Online banking: large money transfer - left the sender account immediately but not reached receiver account?!

[HowdyBubble]

Online banking: large money transfer - left the sender account immediately but not reached receiver account?!

Having a bit of a panic - both accounts are mine. It left account 1 in seconds but 10 minutes later it's still not reached account 2. I've triple checked the sort code and account number and checked pending transactions but it's not there either. It's been at least 10 minutes. Is this normal... or should I be very worried??

Small money transfers have always been received instantly on the other side.

Are they transfers with the same bank?

How big? It's probably got flagged as an unusual transaction.

Both accounts are from different banks by the way.

I had this a couple of weeks ago - sent a large sum ('000s) from our joint account to our savings account, and it still hadn't got there several hours later. Eventually arrived after about 24 hours, but gave me a scare!

It can take up to a few hours sometimes.

Check later.

A bit over 10k

They say it can take up to 2 hours if going from one bank to another.

Thanks a lot for the reassurance - I'm glad no one has said it must arrive immediately. Just used to it being immediate as I've only ever transferred a few hundred at most in the past.

Over £10 k and it might be flagged for money laundering so they may be doing checks on it.

Was it a FPS payment? The are usually immediate, but you are supposed to allow 2 hours. If its a large transaction it can take a bit longer.

If its not an FPS payment then it could be next working day.

Could be slower between banks during non banking hours.

Yeah £10k is one of the limits; they'll have red flagged it for that reason. It should be cleared fairly quickly in a couple of hours.

My friend had this last week called me panicking, was a couple of thosand but it was about 15 minutes, it went in on the hour so we don't know of the accounts update hourly?

Faster payments can take a few hours to go between accounts. If it's an unusually large payment especially if the money came into your account and was quickly transferred out it's perfectly possible the fraud team are having a quick look at it.

Large transfers after 5pm cut off usually don't appear til the next day, in my experience.

Whenever my mum sends me money it takes hours to arrive, sometimes the following day. Anyone else who has sent money to my account, regardless of bank, has arrived instantly. It’s weird.

Interesting. Thanks a lot everyone for your reassurances!

It can take a while, I moved 5,000 to another account this week, it took around 2 hours and smaller transfers are usually instant, I also had a slight panic but I googled and apparently it’s normal.

It can be ‘the next day’. I’ve just done similar and that’s what they told me when I spoke to them.

If one of the banks is Barclays, I've experienced delays in reporting payments both in and out since the weekend.

Phew the transfer has now gone through :)

@StartingGrid yes one of the accounts was Barclays