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BACS Payment
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Old 07-01-2010, 17:08   #1
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BACS Payment

If the money was submitted on a Tuesday, but around 5pm or 6pm, how long would it take to appear? would that tuesday be classed as a day for it to clear?

What time must the money be submitted by for it to be classed as a whole day?
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Old 07-01-2010, 17:24   #2
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Re: BACS Payment

It takes 3 days usually, although I am sure mine clears quicker, perhaps because I bank at the same branch as the company I work for...
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Old 07-01-2010, 18:15   #3
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Re: BACS Payment

I always though the cutoff was 3:30pm? before that it's the same day. after that it's processed as the next working day
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Old 07-01-2010, 18:56   #4
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Re: BACS Payment

Usually takes about 3 days
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Old 08-01-2010, 18:36   #5
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Re: BACS Payment

Depends on your bank - mine says any payments submitted fter 5pm count as submitted the following day. As for how long to get to destination, again depends on your bank - mine now arrive the following day, see http://www.ukpayments.org.uk/ for details on faster payments.
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