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BACS question
lukemed1
Posts: 511 Forumite
Hi,
I get paid on tuesday 25th, the company I work for pay by BACS, does anybody know when they would've put it in the system to clear for tuesday?
or is it a direct deposit from them on tuesday morning??
cheers
Luke
I get paid on tuesday 25th, the company I work for pay by BACS, does anybody know when they would've put it in the system to clear for tuesday?
or is it a direct deposit from them on tuesday morning??
cheers
Luke
0
Comments
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They would have done it on Thursday or Friday (most likely Friday).0
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The good old BACs system took about 3-5 working days to clear. Unfortunately, it is therefore not possible to tell you a day of when the money should have been paid in.
BACs is normally used (90% of the time by employers) to pay their staff. Thus it is likely this format of payment will have been used.Best Regards
zppp
0 -
it's either performed thursday night or friday morning, submission cut-offs tend to vary but it's usually around 17:00 each day0
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Cheers guys,
can it be recalled once sent do you know?0 -
Friday would be input day.
BACS can be recalled on processing day, but not always successful, the would still show in the payees bsnk as a reversal.These are my thoughts and no one else's, so like any public forum advice - check it out before entering into contracts or spending your hard earned cash!
I don't know everything, however I do try to point people in the right direction but at the end of the day you can only ever help yourself!0
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