LLOYDS TSB BACS derails my big purchase.....

DevCoder

MasterPoo wrote: »

Tell me about it! So highly annoying. Lloyds should really get their act together and should've rectified this situation by today, but they haven't. I suspect I will have to wait until Mon, Tue, Wed, Thur, Fri:mad::mad:

How do you know Lloyds have a BACS issue? Because your client told you?

System

Many organisations would just send credits as a Faster Payment if they've had BACS problems or missed the submission date.

Best to wait until you've got cleared funds before spending them, particularly when you're a contractor and not an employee!

Thrugelmir

MasterPoo wrote: »

I have zero clue as to the details. I invoice them on the last day of the month (31 Oct 14), my invoice clearly states 5 days from date of invoice, which they have been adhering to, until today:mad:

What has either Lloyds or the TSB got to do with this?

5 days isn't long for payment to be in your bank account. Any number of reasons could have caused a short delay.

chanz4

your lucky with 5 days, most companys ignore and pay 14-28 days

MasterPoo

krisdorey wrote: »

How do you know Lloyds have a BACS issue? Because your client told you?

Yes.

Maybe I'm being naive, I've no reason to doubt what they say is true, but you just never know. Client is a huge international co, but these days that doesn't mean anything, does it?

MasterPoo

Thrugelmir wrote: »

What has either Lloyds or the TSB got to do with this?

5 days isn't long for payment to be in your bank account. Any number of reasons could have caused a short delay.

In MY case, with THIS client it's 5 days, always has been, never had a problem before now. They employ a lot of Contractors, and everyone is paid 5 days from date of invoice. I've been contracting for over 5 years, many different clients, and I've yet to be paid 28 days after invoice.

I really don't understand your train of thought re: your question? My Client has told me that is the reason, I have clearly stated that in OP, am I missing something??

jonesMUFCforever

OP - Have you considered that the error might actually be caused by the sender either missing the cut off time for sending their BACS tape or be over limit which might need authorisation before being sent?


You don't think that they will only be sending one payment to you by BACS do you?

MasterPoo

jonesMUFCforever wrote: »

OP - Have you considered that the error might actually be caused by the sender either missing the cut off time for sending their BACS tape or be over limit which might need authorisation before being sent?


You don't think that they will only be sending one payment to you by BACS do you?

Eeeeerrrmmmm OK........am I missing something??? Either way I'm still unable to make the big purchase I was hoping to make today, so I am still annoyed/!!!!ed off at the inconvenience of it all.

meer53

MasterPoo wrote: »

Eeeeerrrmmmm OK........am I missing something??? Either way I'm still unable to make the big purchase I was hoping to make today, so I am still annoyed/!!!!ed off at the inconvenience of it all.

What were you hoping to buy that won't still be there in a few days ?

jonesMUFCforever

MasterPoo wrote: »

Eeeeerrrmmmm OK........am I missing something??? Either way I'm still unable to make the big purchase I was hoping to make today, so I am still annoyed/!!!!ed off at the inconvenience of it all.

I know but you are blaming Lloyds Bank when you have no proof that they are to blame.