Quick electronic direct deposit query

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Quick electronic direct deposit query

Postby Benny1 on Fri Jul 10, 2009 5:55 pm

A friend of mine sent $400 to my RBS bank account from the US using a Direct Bank deposit method, when converted this was £242.42. This money was sent on Wednesday evening . I still do not have the money in my account , so i was just wondering when i could expect it , how long do these kind of transfers usually take ? Also , is it possible for the money to go in over the weekend? or just weekdays ? (Mon-Fri)

Thank you in advance
Benny1
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Re: Quick electronic direct deposit query

Postby Shahla on Sun Jul 12, 2009 9:04 am

Allow upto 5 clear working days (weekends do not count), the bank clearing system in the UK is much slower than in the US.

So Wednessday evening implies clearance by the latest next Thursday.
Shahla
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