CAF Bank is making key changes
- Monday, 23 January 2012
CAF Band is making some important changes to the CAF Bank terms and conditions to reflect new regulations which deal with how electronic payments between accounts are processed.
With effect from 1 January 2012, the timescales for processing automated payments, including those to countries within the European Economic Area, have been reduced, meaning that most payments made from this date will arrive in the payee’s bank account by the end of the next bank working day, as opposed to the current three bank working days.
Tariff of charges
CAF Bank continues to provide standard day-to-day banking services free of charge. On 1 January 2012, they revised some of their other charges for the first time since 2006.