Payment Options 


Faster Payment

The Nü Savings Group ('NSG') allows you or your business et al to make payment for your NSG invoice(s) via Faster Payment. The amount you wish to send will depend on the contract term, the terms and conditions, and terms of supply (where applicable). 


Faster Payments


This service is for sending electronic, sterling payments in the UK.


What type of Payments can be made through Faster Payments?


Four types of payments can be processed through Faster Payments:


  • Single Immediate Payments

  • Forward-dated Payments

  • Standing Orders

  • Direct Corporate Access


What is the process of Faster Payments? 


















How long does a Faster Payment take to clear?  


Provided the sending and receiving bank/building society are Direct Participants of Faster Payments, payments are usually available almost immediately, although they can sometimes take up to two hours. 


These timescales can still apply if either the sending or receiving bank is not a Direct Participant of Faster Payments. 


Some payments will take longer, especially outside normal working hours. 


You should talk to your bank/building society if the speed of the payment is particularly important. As a minimum, all financial institutions in the UK must abide by the Payment Services Directive (PSD) -  this states that any payments made by mobile, internet, or phone banking (including standing orders) must arrive by the end of the following business day at the latest.  You should contact your bank or building society directly for more information on the exact process they follow when you request a payment to be made from your account.


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