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Farm Machinery
Machinery
Paying for selling items privately
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<blockquote data-quote="Sebastian77" data-source="post: 7494743" data-attributes="member: 145984"><p>BACS (can also appear as faster payment guise) cannot be recalled once the numbers enter the payees bank account. It's the whole reason banks are 100% not interested in refunding you any money if you get scammed/tricked into doing a transfer.</p><p></p><p>Have never known it personally take more than a few minutes to go through, I know originally it had the clause "next working day" usually mentioned when doing the transfer. As others have said though, if it's a new payee you will get asked for a OTP code (usually) which is not a problem assuming it is linked to your phone, but a very large sum might get put into "pending" and need authorisation, that is different and CAN be cancelled.</p><p></p><p>(The Mrs works at NatWest)</p></blockquote><p></p>
[QUOTE="Sebastian77, post: 7494743, member: 145984"] BACS (can also appear as faster payment guise) cannot be recalled once the numbers enter the payees bank account. It's the whole reason banks are 100% not interested in refunding you any money if you get scammed/tricked into doing a transfer. Have never known it personally take more than a few minutes to go through, I know originally it had the clause "next working day" usually mentioned when doing the transfer. As others have said though, if it's a new payee you will get asked for a OTP code (usually) which is not a problem assuming it is linked to your phone, but a very large sum might get put into "pending" and need authorisation, that is different and CAN be cancelled. (The Mrs works at NatWest) [/QUOTE]
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Farm Machinery
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Paying for selling items privately
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