How is this fair.

EarthBoy

dunstonh said:

I would like to know why the bank is unable to complete this standing order on the 1st if that date falls over the weekend but they will allow the account to go into an over draft and charge interest during that time.

Payments due in (e.g. salary) will be processed earlier by the employer to arrive on the Friday.  

That's usually the case, but I have heard of companies who pay their staff on the Monday if payday falls at the weekend.  Also, if you're paid by Faster Payments, you could get your money at the weekend if that's when they send it.  Although most people are paid by BACS, a friend of mine works for a private company where the boss pays all the staff manually by Faster Payments on payday, even Saturday and Sunday.