How Long For Bacs Payments??

Aldershot2006

Well Checked Bank first thing this Morning and still not on Account.

Do banks Credit Account overnight Fri in to Sat???

ohreally

Aldershot2006 wrote:

Do banks Credit Account overnight Fri in to Sat???

You are likely looking at next week now.

hjb123

If you check late tonight or tomorrow morning it will show if it is going to be in on Monday morning

Aldershot2006

hjb123 wrote:

If you check late tonight or tomorrow morning it will show if it is going to be in on Monday morning

Are you Saying that if its Due to go in my Account on Monday I will be able to take it out tomorrow??

I have a Nationwide Account.

hjb123

It may not have cleared tomorrow. When I have a payment due to go in or out on a monday when I go onto my internet banking it is showing as being there but with Mondays date!

real1314

once a payment is issued by the dwp it takes 3 days to clear in the bank, so if the payment was issued on Monday, you would have received it in your account on Thursday.

Aldershot2006

real1314 wrote:

once a payment is issued by the dwp it takes 3 days to clear in the bank, so if the payment was issued on Monday, you would have received it in your account on Thursday.

Nope Didnt get it into Account on Thursday still Not in Account so Im so hoping it will go in overnight to night.
I did get a letter From the Dwp telling me about what was going into the Account and it Did say on the letter that the Funds would be in my Account By Monday 12th June.

ohreally

Aldershot2006 wrote:

it Did say on the letter that the Funds would be in my Account By Monday 12th June.

Then thats when you will have it available.

Aldershot2006

ohreally wrote:

Then thats when you will have it available.

I know that But im just working out if I will get it Tomorrow(Saturday)

MarkyMarkD

No, because that's not the 12 June!

The problem with DWP and so on is that they nearly always make payments on your regular payment day. So even if they owe you over £3k in backdated payments (as they did for my wife) they still wait until the next due fortnightly payment date to pay it, which is rather annoying.

Even worse, we never got a notification and ended up phoning them to find out what was happening - the money eventually arrived but STILL no notification of either the arrears payment or the regular payment amount. Numpties!