Currently it takes 2-4 hours for easy bank transfer to arrive in my Freetrade account whereas a bank transfer from my Barclays app using the old method (with reference, sort code and account number) took me 5 secs.
Monzo also use TrueLayer for easy bank transfer and it only takes a few seconds. For new customers I’m not sure if they would be happy with 2-4 hours especially when they could use the old method to get the funds within a minute.
Is easy bank transfer going to be optimised; if not, is it worth still displaying the old option for people who want their funds in their account a bit faster?