@MrASulaiman wrote:
Last night, being 24th of March, a client of mine assured me he had made a Transfer of a pending Balance for a Concluded Job. After waiting for hours without receiving an Alert, I inquired if he sent the money to the right account, and he assured me the money had been paid to me.
Fast forward to this evening of 25th March, my account is yet to be credited. In the cause of assuring me he's serious, he sent me a copy of the 'GTBANK ONLINE TRANSFER ADVICE', and the Transaction Date read; 29-March-2016.
Amazing! Amazing!! Amazing!!!
I have inbound/outbound transfers an average of every 48hrs. Never encountered this issue before.
Then I read the Remarks on the 'Advice Sheet' and it stated ' NIBSS Instant Payment Outward blah blah blah'. My client assures me its because of the 'Public Holiday'.I use my Bank Mobile App OR Quickteller, so NIBSS has never played a role.
The much I know of NIBSS Electronic Fund Transfer (NEFT) is that it is an irrevocable fund transfer instruction where a bank simply captures their customer’s funds transfer instructions electronically. However, the bank will first debit the customer’s account to ensure that the funds are set aside after which such a bank customer’s instruction (along with other customers instructions) are sent to NIBSS as an electronic file for onward processing. NIBSS subsequently processes each electronic file from banks containing several NEFT instructions to ensure the beneficiaries receive value such that their accounts are credited within a few hours.Please I need someone to help me understand how the Public Holiday affects my Credit Alert. Or are NIBSS payments done manually inside the bank?
Please enlighten me.
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