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BACS transfers to move same day

Submitted on Saturday 22nd June 2013

Published on Tuesday 25th June 2013

Current status: Closed

Closed: Wednesday 25th December 2013

Signatures: 3

Tagged with

Enable ~ Money

Petition Action

BACS transfers to move same day

Additional Information

To compel banks and building societies to stop using weekends as a way to hold on to our money by saying "weekends are not banking days" BACS is an auto system and should work the same way as Faster Payments.

BACS transfers should not be put on hold over weekends & Bank Holidays that enable banks & building societies to hold on to our money and not paying interest for up to 5 days.

Their computers work 24/7 and should process BACS in the same way.


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