Bank holidays transfers

[Deleted User]

Hello.
I've got a account which l can transfer money into over 14 days but l just realised  its a bank holiday Monday so will my intended  payment go through or will the bank not do the transaction  until Tuesday?

[Deleted User]

Monday was my last day of paying into account. 1 year fixed bond.

born_again

Well it's not classed as a working day.

Maybe ring bank & ask if paying now will see it as being classed as paid in time.

Placitasgirl

If you make the payment now (after banking hours and with Monday being a bank holiday) it be dated Tuesday as there will be no transactions dated Saturday, Sunday or Monday. 

refluxer

Which bank is it ? With some, payments in are instant or within a few hours. Some process payments over the weekend and some don't.

You won't get an extension on the 14 day limit due to the bank holiday so you'll only be out of luck if the bank you've chosen doesn't process payments until the 'next working day'.

gravel_2

There's not much you can do about it either way. If it lands, it lands. If not then you can always open another fixed account.

JGB1955

NatWest don't work 'at the weekend'.  Who do you bank with?

[Deleted User]

This money will come from HSBC  to Hodge bank.

[Deleted User]

born_again said:

Well it's not classed as a working day.

Maybe ring bank & ask if paying now will see it as being classed as paid in time.

Will they still be working now?
5.45pm

[Deleted User]

Placitasgirl said:

If you make the payment now (after banking hours and with Monday being a bank holiday) it be dated Tuesday as there will be no transactions dated Saturday, Sunday or Monday. 

Do you know l was so fixated  on the Monday l forgot about the weekend too. 

refluxer

[Deleted User] said:

This money will come from HSBC  to Hodge bank.

I have a number of fixed rate accounts with Hodge and online BACs payments into all of them from my current account were either instant or took 1 minute at the most. The payments weren't made at the weekends, but many were made during the late evenings and one was even in the early hours of the morning, which implies that they are processed automatically.

I wouldn't leave it until the last minute though - if you make a payment now, it should be fine - at least in my experience. You should get a confirmation email fairly quickly although on one occasion this did take a while to arrive.

If you're on Hodge's banking website at the time you make the deposit, I found you need to log out and back in again to see the processed payment and new balance.