My friend just asked me this and i have wondered myself.
When you are payed by BACS, does your account get credited at 12am on the dot?
2006-07-25 10:38:32 · 19 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
it depends on your bank.. call them and ask them.
2006-07-25 10:41:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The bank runs a program to update the accounts at 00:00, depending on the speed of the system and where your name appears in the list (alphabetical by surname) it can be from a few mins to 3 or 4 hours
2006-07-25 17:43:27 · answer #2 · answered by Daryl 2 · 0⤊ 0⤋
The money will be cleared in your account 4 working days after payment, in this case Thursday AM. Enjoy
2006-07-25 21:45:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
My pay is accessible a few seconds past midnight on pay day. I think it goes into a holding account the day before, and is transferred over the second pay day arrives.
2006-07-26 03:59:26 · answer #4 · answered by k 7 · 0⤊ 0⤋
I think to be on the safe side you should give it a couple of hours extra before you try to get the funds out of my account.
2006-07-25 17:42:28 · answer #5 · answered by M J H 3 · 0⤊ 0⤋
If it is direct deposit by your company to your bank account, they should be available by close of business on payday; however, depending on your bank's policy about "holds on accounts" it may not be available until Monday. You really need to ask this question of your bank.
2006-07-25 17:44:09 · answer #6 · answered by TexanByChoice 2 · 0⤊ 0⤋
Mine is always in when the banks open. And if my payday is at the weekend it still goes in Friday when the banks open
2006-07-25 17:49:53 · answer #7 · answered by Jeanette 7 · 0⤊ 0⤋
I don't know but when I log on to my bank account at 8.00am on payday it is always there - I have never tried checking it earlier than that
2006-07-25 17:42:23 · answer #8 · answered by The Mad cyclist 4 · 0⤊ 0⤋
Your pay is due in your account by the end of business on your payday.
2006-07-25 20:18:04 · answer #9 · answered by Mrs.S 2 · 0⤊ 0⤋
Before 6am
2006-07-25 17:42:11 · answer #10 · answered by clair 3 · 0⤊ 0⤋
Usually between 12a.m. and 2a.m. that Friday morning, using direct deposit.
2006-07-25 17:42:59 · answer #11 · answered by Jylsamynne 5 · 0⤊ 0⤋