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Payment from one bank to another

  • 22-02-2017 7:19pm
    #1
    aoc77
    Registered Users Posts: 18 ✭


    His. I have a question about how long a payment should take between 2 banks. We are selling our house and just gone sale agreed. Because the deposit was more than the buyer could do online they had to go to their branch on Monday afternoon to transfer the funds to our estate agent''s client account. However our estate agent has said the money hasn't hit the account 48 hours later. I am a bit worried as this seems to be a long time. I though transfers usually took place the next business day or at most 2 business days later?


Comments

  • #2
    Bank of Ireland: Sarah
    Closed Accounts Posts: 1,640 ✭✭✭Bank of Ireland: Sarah


    aoc77 wrote: »
    His.  I have a question about how long a payment should take between 2 banks. We are selling our house and just gone sale agreed. Because the deposit was more than the buyer could do online they had to go to their branch on Monday afternoon to transfer the funds to our estate agent''s client account. However our estate agent has said the money hasn't hit the account 48 hours later. I am a bit worried as this seems to be a long time.  I though transfers usually took place the next business day or at most 2 business days later?
    Hi aoc77, 

    Thanks for contacting us on Boards. 

    This would depend on what time the buyer made the transfer in branch and what type of transfer they made. We would advise you to check with the estate agent today if the funds have since been received. If not, the buyer can check with their bank to confirm the time frame for the type of transfer they made. Please let us know if we can help with any other query. 

    Thanks,
    Sarah


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