How long should my Bacs payment take please?

Hi there,

I was hoping someone may be able to give me some advice. I work on a freelance basis and my customer paid me by Bacs on Tuesday afternoon. It has still not cleared yet and I'm getting a bit worried as I thought it would be today. Does anybody know why it should be taking this long please? Any advice greatfully appreciated.

Comments

  • It is normally 3 working days, including the day sent - so yes you should have it today - UNLESS the client paid oyu after their bank's cutoff for that day's payments on Tuesday, in which case it will reach your account tomorrow :)
  • easy
    easy Posts: 2,516
    Name Dropper First Post First Anniversary Combo Breaker
    Forumite
    Yes, altho' some of the banks are now operating faster payments for BACS transmissions, in a few cases you do still have to allow 3 complete days for clearance.

    Check tomorrow (Friday) afternoon, if it isn't in your account by Monday morning, then shout.
    I try not to get too stressed out on the forum. I won't argue, i'll just leave a thread if you don't like what I say. :)
  • Thank you very much, I will call and find out if they met the cut off time. Much appreciated.
  • Hi guys,

    Just wanted to say thanks again for your help. I've just spoken to my employer and they did miss the cut off, so it should go in tomorrow. Panic over! :)
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