BACS payment how long?.

Hi all quick question I have had quite a large bac payt released to me today (thursday).Any one know how long till it hits my lloyds tsb account.thanks guys in advance..:)...

Comments

  • InsideInsurance
    InsideInsurance Posts: 22,460 Forumite
    10,000 Posts Combo Breaker
    If it went BACS then its normally 3 working days. If it went Faster Payments then normally 15 minutes
  • Where is it coming from? It won't be coming by BACS unless it's a Direct Credit.
  • Hi both its a pyt from tax credits they advised should be on the account on tuesday but ltsb thought monday....
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    It probably is a Direct Credit then, I think Tuesday is more likely than Monday.
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Hi both its a pyt from tax credits they advised should be on the account on tuesday but ltsb thought monday....

    HMRC set the date the payment must hit your account. That's how BACS Direct Credits work. So it should be Tuesday if that's what they've advised.
    If you want to test the depth of the water .........don't use both feet !
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