How fast does your bank make payments?

By THIS IS MONEY
Updated:

 

For a modern-day bank customer, speed is no longer a luxury – it is essential, but banks just don't seem to get it.

Roadrunner

After years of pressure most have introduced at least some form of faster payments system, but many customers still find cash being transferred stuck in limbo.

Excuses range from limits on amounts to types of account. Here we reveal how fast your bank makes payments:

›› Making a one-off phone/internet faster payment

faster payments one off

›› Standing orders using faster payment

faster payments standing orders

Tables courtesy of CHAPS and Payments Council

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