If payday is due on monday will wages go in on a saturday? Important.

withabix

kingfisherblue wrote: »

Perhaps it is time to move the DDs to the first day of the month, and then the OP won't face this situation again.

Depending on the company you are paying, this may lead to you having to pay twice in one month when you change the date, because systems often work on calendar months.

McKneff

withabix wrote: »

Depending on the company you are paying, this may lead to you having to pay twice in one month when you change the date, because systems often work on calendar months.

That's what I thought too.

You would be paying 28th of the month, then if you wanted to change it you would be paying a few days later on 1st or the following month.
So technically 2 lots out of one salary. Of course it would only happen the once then carry on normally

maninthestreet

BrettMorganxD wrote: »

I have direct debits going out on the 28th, which is my usual payday. Which means they will go out on friday the 25th. If my wages go in on monday it will mean I won't have money to pay all the direct debits on friday. Dad has said he could lend me some but I would rather avoid this.

Surely wages should go in on saturday for monday? if the bank takes bills for monday on a friday.

So what has happened in previous months when your payday was on a Monday (excluding Bank Holidays) ??

BrettMorganxD

maninthestreet wrote: »

So what has happened in previous months when your payday was on a Monday (excluding Bank Holidays) ??

Can't remember it was never important. Last time I was paid on a non-bank holiday monday I was living with my dad so therefore had no direct debits.

Kimberley

getmore4less wrote: »

Having DD on the same day as payday is mad.

no room for errors.

I agree. I get paid on the last working day of each month and my direct debits are payed on the 1st of each month. I'm with Natwest and Mondays transactions appear on Saturday.

skintandscared_2

I am also paid on the 28th of the month (or earlier, if 28th falls on a weekend day) and have set all my direct debits for the 29th or 1st. In my experience, DDs have never come out early. If the set date falls on a weekend, it is always the Monday after that it's taken out. Maybe I've just been lucky?! The secret is, do a simple spreadsheet with all your DDs/Standing orders on. Each month, put your salary in and have a simple formula to tell you what's left. If you spend within that, your DDs/SOs will never bounce Works for me.

jc808

BrettMorganxD wrote: »

I have direct debits going out on the 28th, which is my usual payday. Which means they will go out on friday the 25th. If my wages go in on monday it will mean I won't have money to pay all the direct debits on friday. Dad has said he could lend me some but I would rather avoid this.

Surely wages should go in on saturday for monday? if the bank takes bills for monday on a friday.

i wouldnt bother asking your bank - id ask random people on a forum as they are the best qualified to discuss your unknown banks dd policy...

Hootie19

Am I the only one who is confused by the question?

If my payday falls on a Monday, why should my salary be paid into my bank before the Monday? Apart from when the Monday is a Bank Holiday, of course.

liney

Hootie19 wrote: »

Am I the only one who is confused by the question?

If my payday falls on a Monday, why should my salary be paid into my bank before the Monday? Apart from when the Monday is a Bank Holiday, of course.

No you're not the only one. Payment will only be made early if payday falls on Saturday, Sunday or a Bank Holiday Monday. Payment should clear the prior Friday.

It appears the OP thinks his employer should pay him earlier because he has set up Direct Debits without due thought.

Sambucus_Nigra

BrettMorganxD wrote: »

Can't remember it was never important. Last time I was paid on a non-bank holiday monday I was living with my dad so therefore had no direct debits.

A pity the bank don't issue you with some sort of statement of....hang on a minute...