Is a "Bank Holiday" treated any differently to a "weekend day" by the banks?

where_are_we

I use faster payments to transfer money on a Sunday from Tesco Internet Saver to my "Hub" current account to cover outgoings from the Hub on the Monday. I assume these FP`s will also work on a Bank holiday eg Tuesday 28/12/21 and Monday 3/1/22?

pafpcg

where_are_we said:

I use faster payments to transfer money on a Sunday from Tesco Internet Saver to my "Hub" current account to cover outgoings from the Hub on the Monday. I assume these FP`s will also work on a Bank holiday eg Tuesday 28/12/21 and Monday 3/1/22?

Your assumption is correct - it's what I too have done on public holidays for several years since the introduction of Faster Payments. 

What won't work for most banks is the payment of a scheduled Faster Payment to another bank on a weekend or public holiday, but a payment requested manually on the day should be possible; Tesco is/was an exception in allowing outgoing payments to be scheduled to be paid on any day - a facility that I miss from the then-interest-paying Tesco Current Accounts.

p00hsticks

Deleted_User said:

I have always thought that the term "Bank Holiday" is inappropriate when, in fact, it's effectively a day off for everyone and not just banks.

Try telling that to retail workers, emergency workers etc etc etc....

ColdIron

Forward dated payments from the Tesco Internet Saver will pay on the date you set regardless of weekend or holiday status. It's one of the things I like about it

someone

p00hsticks said:

Deleted_User said:

I have always thought that the term "Bank Holiday" is inappropriate when, in fact, it's effectively a day off for everyone and not just banks.

Try telling that to retail workers, emergency workers etc etc etc....

It's because of how they started. Bank holidays created statutory law holidays equivalent to common law holidays of Christmas Day and Good Friday by enshrining the same terms for payments on such days.

Brie

I agree it's a bit of a misnomer these days as even the banks will be open in one way or another.  

Frankly what happens with payments depends on the bank/card.  I have some things that now happen on weekends that didn't previously so it's all a bit hit and miss.

born_again

p00hsticks said:

Deleted_User said:

I have always thought that the term "Bank Holiday" is inappropriate when, in fact, it's effectively a day off for everyone and not just banks.

Try telling that to retail workers, emergency workers etc etc etc....

Try telling that to bank staff that are still working them... I always work these holidays. Only day I refuse to work is Christmas day. But many still work them.

ElegentDoDar

Deleted_User said:

I have always thought that the term "Bank Holiday" is inappropriate

Bank holiday and banks, you need to look at word folk, could be something in in it

Take it the banks are closed tomorow (monday) since a bank holiday is a holiday for the banks

born_again

ElegentDoDar said:

Deleted_User said:

I have always thought that the term "Bank Holiday" is inappropriate

Bank holiday and banks, you need to look at word folk, could be something in in it

Take it the banks are closed tomorow (monday) since a bank holiday is a holiday for the banks

Only bricks & mortar... The rest in the background are still working. 👀

Brie

born_again said:

Take it the banks are closed tomorow (monday) since a bank holiday is a holiday for the banks

Only bricks & mortar... The rest in the background are still working. 👀

Yes - even though the branches are closed there are still branch staff working as well as a good majority in the call centres.

ElegentDoDar

Brie said:

born_again said:

Take it the banks are closed tomorow (monday) since a bank holiday is a holiday for the banks

Only bricks & mortar... The rest in the background are still working. 👀

Yes - even though the branches are closed there are still branch staff working as well as a good majority in the call centres.

do you think the call centres will be open for RBS?

Do you think they can raise my daily withdrawal limit if i dont do online banking?