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Credit Union to bank transfer time

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  • 22-01-2013 11:57am
    #1
    veryangryman
    Registered Users Posts: 5,573 ✭✭✭


    Ressurrecting this thread... I have a query

    How long in days is average for a transfer from Credit Union to bank. In my case AIB? Is 5 days too long, too short?


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    #2
    APM
    Registered Users Posts: 985 ✭✭✭APM


    5 days is normally too long. I changed my DD amount in the credit union a few months ago and the AIB amount never changed.

    The CU will then tell you to chase it up with your bank and that its out of their hands.


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    #3
    Trend Setter in Training
    Registered Users Posts: 302 ✭✭Trend Setter in Training


    veryangryman wrote: »
    Ressurrecting this thread... I have a query

    How long in days is average for a transfer from Credit Union to bank. In my case AIB? Is 5 days too long, too short?

    My experience here is mixed - sometimes can be processed in usual 2-3 working days but on a few occasions i have notice my DD / SO has not hit my account and i had to follow up with the credit union for them to resolve.

    My CU say they get over 500 DD's a day each with your account ref and they have to be allocated manually (i know!) so can take time their end too.

    Just my experience - in a fairly sizeable CU in Cork.


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    #4
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Don't bump threads from years ago. I've split this off into one of it's own

    Up to about 5 days seems normal for CU transfers. It can happen quicker, depending on how technologically advanced the CU is..but as pointed out, some are still quite "manual" and therefore transfers can take longer.


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