The length of time varies depending upon the payment method.
- Suits Me to Suits Me: Transferring from one Suits Me account to another takes seconds, you just need to select the option to move funds to another account on the website or through the mobile banking app
- Faster Payments: This is the most common UK payment today, like transferring from one Suits Me account to another this can take seconds but on occasion can take a few hours to come through.
- BACS: Previously known as the Banker's Automated Clearing System, if the payee's bank doesn't support Faster Payments it will use BACS. This can take 1-3 working days.
- CHAPS: A Clearing House Automated Payment System, the oldest modern-style UK bank transfer, is best for transfers of large amounts of money. This is usually same-day.