standing orders running late.

trickydicky14 · 2 January at 12:01PM

I have a number of standing orders that are due to go out on the 1st and 2nd of the month, all with BOS and Lloyds. To date, none of them have gone. Is that just down to the bank holiday?

molerat · 2 January at 12:03PM

Today is a BH so SOs, DDs etc will not go out.

Band7 · 2 January at 12:05PM

As always, they will process all SOs (and DDs) scheduled for a non-working day on the next working day, i.e. tomorrow morning.

trickydicky14 · 2 January at 12:12PM

Being retired, I forgot today was a 'non-working day'. Life can be soo hard.
Thanks.

flaneurs_lobster · 2 January at 12:15PM

Clue's in the name - Bank Holiday, although Fast Payments are still good to go and some of the sexy banks use these instead of trad DDs/SOs so will still pay out on w/ends and Bank Holidays.

surreysaver · 2 January at 12:37PM

trickydicky14 said:

Being retired, I forgot today was a 'non-working day'. Life can be soo hard.
Thanks.

Whenever Christmas Day, Boxing Day or New Year's Day fall on a Saturday or Sunday, they'll be substitute Bank Holidays on the following working day(s)

Band7 · 2 January at 12:49PM

flaneurs_lobster said:

Clue's in the name - Bank Holiday, although Fast Payments are still good to go and some of the sexy banks use these instead of trad DDs/SOs so will still pay out on w/ends and Bank Holidays.

Find the threads about sexy Chase and Christmas SOs.

AmityNeon · 2 January at 2:25PM

flaneurs_lobster said:

Clue's in the name - Bank Holiday, although Fast Payments are still good to go and some of the sexy banks use these instead of trad DDs/SOs so will still pay out on w/ends and Bank Holidays.

I've heard they do, but how do challenger banks pay out DDs on non-working days? I thought DDs, as a scheme operated by Bacs, follow the strict working day cycle.