Scheduled Transfers Between Accounts

[Breezy]

While dealing with my mobile banking apps, I have a few, I have discovered that, whilst I can schedule transfers (for future dates) between my Barclays accounts, the same facility/feature does not appear to be available with Halifax or Nationwide.

Made me start wondering whether Barclays position was the more unique one, or were the other banks the odd-ones-out.

Anyone know whether scheduled transfers between accounts at the same bank/building society can be arranged with others?

Although not savings accounts, I know that with Monzo you can schedule Pot > current account, and with Starling you cannot schedule Space > current account.

Just curious

Update:

Virgin Money is a NO

[RSheff]

Lloyds no, TSB no.

[Godspeed]

With Lloyd’s if you set up the other account as a new recipient you should be able to set up a future dated payment to it

[gt94sss2]

You can do this at:

HSBC
First Direct
NatWest/RBS
Santander

As you note above, Nationwide seems to be a no - though I’m suprised that there are institutions that don’t offer this,

I do appear to be offered the option to set the date in Virgin Money

[Breezy]

@gt94sss2

I do appear to be offered the option to set the date in Virgin Money

Yes, so was I, or so I thought. When I clicked on the date, the only option available was today

@Godspeed

With Lloyd’s if you set up the other account as a new recipient you should be able to set up a future dated payment to it

Yep, this works. Though now I cannot find my scheduled transaction in order to delete it

Update Need to enter Online Banking in order to view the scheduled payment/transfer. So same as Barclays there.

[gt94sss2]

@Breezy

Yes, so was I, or so I thought. When I clicked on the date, the only option available was today

I just tried it in the VM app and it worked.

Had to go into desktop banking to see the scheduled payment and cancel it though

[Eden]

@Breezy

the same facility/feature does not appear to be available with Halifax or Nationwide.

For nationwide

Select your account then go to Pay or move money → one of your nationwide accounts → select account → select amount → select standing order and set your payment frequency

[Dan]

I was going to say, isn’t this just a standing order? I’ve definitely had scheduled payments from one Nationwide account to another in my pre-Starling days.

[gt94sss2]

I would say there is a distinction between regular future dated transfers which could be standing orders and the ability to set ad-hoc future dated transfers.

I’m unlikely to use the first, unless it’s to a regular saver account but frequently use the latter

[Breezy]

@Eden

select standing order

A standing order is not a one off scheduled transfer.

Perhaps I should have been clearer in my OP.

Thanks anyway.

[Breezy]

@gt94sss2

I just tried it in the VM app and it worked.

Was that iOS or android?

I tried android.

[Breezy]

I thought I had too.

My checks are mainly app based.

Maybe some banks do provide single future scheduled transfers between accounts on online desktop banking.

[gt94sss2]

@Breezy

Was that iOS or android?

Android here as well

[Seb]

@Breezy

does not appear to be available with Halifax or Nationwide

Halifax is the same as Lloyds, you can do it if you set the other account up as a payee.

This would probably also work for Nationwide? I know payees can have payments set for a future date.

[Eden]

@Breezy

A standing order is not a one off scheduled transfer.

As I understand it any bank where your making a one off scheduled payment is just a one off standing order.

You can do a one off standing order with nationwide as well, the UI is just a little clunkier about it.

For nationwide, set your standing order, set the date it should start, set the end date the day after , that’s you done.

NatWest has the same for example they just have two extra options. A ‘pay later option’ or you can do the exact same thing through the standing order screen setting the number of payments to ‘one’.

A lot of banks have the number of payments option as well as the date based payment options.

That’s how I’ve always done it with any bank

@Dan

I was going to say, isn’t this just a standing order

It is. That’s basically what I always used in the past for one off future payments. A single round standing order.

[Seb]

@Eden

As I understand it any bank where your making a one off scheduled payment is just a one off standing order.

Effectively, yes, although I’m not sure all banks allow you to set up a standing order to only go out “one time”.

[Dan]

@Seb

I’m not sure all banks allow you to set up a standing order to only go out “one time”.

Even if they don’t make it easy, you can always set up a standing order and then cancel it after one payment.

[Seb]

I suppose so, although at that point I would rather just manually do the transfer on the given date instead!

[Eden]

@Seb

Effectively, yes, although I’m not sure all banks allow you to set up a standing order to only go out “one time”.

I think most do. Most should in theory have a continue for x number of payments option. And those who don’t should have a continue until x date option. So either way you can easily set up a single payment standing order.

[Seb]

I hadn’t thought to use the “until x date” option for the day after the first payment.

Then it would only go out once, obviously.