early payments in bank

gingergee

Hi, just wondering when my bank account will "tally" back up. Eg' online its showing my CSA has gone in on 28th, which is next wednesday? Will that be in my available funds or will it clear later? Im confuzzled. x

stclair

The funds will be available to withdraw now.

pqrdef

In banking time, it's the 28th already. Next Wednesday started last night and will be 120 hours long. Everything that happens in that time will be datestamped 28th, because there's no 24th-27th on the bank calendar.

This doesn't mean you have to wait until the 28th on a normal calendar for things to happen. Anything that's already happened has already happened, irrespective of the date they put on it.

Since the payment was due to you on Wednesday, your bank received it Friday night. Most banks would have sat on it until Tuesday night before crediting your account. Evidently your bank is one of those that credits a Friday night BACS transfer to your account on the Friday night, even if they do call it the middle of next week.

continualdiamond

Yep, whatever has happened has happened now.

I had a feeling that would be the case as I have DD due on the 28th, logged into banking this morning and yes those DD have been taken out, available funds reflect the amount having already been taken.

blueberrypie

pqrdef wrote: »

In banking time, it's the 28th already. Next Wednesday started last night and will be 120 hours long. Everything that happens in that time will be datestamped 28th, because there's no 24th-27th on the bank calendar.

This doesn't mean you have to wait until the 28th on a normal calendar for things to happen. Anything that's already happened has already happened, irrespective of the date they put on it.

Since the payment was due to you on Wednesday, your bank received it Friday night. Most banks would have sat on it until Tuesday night before crediting your account. Evidently your bank is one of those that credits a Friday night BACS transfer to your account on the Friday night, even if they do call it the middle of next week.

I get all that...but I have a credit showing on one of my accounts dated 29th (Thursday). Definitely available for withdrawal (I've already withdrawn some of it), and it's a savings account, so it can't go overdrawn. I'm not complaining though!

dmh301

pqrdef wrote: »

In banking time, it's the 28th already. Next Wednesday started last night and will be 120 hours long. Everything that happens in that time will be datestamped 28th, because there's no 24th-27th on the bank calendar.

This doesn't mean you have to wait until the 28th on a normal calendar for things to happen. Anything that's already happened has already happened, irrespective of the date they put on it.

Since the payment was due to you on Wednesday, your bank received it Friday night. Most banks would have sat on it until Tuesday night before crediting your account. Evidently your bank is one of those that credits a Friday night BACS transfer to your account on the Friday night, even if they do call it the middle of next week.

Shame, my friends with Santander and he's got to wait till Wednesday for his jsa to go in even tho his advisor told him he'd get it before hand.

gingergee

thats good but im concerned cos, i had the amount i had in yesterday is the same as i have now, and that CSA money was 70, so id have 70 more than i do now? it does take a while usually for my accounts to even up sometimes x Im with RBS x