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The Faster Payments Cut Off Times List

Bridlington1
Bridlington1 Posts: 4,312 Forumite
1,000 Posts Third Anniversary Photogenic Name Dropper
in Savings & investments

Welcome to this thread. The purpose of this thread is to provide a regularly updated list of the cut off times for faster payments made into the savings accounts offered by various banks and building societies to begin earning interest the same day.

Given the sheer number of banks/building societies there's bound to be some I've missed so if anyone notices any errors or there are accounts missing, feel free to post a message in this thread with the cut off time and I can add it to the list.

At present I'm only maintaining a list of cut off times for faster payments made into the account to begin earning interest the same day, however do not rule out expanding the list to include the cut off times for faster payments out at some stage in the future, it'll depend on demand and how much time I have on my hands.

I intend this thread to be specifically for faster payment cut off times. If you wish to discuss anything account specific, please use one of the designated discussion threads or launch a new thread.

Regular savers- Top Regular Saver Discussion Thread:

https://forums.moneysavingexpert.com/discussion/6576962/the-top-regular-savers-discussion-thread/p1

Easy access accounts- The New Top Easy Access Discussion Area:

https://forums.moneysavingexpert.com/discussion/6534798/the-new-top-easy-access-savings-discussion-area/p1

Cash ISAs- Cash ISAs- The Best Currently Available List:

https://forums.moneysavingexpert.com/discussion/401374/cash-isas-the-best-currently-available-list/p1

Notice accounts- Notice Accounts:

https://forums.moneysavingexpert.com/discussion/6370428/notice-accounts/p1

Fixed rate bonds- The Top Fixed Interest Savings Discussion Area:

https://forums.moneysavingexpert.com/discussion/6332491/the-top-fixed-interest-savings-discussion-area/p1


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Comments

  • Bridlington1
    Bridlington1 Posts: 4,312 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Reserved for future use
  • Bridlington1
    Bridlington1 Posts: 4,312 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Reserved for future use.
  • Born2Save_3
    Born2Save_3 Posts: 216 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Thank you Bridlington1. This is incredibly useful. Your participation and contributions to all threads are greatly appreciated by many.
  • roose0
    roose0 Posts: 14 Forumite
    10 Posts
    Incredibly useful list!

    For Santander / Cahoot / Cater Allen, I think the cut-off time is between 8 to 9pm. Some eariler posts stated it's 8:15pm.
  • Growingold
    Growingold Posts: 520 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    Thank you so much for all the time and effort you put into creating and updating your lists.  I for one really appreciate it and find them very useful.
  • clairec666
    clairec666 Posts: 918 Forumite
    500 Posts Name Dropper
    Zopa - made a payment out at about 7pm last night and it hasn't earned interest for that day (easy to tell with Zopa because they show you the amount of pending interest)
  • Nebulous2
    Nebulous2 Posts: 5,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    So - to try and get my head round the implications of this. Payday for me is today. The money consistently arrives in my Santander account at 9:30pm the day before, and is freely transferable at that point. So if I moved it to my Trading 212 ISA after 9:30 yesterday  - I'd have received a days interest for yesterday? 
  • subjecttocontract
    subjecttocontract Posts: 3,126 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited Today at 11:27AM
    Presumably
    * 'no cut off' means there definitely is no cut off and
    * 'no stated cut off' means there could be a cut off but we don't know what it is ?
  • friolento
    friolento Posts: 3,016 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    roose0 said:
    Incredibly useful list!

    For Santander / Cahoot / Cater Allen, I think the cut-off time is between 8 to 9pm. Some eariler posts stated it's 8:15pm.
    I think you are right. Santander definitely state you have  until 20:15 the same working day to prevent overdraft charges. I have often made payments out of my Santander account around that time and they were executed instantly but did show with the next day’s date. I wouldn’t want to make my deposits too close to 20:15.
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