Need some help/advice on Saturday payments!

10pence

bengal-stripe wrote: »

Some banks are processing Monday's payments (incoming as well as outgoing) in the early hours of Saturday morning. So the transactions, although dated for Monday, are already showing-up on Saturday. The majority of banks process Monday's transactions Sunday night, Monday morning.

I believe, the early processing banks are stopping that practice and fall in line with the other banks. If Barclays was one of the early processors (I don't know, I don't bank with them) it is possible that the change from the old to the new schedule has taken place just this weekend.

Correct, Barclays have stopped this practice, there was a thread over in the Banking and Budgeting section but I can't find it.

missapril75

Anthony88 wrote: »

I will update the thread tomorrow as to wether or not I have been paid .

Bogof_Babe

missapril75 wrote: »

Absolutely love that smiley!

time2getalife

10pence when did Barclays stop doing Monday's payments clearing on a Saturday. I had my ESA paid in on the Saturday last weekend and I'm with Barclays, if it has changed its been in the last week.

Murphybear

10pence wrote: »

Correct, Barclays have stopped this practice, there was a thread over in the Banking and Budgeting section but I can't find it.

Just out of interest - I bank with Barclays and my DWP and Council payments have always shown up on the Saturday rather than the Monday following.

I have just checked ( touch of insomnia) and Monday's payment is there, so if Barclays have changed it is not all accounts

10pence

My friend works there and stated they are in the process of changing it; seems it's affected some and not others.
RBS (I think) was another bank that use to clear payments early and have or will be stopping it too - it caused issues as they would clear incoming payments early but not outgoing payments such as direct debits early.

frasersmum123

Natwest do too.