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Online Bank Transfer

  • 10-11-2015 3:27pm
    #1
    Meglamonia
    Registered Users, Registered Users 2 Posts: 1,247 ✭✭✭


    Can anyone tell me how long an online transfer from a bank account with PTSB to BOI will take?


Comments

  • #2
    mattaiuseire
    Banned (with Prison Access) Posts: 295 ✭✭mattaiuseire


    Will take usually 2 or 3 days but they usually tell you 3-5 days to set your expectations.


  • #3
    Nervous Wreck
    Closed Accounts Posts: 16,115 ✭✭✭✭Nervous Wreck


    mattaiuseire wrote: »
    Will take usually 2 or 3 days but they usually tell you 3-5 days to set your expectations.

    All of this is incorrect. Transfers made between Irish banks take 1 working day (if done after close of business, it'll take 2 working days). Can't imagine any of the banks would purposely misinform anyone on this when its common knowledge since the introduction of SEPA rules.


  • #4
    mattaiuseire
    Banned (with Prison Access) Posts: 295 ✭✭mattaiuseire


    Nervous Wreck wrote: »
    All of this is incorrect. Transfers made between Irish banks take 1 working day (if done after close of business, it'll take 2 working days). Can't imagine any of the banks would purposely misinform anyone on this when its common knowledge since the introduction of SEPA rules.

    It takes one business banking day following the business day on which the original bank are deemed to receive a customer's instruction.

    So depending on how you look at it, it can take 1 day, 2 days, 3 days or even 4.

    If you make a transfer at 10pm on a Friday, it might not hit the payee's account until Monday afternoon.


  • #5
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,957 Admin ✭✭✭✭✭Toots


    I've accounts with BOI and PTSB and I transfer online a few times a month - if it's done on a weekday before 3pm it'll be in the next morning (providing the next day is a working day) if it's a weekend then it it's the next working day. After 3pm it'll be in the day after the next day ie if it's done at 6pm on Monday night, it'll be in the other account on Wednesday morning.


  • #6
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    To add confusion further into the mix, the transfer can sometimes be same day. Some banks run 2 batches of SEPA wires inside the same day.


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  • #7
    Meglamonia
    Registered Users, Registered Users 2 Posts: 1,247 ✭✭✭Meglamonia


    I'm PTSB I transferred it at 2pm yesterday and it still isn't in the BOI account so maybe tomorrow.


  • #8
    Nervous Wreck
    Closed Accounts Posts: 16,115 ✭✭✭✭Nervous Wreck


    Meglamonia wrote: »
    I'm PTSB I transferred it at 2pm yesterday and it still isn't in the BOI account so maybe tomorrow.

    Unless it's a loan, mortgage or Visa account, it should have hit by now. If it isn't there in the morning, give the sending bank a call.


  • #9
    mattaiuseire
    Banned (with Prison Access) Posts: 295 ✭✭mattaiuseire


    Meglamonia wrote: »
    I'm PTSB I transferred it at 2pm yesterday and it still isn't in the BOI account so maybe tomorrow.

    It will be in tomorrow. Maybe even hit your account late tonight if you're lucky.


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