Payment not received

  • maikochen's Avatar
    Google search led to me here. I have made 1 payment on June 22 and 2 payments on June 23, while the money has been deducted and showing faster payment made, till this day, it has not reached the receiving bank. 1st call to CS on the 22nd was told that it is all good and will reach within 2 hours. It didn't. I tried 2 more payments the next morning, neither was received. I called again in the afternoon, this time I was told that the 1st payment was initiated around 7pm, so it could take another day?! If so, why give me a confirmation message stating that it is a faster payment? Best of all, it is now June 27, and I don't know where my money is now?

    Completely agree with the above post, and may I ask that Tesco bank is the only bank does not provide the faster payment reference number in the online banking transaction
  • 2 Replies

  • ScottW's Avatar
    Employee
    I'm sorry to read about the problems you've had with your account @maikochen. Has the money arrived in the receiving accounts yet? If it hasn't, then we'd need to look into raising a payment investigation with our Accounts team.

    Call us on 0345 835 3353, available 24/7, and our team will be able to start looking into this for you.
  • maikochen's Avatar
    thanks . Money still not seen. Called and this time was told that it is going through random compliance check, so the money has not left Tesco bank yet. the nice lady said that she does not know how long it will take, and it can take very long time. As I pressed on, finally being promised that it will complete within 48 hours.

    I suppose I am ok with the whatever check needs to be done - though not sure why as it was a transfer to my own account with another bank - The problem is that (a) the app shouldn't display a message stating that the payment was successful. (b) the fund should not be deducted from the balance as it was on hold - most other banks will display a simple message stating that the payment is on hold and either to contact them or they will contact me. (c) I should be told the truth in the previous calls rather than "the delay was because it was initiated around 7pm, so will be processed next day", and (d) even this time the nice lady insists that the faster payment can take 24 hours. This is very misleading and should not be called 'faster payment' in the first place as all other banks deal with faster payment within minutes.

    It's been a whole week now. Luckly I have managed through the current mortgage with another bank, and this fund only needs to go to the savings now. I can't imagine if I indeed need it for mortgage, how much furture stress...