To get the most out of your money transfer be sure to make at least your minimum monthly card repayments on time, before your promotional period ends. It’s worth bearing in mind that although money spent by recipients who can’t pay it back is untraceable, transfers to an invalid set of account details will bounce back. Opens in a new browser tab. When you use a Post Office® branch to pay cash into a current account with a paying in slip, the funds will show in your account, and be available for you to use from the day we receive them from the Post Office®, which will usually be the next working day. As a Direct Debit is set up to collect money from your account by another organisation, the setting up of the Direct Debit will be done by them through their bank or building society, using the account details you would have supplied them at the time you purchased the goods or services. Q. Choose the account you’d like to pay with. Click ‘More actions’ next to the relevant account, then select ‘Direct Debits and Standing Orders’ followed by ‘Set up a Standing Order’. Make an electronic transfer. #2. Select the one that is relevant to the bill you are paying, Enter the amount you wish to pay and your payment reference, If desired, you can also schedule the payment for a future date here. To view an existing Direct Debit, select 'More Actions' on the account you need to edit and choose the 'Manage Direct Debit' option under 'Direct Debits and standing orders'. 3. Often however, you can find them on the bill itself. Which? Barclays has also changed the way third parties can deposit cash. Tap ‘Standing Orders’, then select from the list the payment that you want to amend. We make payments from your account shortly after midnight at the start of the due date. Non-customers will need a printed paying-in slip from the recipient’s account. You can get the money paid into any bank, building society or credit union account, apart from a Nationwide Building Society account in someone else’s name. We have held current accounts with HSBC, Barclays and Lloyds for more than 30 years. The money needs to be available to use straight away, so you could transfer money from another personal account you have with us via Internet, Mobile or Telephone Banking or pay in cash over the counter in branch. Or you can set up the payment yourself as long as you have the email address or telephone number of the person you want to pay… Opening an account with us – then you can make payments quickly and easily in branch, over the phone, online or in our app Business From November 2018 you’ll need either your Barclays debit card and PIN or a pre-printed paying-in slip to pay in cash at our branches. HSBC also said it had ‘robust processes in place to detect and prevent fraudulent cash deposits’. The move has caused confusion for many, including grandparents trying to deposit gifts into children’s savings accounts and renters making payments to their landlords. Please ensure you make any amendments or deletions at least 1 working day before the payment is due so the changes have time to take effect. We will take steps to ensure this is a genuine request before allowing the payment. Enter the bank account and sort code details of where you want the money to go as well as the amount you wish to transfer. The main method of paying benefits and tax credit is into an account by direct credit transfer (called ‘direct payment’). This page describes how to pay bills in pounds within the UK. If you have scheduled your bill payment for a future date, you may want to amend or delete it. Review payee details and then click ‘Confirm Standing Order’. Then, click ‘Continue’, Select the ‘More actions’ option next to the account your payment is scheduled to come from, A menu should now appear with several options. You can transfer up to £100,000.00 per transaction with a minimum limit of 1p. If you want to change anything, such as the payment date, you'll need to contact the company you’re paying the Direct Debit to. Visit the Halifax Twitter page. This means the money goes straight into an account in your name. TSB said it carefully reviews when someone is paying money into another person’s account and examines this on a case-by-case basis to undertake due diligence. This gives you the chance to put extra funds into your account so that we can make the payment. Select the best number to call you on and confirm the code on your computer screen when we call you. If the standing order is due to leave your account on a weekend or bank holiday, your account will be debited on the next available bank working day when the payment is sent. Ways to transfer money into someone else’s bank account. Nationwide says third-party credits won’t be accepted unless it’s an emergency. Putting money into someone else's bank account Watch. You’ll need to enter your password so we know it’s you changing it. You can make a payment easily using PayPal if you’ve received a money request or invoice. Customers of Nationwide have been subject to the ban on third-party credits since 12 March 2018, while Santander closed this option just last month. 2. Tap on the menu in the top right corner of the screen. Choose the type of payment you … Please do not cancel your Halifax product Direct Debit without speaking to us first, as missing a monthly payment could harm your credit score in future. Look for a “money transfer” or “transfer money to my bank account” option. takes a look at why cash is being banned, whether other major high street names accept third-party credits and what to do if you need to deposit money into someone else’s account with these restrictions. This video from moneysavingexpert.com explains the services available to you. Visit the Halifax Youtube channel. You do not need to do anything to send your payments faster; we will send them in the quickest way possible. This article has been updated to include information on Barclays, One in three people have had cash payments refused during the pandemic. Santander says if a customer who is not named on the account asks to pay money into that account, staff will discuss alternative ways of completing the transaction. Once approved and processed, the money could be in your account within minutes. Existing Nationwide members can pay money into their own account and transfer this to another, which can be done in branch or online. Tap ‘Continue’ and confirm that you’re happy with the change. To receive payments you’ll need to register for Pay a Contact but you don’t need to register to send payments. These will be: You make bill payments in the same way you would pay another person. You will be asked for the details of the organisation or person you want to pay. In most instances your bank should be able to recover the money for you, and this will be the end of the issue. Select ‘ Payments and transfers ’. To delete the payment, select the icon which looks like a cross. Halifax Secure is a free service provided by Halifax and certified by Visa International and MasterCard International. If you don’t have enough funds in your account at this point to make a payment, we will try to make a payment again after 2.30pm the same day. To view an existing standing order, select 'More Actions' on the account you want to edit and choose 'Manage standing order' from the 'Direct Debits and standing orders' tab. Limited Access Saver - select to show or hide related content. Legally, if a sum of money is accidentally paid into your bank or savings account and you know it doesn't belong to you, then you must pay it back. If you have cash or a cheque to pay into your bank account, you can: Visit your nearest branch, you’ll find our current opening hours using our branch locator; Visit your nearest Post Office, where you can deposit cheques and cash into your account.You’ll need a paying in slip, which you’ll find either in your paying in book, or at the back of your cheque book. Select the account you want to transfer to. You’ll need to enter your password so we know it’s you setting the Standing Order up. Paying in slips can be ordered by contacting us in a Lloyds branch or over the telephone. Nationwide and Santander both say they advertised the changes to their policies in branches so that customers had advance notice. If you make a claim, you will be asked for details of the account you want to use for your benefit or tax credit. A reference – this is additional information that will help you and the recipient identify what the payment is for. Select the ‘Payments and transfers’ option next to the account you wish to pay from, Enter the recipient’s account name, sort code and account number, Click the check box that asks, ‘Are you paying a business?’ and then click ‘Continue’, In some cases, a list of companies will be now be provided for you to choose from. You can also use our Bank account fees and charges comparison tool to see all the fees and charges that apply to bank accounts – it shows everything from overdraft fees to foreign cash withdrawal charges.. Current accounts. Click ‘make a quick transfer’ above your accounts. See our Sending money outside the UK section for more information. Click more actions next to the relevant account. Add a reference to make it clear what the Standing Order is for. Paying in slips can be ordered by contacting us in a Halifax branch or over the telephone. Choose the amount you want to transfer and confirm you’re happy with it. For example, this could be a unique customer reference shown on a bill, credit card account number or an invoice number. Child Benefit. You can either go into halifax and put the money into his account or you could do it through online/telephone banking if you have it set up. To make a payment to a foreign currency account please refer to our sending money outside the UK page. This depends on the type of account you are paying. You can understand more and change your cookies preferences here. Paying bills online, such as your electricity, gas or phone bill is easy and convenient. I will try put the cash in via a paying in slip otherwise I will put it into my bank and bacs it across. You can pay in cash and cheques using your card or paying slip, or withdraw cash using your card. Tap ‘Pay someone new’ and enter the payees details. Get the person on the end of the line to repeat figures and names to you. Click ‘Continue’ to proceed, Click ‘Make payment’ to make your bill payment, Select the ‘Pay & transfer’ option at the bottom of the screen, Tap ‘Choose who to pay’ to be shown a list of recipients you have paid before, Update the reference or schedule the payment for a future date, if desired. Those that don’t have the printed slip will need to find an alternative method of paying the money to the desired account like making a bank transfer. You have until 2.30pm to pay money into your account to make the payment that day. You can set up payments from the online service to send funds outside the UK electronically. The safest way to bank with us right now is from home either using our app or through Online Banking. Transfers between your accounts. If the payment amount or payment date changes, you'll need to update your standing order. It is currently only possible to do this on our Online Banking website and not our Mobile Banking app. Please ensure you have sufficient funds in your account the day before any payments are due. 0. Review your details to make sure you’re happy with them and tap ‘Finish’. Select the option at the top, named ‘Payments and Transfers’. If you’re doing a transfer through your telephone banking service, ask the person taking your call to repeat every number and letter to you. If you need information about direct payments of benefit o… Check the spellings are correct before continuing. How to send money through PayPal using your account. Payments are only sent on working days and the money won't leave your account until we make the payment. Why you cannot keep it. So whether you’re splitting a restaurant bill, or want to be paid back for something you’re owed, Pay a Contact can make your life much easier. Tap ‘ Pay or move money ’. Referred for authorisation – To help prevent our customers from online fraud, in certain situations, we may further investigate a request to pay a bill / transfer funds from your account. However, some can take up to 4 working days to arrive. Do this by selecting a date from the list provided, Review the payment information to confirm it is correct, Tap the ‘Pay & transfer’ option at the bottom of the screen, Confirm which account you would like to pay from, Select the option for a ‘UK account or company’, Tap the check box that asks, ‘Are you paying a business?’ and then tap ‘Continue’, Click ‘Select account or recipient’ to be shown a list of recipients you have paid before, Find and select the person or organisation you would like to pay again, Update the reference or schedule the payment for a future date, if desired. Either go to Natwest and fill out a paying in slip with your brothers details and pay in the money as cash or a cheque or if you have internet banking you can just do it from there. Maximum balance of £5,000,000. As a result, payments may arrive in the receiving account on the same day they leave your account. Choose the amount you want to pay, and then toggle on the ‘Make Standing Order?’ button. When did it become an issue for someone to pay money into an account if its not their account — Amy (@amwest1987) April 16, 2018 Another Twitter user, Michael, had a similar complaint. Open 'Direct Debits and standing orders‘. Log in to the Banking app. 0. reply. #2. You can electronically deposit money into another person's bank account by transferring money from your account, Western Union or your PayPal account. If you’ve been living in the US for awhile, you’re probably used to giving cash at weddings or sending checks to family members for their birthdays. It can be difficult to get your money back if you send it to the wrong account (more on this below). Metro Bank told us they had no restrictions on third parties paying into accounts, but said it would ask additional questions on the source of the cash for larger deposits. Visit the Halifax Facebook page. If a payment takes you into an arranged overdraft, you have until the end of the same day to pay money into your account to avoid overdraft interest. We sold some possessions for cash and have around £15,000 to pay into our accounts. Is it possible for a person to walk into my bank branch (In this case Halifax at Redcar) and deposit directly into my account if he's got the money in hand? This is because a current account doesn’t have any of the restrictions of a prepaid card. If you don’t bank with Nationwide, you will be able to make a transfer from your bank’s branch or through online banking. If you send money using a bank account, there is usually no fee involved, but if you use a credit or debit card, you generally must pay a 2.9 percent fee and $0.30 on top of your transaction amount. He also needed the money to go straight into his account to pay off a credit card bill due in a couple of days. The building society says that third parties can continue to pay in cheques. Existing Nationwide members can pay money into their own account and transfer this to another, which can be done in branch or online. Find out more about Halifax Secure and enrol for the service at our 'Halifax Secure' page within Bank Accounts. Please Enter to access social media links. Select the account you want to transfer from. Please ensure you have the correct spelling before continuing. If you’re cancelling a Direct Debit before making a final payment, you should also always tell the company you’re paying. The building society says that third parties can continue to pay in cheques. Details of our fees and charges can be found in the Banking Charges guide. @AskNationwide discussed how my partner was spoken to at your Colchester branch… When did it become an issue for someone to pay money into an account if it’s not their account. To approve a new payment we will need to call you. Report 8 years ago. Tesco Bank, which allows customers to pay in cash at selected stores, told Which? Sending payments can be accessed from the Pay a Contact tab within the Payments section of Internet or Mobile Banking. A Santander spokesperson told Which? Examples of use include fixed monthly payments and annual club membership fees. Lloyds Bank, Halifax and Bank of Scotland will also accept both cash and cheque deposits from third parties as long as they are able to provide a valid sort code and account number to credit. Most of the time payments you make arrive in the receiving account straight-away (usually within 2 hours). Yes I have to do that myself if i put money into my own personal account, but normally can put it into someone else's with just their details. Posted from TSR Mobile. With Pay a Contact you can send money to friends and family quickly and securely using their UK mobile number – making it easy to split the cost of a taxi fare or to pay a friend back for dinner. You don't need to do anything to send your standing orders faster; we do this automatically. When sending a payment to another UK bank account using Pay a Contact, the destination account must also be registered with Paym. The account menu will appear - tap 'Standing Orders & Direct Debits'. A standing order is an instruction to make payments from your account, usually on a regular basis, to a specified UK bank or building society. Tap ‘Choose who to pay’ and then ‘+Pay someone new’ – you can set up payments to a UK account (a person) or a company, an International bank account or Pay a contact using their UK mobile number (if they are registered). You can’t change a Direct Debit yourself online. Tap the Direct Debit you want to cancel, then tap ‘Delete’ underneath it. Make a Bank Transfer Most banks allow online banking customers to make online transfers between bank accounts, even if the account belongs to someone with a different financial institution. PayPal enables you to send money by using a linked bank account or send money with a credit card online or with a debit card. Click on ‘Pay someone new +’ and enter the payees details. If your payment date falls on a non-working day, then we will try to collect your payment the next working day. You can cancel a Direct Debit yourself online, either through Online  Banking or our Mobile Banking app. You can easily transfer money into a friend’s or relative’s account through a service such as Venmo, PayPal or Square Cash. Tap the three dots next to the relevant account, then select ‘Standing orders’ followed by ‘Set up a standing order’. On the app homepage, tap the three dots icon next to your account. But getting money directly into someone else’s bank account without any intervention on their part can be a whole new ballgame. If you don’t bank with Nationwide, you will be able to make a transfer from your bank’s branch or through online banking. If you do not have enough funds at the beginning of a day to make a payment: If there are still not enough available funds, we will make a final try on the next working day before rejecting the payment. You can fight the case on the grounds that it is illegal for a person to wilfully keep – and spend – cash in their account that they know was not meant for them. You get these gems as you gain rep from other members for making good contributions and giving helpful advice. Pay money into the account from another UK current account by using your savings account sort code and account number, you can find this on your welcome letter or on the Internet Bank. Opens in a new browser tab. Choose the 'More Actions' button on your account. ... Can you prevent someone from paying money into your bank account? Tap the three dots on the relevant account. Find the Direct Debit you want to cancel and click 'Cancel' next to it. Nationwide and Santander both say they have introduced the ban on cash deposits in order to crackdown on money laundering and track cash more closely. You will be asked to enter your password to confirm the deletion of your payment. Is coronavirus a valid excuse for missing the tax return deadline. Money: ‘From 2 April 2018, to address a risk of money laundering, we stopped receiving cash deposits into personal banking and savings accounts unless the person making the cash deposit is named on the account.’. There is no daily maximum for the number of transfers you can make. You can transfer up to 90% of your available Barclaycard credit – just remember that any money that your transfer into your current account will no longer benefit from purchase protection. It provides a secure method of payment when you use your debit card to pay for goods, services or make payments over the internet. To receive payments into your account you must first register for Pay a Contact. One Nationwide customer tweeted her frustration last week: Please explain how customers and society are protected by not allowing grandparents to pay cash into children’s accounts? contacted other major banks with a high street presence to check their rules on cash deposits from third parties. Money: ‘Our Instant Access Savings Account and Current Account allow electronic payments from third parties, but not cash payments.’. Complete payment details and then click ‘Continue’. Select the one that says ‘Manage pending payments’, On the next screen, you will see a section named ‘Pending Payments’. We’ve also seen reports that renters who normally pay cash into their landlord’s account have been turned away. An account name – this is usually the name of the organisation or person to whom the bill or transfer is payable, for example 'British Gas', 'BT' or 'John Smith'. As long as you have enough money in the account you want to transfer from the transfer to your other online account will take place immediately. You can schedule your payment for any working day up to 31 days in advance. The new rules mean grandparents are being turned away from paying cash into children’s savings accounts, including Junior Isas. The bank said other methods of paying into an account include a cheque, regular standing order or a one-off transfer. A Direct Debit is an instruction authorising another organisation to collect varying amounts of money from your account. We use cookies to allow us and selected partners to improve your experience and our advertising. Tap ‘Pay and Transfer’ at the bottom of your home screen. Opens in a new browser tab. Select the Standing Order you want to cancel. If you have problems opening an account, or payment by this method will be difficult for you, see under the heading Difficulties opening or managing an account. 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