Is good friday a bank holiday?

shepochu

Hi there I bank with RBS, and am supposed to get paid last working day of every month, but am unsure if I will be paid tomorrow (Thursday) or Friday? Any ideas?

notanewuser

Yes it is. So is Easter Monday.

dr_adidas01

shepochu wrote: »

Hi there I bank with RBS, and am supposed to get paid last working day of every month, but am unsure if I will be paid tomorrow (Thursday) or Friday? Any ideas?

Yes and has been for a few hundred years, depends on when your employer sent the payment and if the bank decide to credit it a day earlier or leave it till the Friday.

Since its an electronic payment I would think it will go into your account on Friday, best way to find out is call your bank.

SnowTiger

shepochu wrote: »

Hi there I bank with RBS, and am supposed to get paid last working day of every month, but am unsure if I will be paid tomorrow (Thursday) or Friday? Any ideas?

The 'official' answer is here: https://www.gov.uk/bank-holidays#england-and-wales (or one of the alternatives listed at the top of that page for Scotland or Northern Ireland. And it's a YES. Good Friday is a Bank Holiday.

That page's predecessor made a distinction between Public Holidays and Bank Holidays, but the new version doesn't appear to.

I thought Good Friday was a Public Holiday whereas Easter Monday is a Bank Holiday, but I've done a little Interweb searching and it seems a bit of a fuzzy matter. The terms Bank Holiday and Public Holiday seem to interchangeable.

There's a bit about it here:

A bank holiday is a public holiday in the United Kingdom or other Commonwealth countries, or a colloquialism for public holiday in Ireland. There is no automatic right to time off on these days, although banks close and the majority of the population is granted time off work or extra pay for working on these days, depending on their contract. The first official bank holidays were the four days named in the Bank Holidays Act 1871, but today the term is colloquially (albeit incorrectly) used for public holidays which are not officially bank holidays, for example Good Friday and Christmas Day[citation needed]. Many large shops open on bank holidays, when most people have a day off for shopping, heavily advertising sales and bargains.

dalesrider

dr_adidas01 wrote: »

Since its an electronic payment I would think it will go into your account on Friday, best way to find out is call your bank.

Better still ask the company paying the money.

pinkdalek

notanewuser wrote: »

Yes it is. So is Easter Monday.

Unless you are in Scotland............

shonzyd

Good friday is not a bank holiday, just like the myth of christmas day ... not a bank holiday either. Funnily enough we had this discussion at work today. Good Friday and christmas day are considered 'traditional days of rest'. purely over time we've become accustomed to calling them bank holidays, when officially they are not.

Read up on 'Banking and Financial Dealings Act 1971 - which details both 'bank holidays' and 'public holidays'

stclair

The system is still scheduled to update in the early hours Thursday night/Friday morning.

pqrdef

NatWest customers may see Thursday night's payments on Friday morning, but customers of other banks won't see them until Tuesday.

So assuming your employer wants everybody paid at the same time and they aren't all with NatWest, he will have to have timed the payroll run so that money drops into accounts this morning.

dzug1

shonzyd wrote: »

Good friday is not a bank holiday,

But the banks are closed - so for practical purposes it is whether you decide to call it that or not

pqrdef

Banks are open on Saturdays, but it's still not a banking day so far as the inter-bank payments system is concerned.