We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Bacs payment help

Hi

How long does it take for a Bacs payment to clear into my account. It was paid in today. I know it used to be about 3 days is this still the case or has this improved since the FPS came into effect?

Thanks
CashBack earned to date - £1244-58

Comments

  • bengal-stripe
    bengal-stripe Posts: 3,354 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I don't think, BACS payments are used any longer, everything goes by FP.

    But whatever payment method is used, the transfer must arrive in the receiving account no later then the end of the next business day.
  • Super thanks for that it. It would proberbly explain why i could only find old infomation on Bacs
    CashBack earned to date - £1244-58
  • Gromitt
    Gromitt Posts: 5,063 Forumite
    If its a company, its most likely going to be paid via BACS Credit, in which case it'll still take upto 3 days.

    If its from an individuals current account, then it'll arrive by the end of the working day after it was requested at the latest.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.