While BACS' 24h clearing of interbank transfers was normally ok, FasterPayments really makes having multiple accounts split across bank's super convenient.
My wife and I both have our own accounts with Barclays and joint accounts (and mortgage) with Nationwide, and I have a Monzo account for small day to day expenses. It takes me less than a minute to open the Barclays app, transfer some money to the joint account, and then open the Nationwide app to confirm the balance and do whatever I needed to do from there. Total money management game changer. I've done a four hop transfer from my savings to overpay the mortgage, in about three minutes.
Comments
While BACS' 24h clearing of interbank transfers was normally ok, FasterPayments really makes having multiple accounts split across bank's super convenient.
My wife and I both have our own accounts with Barclays and joint accounts (and mortgage) with Nationwide, and I have a Monzo account for small day to day expenses. It takes me less than a minute to open the Barclays app, transfer some money to the joint account, and then open the Nationwide app to confirm the balance and do whatever I needed to do from there. Total money management game changer. I've done a four hop transfer from my savings to overpay the mortgage, in about three minutes.