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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Quick question about standing orders
cmw1212
Posts: 483 Forumite
I have a standing order set up to go out on Thursday from my Natwest account at the moment I have just enough to cover it someone is going to put some money in on Thursday I am wondering if it will be safe to take some out today- don't want to get charged, I only have a basic account so no overdraft by the way.
Hope this makes sense.
Hope this makes sense.
"It's nice to be important but it's more important to be nice." :T
0
Comments
-
I have a standing order set up to go out on Thursday from my Natwest account at the moment I have just enough to cover it someone is going to put some money in on Thursday I am wondering if it will be safe to take some out today- don't want to get charged, I only have a basic account so no overdraft by the way.
Hope this makes sense.
No, not safe.
You don't know at what time on Thursday the funds will be credited to your account, and depending on the method the person uses and the systems linking her/his bank branch with yours the money might take longer than a couple of hours. And you have to assume that the SO will leave your account soon after midnight, in the very early hours of Thursday morning.0 -
Yeah that's what I thought, I know BACS payments go in to Natwest at 2am so assume SO's go out at same time- the person lending is with Natwest too and has no money til Thurs either."It's nice to be important but it's more important to be nice." :T0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards