I set up a standing order to pay my monthly rent and although the money left my account on the day of rent payment, it hasnt entered the landlord's (different bank to mine )account yet. Why is this?
The money left my account yesterday, which is the day when rent is due and the day which the landlord instructed me to have the standing order set up for.
It will hit the LL bank account on the 3rd working day unless the receiving bank is part of the faster payment system. Then it would hit the same day.If I knew what bank the LL's was I caould tell you. as from May 2009 most banks will be part of it.