How long should my Bacs payment take please?

Kimbo28 · 13 January 2011 at 12:50PM

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.

Mike1901 · 13 January 2011 at 1:02PM

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 · 13 January 2011 at 1:06PM

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.

Kimbo28 · 13 January 2011 at 1:07PM

Thank you very much, I will call and find out if they met the cut off time. Much appreciated.

Kimbo28 · 13 January 2011 at 1:26PM

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!

How long should my Bacs payment take please?

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