a transfer to someone else's account, even at another bank, for free and (I'm fairly sure) same-day.


Same day for accounts at the same bank; I think it's usually 3-4 days for accounts at other banks, although there are periodically noises about forcing the banks to change this -- it's artificial, and they just sit on the money for those days.

It isn't just noises any more, it really is same day between any of the banks implementing the Faster Payments scheme.

http://www.apacs.org.uk/sortcodechecker/index.html

Not all the banks are doing it yet, but a good half of my payments end up going same day now, for free.
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