LTSB - Monday 16 July - invalid date?

LittleVoice

Anyone else getting notified by the LTSB site that 16 July 2007 is an invalid date and not a bank working day? Yesterday evening my payment to go out today was rejected for 16 and set for 17 July. Tried to change it this morning and site says 16 07 2007 is an invalid date!

smithja

It might have been too late for the bank to put the payment through the BACS system. Only thing I can think of.

dunstonh

For a scheduled payment, you need 3 days. If you want quicker and its a transfer then use the immediate option. If it was an amendment, then it is too late as payments for the 16th would already have been showing on the 14th.

Dagobert

This is a TSB feature. You cannot arrange payments to go out on the same day. The earliest a payment can leave your account is the next working day, regardless wether you specify the payment date or choose As soon as possible.

This has nothing to do with BACS; TSB are not passing the instructions to the BACS system on that day.

With HSBC and Barclays (and building societies which use those banks as clearing banks) it is possible to arrange immediate BACS payments. A payment arranged on Monday to leave a Barclays or HSBC account will arrive on Wednesday, whereas from TSB it will arrive on Thursday because of the delayed processing.

After TSB's cut-off point (not sure what time that is), instructions are treated as if they were made on the next working day.