Non-motoring > BACS PAYMENT Miscellaneous
Thread Author: MD Replies: 7
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New Sat 24 Nov 12 09:34 
 BACS PAYMENT - MD
I was supposedly sent a BACS payment on Thursday morning and it is still not showing in my account. How long do these normally take please.

Reg's....M.
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New Sat 24 Nov 12 09:44 
 BACS PAYMENT - Bromptonaut
Most banks now operate 'faster payments' and transfer is pretty well instant. Certainly so between the MIL's Barclays and our Santander account in either direction.

If for some reason it's still three working days then I guess you might be waiting until Tuesday but I thought that was the exception now.
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New Sat 24 Nov 12 09:48 
 BACS PAYMENT - MD
Most pay by FP, but this was specifically BACS, well according to the sender anyway.
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New Sat 24 Nov 12 09:51 
 BACS PAYMENT - Clk Sec
Three working days in my experience, but I much prefer the 'faster payments' method, as BACS will be delayed by weekends and bank holidays. I even had one that disappeared into someone else's account for a few weeks.
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New Sat 24 Nov 12 09:58 
 BACS PAYMENT - CGNorwich
BACS is three working days. Useful info. here.


www.payyourway.org.uk/payments-explained/
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New Sat 24 Nov 12 10:26 
 BACS PAYMENT - MD
Thanks CG and to everyone else. Sorted.
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New Sat 24 Nov 12 11:41 
 BACS PAYMENT - zippy
For what its worth, if sending a largish amount to a new account it is a good idea to start with £1 then when you are sure that it has transferred correctly (by checking with the owner of the account) transfer the rest. That way you know that the account number is correct.

It can be a nightmare if the payment goes to the wrong account.
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New Sat 24 Nov 12 14:31 
 BACS PAYMENT - MD
Also noted. Wise one. Thanks.
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