BACS on a Saturday

baronga

mab3000 said:

baronga said:

mab3000 said:

OP did the payment go in today? 

No it didn't

Mustn’t have been due to go into the account on Monday then. When did the university process the payment? 

So they messed me about and it turns out that they only sent the payment today (Wednesday)

Does anyone have any insight as to whether this will mean I will receive it in my account on Saturday as per this discussion, or will it be next week?

eskbanker

baronga said:

So they messed me about and it turns out that they only sent the payment today (Wednesday)

Does anyone have any insight as to whether this will mean I will receive it in my account on Saturday as per this discussion, or will it be next week?

See first reply on page 1 - it should arrive on Friday....

baronga

eskbanker said:

baronga said:

So they messed me about and it turns out that they only sent the payment today (Wednesday)

Does anyone have any insight as to whether this will mean I will receive it in my account on Saturday as per this discussion, or will it be next week?

See first reply on page 1 - it should arrive on Friday....

I am just not sure this is true from past experiences and people seem to disagree

y3sitsm3

baronga said:

eskbanker said:

baronga said:

So they messed me about and it turns out that they only sent the payment today (Wednesday)

Does anyone have any insight as to whether this will mean I will receive it in my account on Saturday as per this discussion, or will it be next week?

See first reply on page 1 - it should arrive on Friday....

I am just not sure this is true from past experiences and people seem to disagree

It is true from my experience of countless years of BACS payments.

eskbanker

baronga said:

eskbanker said:

baronga said:

So they messed me about and it turns out that they only sent the payment today (Wednesday)

Does anyone have any insight as to whether this will mean I will receive it in my account on Saturday as per this discussion, or will it be next week?

See first reply on page 1 - it should arrive on Friday....

I am just not sure this is true from past experiences and people seem to disagree

Up to you what/who you choose to believe, but straight from the horse's mouth:

BACS PROCESSING CYCLE 

Input – day 1 

Input day is the latest day a business user/bureau may submit a payment file to Bacs for a processing cycle. Payment files must be transmitted to Bacs between 07.00 and 22.30. 

Processing – day 2 

Files are delivered to the recipient banks which then process each payment. 

Entry – day 3 

Payments are simultaneously credited to the recipients’ accounts and debited from your account.