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Fpi?

Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
What does this mean on a bank statement? My friend transferred some money into my account and it says FPI under payment type - where it would usually say something like transfer, cashpoint - that kind of thing.
The money's gone it so doesn't really matter, i've just never seen FPI before, when other people have transferred money it usually says transfer (or whatever the shortened version is). :confused:

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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    FPI = Faster Payments Incoming
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Yeah, isn't that the new system meant to allow money to transfer immediately?
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