Banking question

If I want to make an immediate payment into someone's bank account, and they're with a different bank to me, I'd need to pay cash into their bank right?

Just checking cos only ever done a bank transfer into someone with the same bank as me.

Ta.

 

yes mate you would need to pay cash

 

You can still do a bank transfer cos ive done it before takes afew days, so cash is probably best option

 

You can do an online bank transfer into an account with a different bank

 

i sold a car recently and the woman who bought it turned up with a building society cheque. i took her and the car to the building society and deposited it (cheque not her)!! that was treat as cash and i could have withdrawn it there and then if i wanted. dont know if this helps pal

 

Thanks everyone

I shall use cash I think as needs to be fairly immediate.

 

The method of same day payment is CHAPS transfer - (CHAPS = Clearing House Automated Payment System) There is usually a fee for this service - funds are transferred same day even from one different bank to another