why is it that yoodle is 6 days behind so system sends out late payment notices ? also the accoutn information direct online with natwest is uptodat?
As per our previous discussion on this, it’s because of the way NatWest handle their transactions.
For your reference:
NatWest does have a few days delay on it due to the way they show their transactions. We did originally have this with no delay, but it was causing quite a few problems for other users.
There’s more on the reasoning behind this here:
3 days is a few , 123456789012234445545
It depends on a few factors. The number of days delayed, from our stance, doesn’t change. However, it does depend on a few things, such as when NatWest shows it on your online account and when Yodlee picks it up. Bear in mind that bank holidays and weekends will also affect when a transaction appears and can delay the process by a few extra days.
At the moment access to banking data isn’t reliable. However, with Open Banking, this is likely to be improved. You can find out more here:
What is Open Banking?
In essence, Open Banking is about allowing access to specific financial information in a secure and convenient manner.
In August 2016, the UK Competition and Markets Authority (CMA) issued a ruling that required the nine largest UK banks to allow regulated third parties direct access to their data, down to the level of bank account transactions ( we blogged about this here). Despite all the recent scaremongering it’s important to remember that this is an “opt-in” arrangeme…
@pelican - Just a quick update to let you know that you can now remove the delay if you wish:
We are now providing an option for those users with Yodlee bank feeds targeting the following accounts, to disable the 4 day import delay.
Natwest Business Current Accounts
Natwest Bankline Accounts
Royal Bank of Scotland Business Digital
Royal Bank of Scotland
This option is accessible from the bank statement view under the “More Options” menu “Bank Feed Details”.
The delay was introduced for the above mentioned banks to avoid duplication of transactions, where the…
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