Virgin Bank - what day will my wages hit

gingermango

So I have recently changed banks from Santander to Virgin. This month my wages are due on Monday 23rd, and with Santander they would have been available from the monday. However a couple of colleagues have said their's are available from Saturday when payday is a monday but they banks with Barclays.

Does anyone know what day they will go into a Virgin account?

planteria

in short, no..
but perhaps your employer banks with Barclays, and so the payments to colleagues arrive and are available instantly?
unless there's a really important reason i wouldn't worry, i would just bank with who you want to bank with and receive your salary and use it as you need/choose:)

boo_star

gingermango wrote: »

So I have recently changed banks from Santander to Virgin. This month my wages are due on Monday 23rd, and with Santander they would have been available from the monday. However a couple of colleagues have said their's are available from Saturday when payday is a monday but they banks with Barclays.

Does anyone know what day they will go into a Virgin account?

Some banks process Monday's credits and debits early. Barclays may be one of them (although I think the banks that do it are phasing it out.)

You'll be paid, at the latest, by Monday morning.

boo_star

planteria wrote: »

in short, no..
but perhaps your employer banks with Barclays, and so the payments to colleagues arrive and are available instantly?
unless there's a really important reason i wouldn't worry, i would just bank with who you want to bank with and receive your salary and use it as you need/choose:)

It's an old wives tale. Banking with the same bank as your employer makes no difference.

They'll specify the date it should be paid in with their BACS direct credit instructions.

System

It used to be the case that some intra-bank payments would bypass the BACS cycle.

When I was a student, the Student Loans would arrive earlier in NatWest and RBS accounts than other bank accounts.