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Transfering Money Between Banks

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Eurox | 00:50 Fri 29th Aug 2014 | Business & Finance
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My dad is going to put some money in my account for me tomorrow, I am with nationwide, he is with lloyds. He doesn't do internet so can he transfer it by going into his bank with my details or does he have to do it by going into my bank, thanks
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Many years ago (around a quarter of a century!) I could pay money into my own account, or into anyone else's bank account, simply by going into any High Street bank and filling in a 'bank giro credit' form. Alas, despite so-called 'progress', that facility was withdrawn many years ago, so your father will need to visit a branch of your bank. (Theoretically it's still possible to use any other bank branch but there's a hefty charge, typically of around 30 quid, to do so).

Some inter-bank transfers can be achieved simply by visiting any Post Office branch but, while it's possible for your father to both withdraw and pay in money using his own account at any Post Office (because he's with Lloyds), it's not possiblwe to pay into a Nationwide account there (even though you can withdraw money there yourself).
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Have I missed something here? Why can't your father write you a cheque from his Lloyds account and you pay it into your account using a paying in slip?
"but there's a hefty charge, typically of around 30 quid"
Ah so that's the reason why it's made no longer usually available.

But yes, SM seems to have a simple solution. May take longer though whilst they pretend it is in the transit aether and neither of you nor the bank has the money.
If it's less than £300 he could just go to NW and draw out cash at the machine, walk in and pay into your account.
Lloyds charged me £30 for an over-the-counter inter-bank transfer - moneygrabbing bast@rds
Money grabbing? It was surely a published tariff in a competitive markey and could have been avoided I think by using a more efficient method
Another example of "progress" as Buenchico said of either complicating things or going backwards,I despair sometimes!
Banks get a lot of criticism but I think the online banking systems are fantastic- with faster payments I can transfer money between accounts or pay a bill or someone else immediately, whereas I used to have to posts something off or make a trip to my branch
And no stamped paper record to keep in your records aside from what you print put yourself and which could so could easily have been forged. "Trust us we use tech. We'll always show the right figures". Except my salary for this month was magically different on the Friday than it was Wednesday when I double checked just prior to complaining to the company HR dept..
Was that a bank related issue then, old_geezer?
Since the figure shown was changed rather than additional payment shown, I don't see how it could be anything else. But the main issue is not whether one has experienced problems already, it's whether the system is so bad one does not have ones own paper records to prove what goes on. One is at the bank's mercy, the same bank that is forcing a risky system in the first place. And that's before we even consider contactless tech !
Do you need it in a hurry? If not, why not a cheque?
He can do what they call a quick transfer, the money is usually in the receiving bank account within a couple of hours. This is a free transfer. I do it regularly. All he needs is your account details, name of Bank, Sort Code number and account number and possibly role number if you have one, but that won't be necessary.
I'd do a cheque, unless you can't wait the 5-7 days before Nationwide will clear it into you account. I pay a cheque from another bank into an NW account regularly, there's no problem and that doesn't cost anything.
Re my last posting, if her chooses to enquire for 'quick transfer' make sure he states the free service one not the chargeable one.
Hi Eurox- roughly how much is it and how quickly does the money need to be available?
Most accounts no longer have cheques, I have not had a cheque book for at least 5 years. Cheques are pretty useless once they withdrew the cheque guarantee cards, even the post office will not take them now.
I don't know about Lloyds, but my bank (HSBC) has an express banking machine. Using my bank card I can set up a payment to anyone using the recipient's sort code and account number. The money is transferred immediately and there is no cost. There is a limit, though, of £10,000 per transaction for family and friends.
erm hey what is all this ?
I went into my own bank BOS - the one I usually use
and waved my debit card
and said I dont do home baking (!) because I have been cloned
but I would like to pay from my account into someone elses
and here are the details ( checked carefully beforehand )
and I plugged in my card
and whizzo .....
so it is like paying with a debit card but you do it at a bank


oh and this is the time to say in todays Times
who pays if you get the name right Joe Bloggs but the number wrong ?


Tidal Energy v B of Scotland

you do - the name is not part of the information required

and I will check (ha!) but I dont think I have been charged 30 knicker
I am sure I would have noticed

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