A Payment A Day - Part 10!

Paulgonnabedebtfree

£75 from me thanks

Allie_Ballie_Bee

An early £15.00 for me today please Saorsie

Paulgonnabedebtfree

l.m.hart wrote: »

Morning flying_fresian
i hope you dont mind me picking your brains but i know you will prob be able to answer it.
If someone sent a bacs payment on saturday, roughly how long does it take to get to the recipient.
thanks:)

I could pretty much answer that for her because there's no way of knowing unless you know the identities of the sending and receiving banks. I send quite a few BACS payments and it can be anything from almost instantly to 3 or 4 clear working days (occasionally meaning that it can be as late as on the fifth working day if you send it after the bank has started updating on that day). I have even been sent a BACS payment on a Saturday morning and received it within a few minutes - though I think the sending and receiving banks were the same.

mooomin

l.m.hart wrote: »

Morning flying_fresian
i hope you dont mind me picking your brains but i know you will prob be able to answer it.
If someone sent a bacs payment on saturday, roughly how long does it take to get to the recipient.
thanks:)

Paulgonnabedebtfree wrote: »

I could pretty much answer that for her because there's no way of knowing unless you know the identities of the sending and receiving banks. I send quite a few BACS payments and it can be anything from almost instantly to 3 or 4 clear working days (occasionally meaning that it can be as late as on the fifth working day if you send it after the bank has started updating on that day). I have even been sent a BACS payment on a Saturday morning and received it within a few minutes - though I think the sending and receiving banks were the same.

^^

What he said

If the bank participates in the Faster Payments system it can be received pretty much instantly but otherwise it's 3-5 working days.

If you've not received the funds yet, I'd guess it would be tomorrow/Thursday based on normal processing times...

kashton_2

Morning all, popping in to add another £5.00 to the currys pot, just under £90 to go!

JayJay14

OH's wages safely in the bank this morning so I am starting with £250 to the Savings a/c - he has been paid overtime for the first time in years so I have squirreled it away (except for the chunk I need him to spend in costco later this week:D)

More to come tomorrow, but I am taking it carefully so I don't mess up.

never_too_old

Thankyou flying_fresian and Paulgonnabedebtfree

your so much faster than me attempting to phone my bank
lol, fingers crossed for tomorrow ( was hoping that it would be quicker than a cheque clearing)
x

Flower08

Morning all,

OH got paid today, but before I go mad PAD-ing it all I need to sort out budgets (which I wont get chance to do before tonight) so just for now PAD is £20.00 to Barclaycard.

Feeling really horrid today coming down with a cold and have a really sore throat, the only thing I can take for it is paracetamol which is doing nothing!

MiaowMiaow

Hi all! A little PAD of 1.68 for me today please!!

MinniMe_2

morning all - PAY DAY WOOO HOOOOO

Saorsie - as promised back with PAD £184 split across all 4 CCs.

have also put my bonus which I got paid today straight into my ISA. We go on holiday next montha nd what ever is left at the end of holiday will go as a PAD - i promise! (also need to start building up a bit of a buffer as it looks like I will have to move again in a month or so and its the dreaded needing to pay out rental deposite while not having had the last one back!)