| realdeals | 04-06-2016 06:12 AM | Re: New PayPal Withdrawal Window? Quote:
Originally Posted by JamesNorth101
(Post 760630)
0-3 days depending on the bank is right
Nearly all banks are on the faster payment system but some are not. The 3 day part of this would only effect the banks not on the faster payment system (the post office is one example when I last checked 18 months ago) | The Post Office ( /Bank of Ireland)` is on the faster payments system but is a bit of a weird one, it is one of the accounts I withdrew to last night and this morning. They have almost a mixed system.
It isn't as instant as some banks, it takes 2 -4 hours to show in your account. The snag is though it will only show during working hours Mon-Fri 9-5. So if I withdrawal now from paypal it will be in my P.O saver between 2pm and 4pm. The payment I took out around midnight last night is only just in the saver now.
Likewise if I withdrawal from a P.O saver to my nominated account it has to be between Mon-Fri 9-5pm to be there for the next morning. If I was to withdrawal 7p.m on A Saturday night, it wouldn't get there until Tuesday morning.
Coventry is similar, withdrawals from Paypal take 2-4 hours to show BUT these show all around the clock. So a 11p.m Friday night withdrawal from paypal would show in the Coventry account around 1a.m-3a.m Saturday morning. Withdrawals from your nominated account can actually take longer than with the Post Office. If I was to withdrawal at 4p.m Monday it only actually gets released between 9-10a.m the Tuesday morning, so wouldn't clear until between 11.am and 2.pm the next day. The solution to this though is just open up the saver with the cash point card so you can enjoy instant inter-account transfers, and it lets you take out up to £500 a day from an atm. |