or midnight on the 31st
2007-01-25 18:47:31 · 14 answers · asked by Anonymous in Business & Finance ➔ Credit
Basically, it depends on your agreement with your employer, but if there is no stipulated term in your appointment contract as to when you receive your pay, then it depends on your employer's policy and arrangement with the bank. That you get paid (i.e. your salary becomes due) on the last day of the month does not necessarily mean the money goes into your account the previous night (only if you have a generous employer). Your pay could be credited into your account at start of work or any time before close of work on the LAST WORKING DAY of the month, it depends on your employer's preference. All that matters is that you get access to your funds that day. So, if you are paid before close of work then it means that you are paid in arrears for the remaining hours in the last working day
2007-01-25 19:45:03 · answer #1 · answered by sopedalley 2 · 0⤊ 0⤋
It actually depends on your bank but it should be accessible at some point on the 31st.
Some banks automatically put it in your account at midnight the turn of the day between the 30th and the 31st, some won't put it in until the early hours of the 31st and I've known some banks that didn't put the wages in until lunch time on pay day!
2007-01-26 03:00:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It actually goes in about 4:00 a.m. on the morning of the 31st. If it went in at midnight on the 31st, it would actually be the 1st so it would be late. Hope this makes sense, but it is how it works.
2007-01-26 02:56:09 · answer #3 · answered by aquiellez 3 · 0⤊ 0⤋
midnight the 30th ready for the 31st!
2007-01-26 03:35:09 · answer #4 · answered by mamof14now 2 · 0⤊ 0⤋
Sometime between midnight and 8am of the 31st, usually - i.e. if you went to your account at 8am on the 31st, it should be there.
2007-01-26 03:00:43 · answer #5 · answered by RM 6 · 0⤊ 0⤋
most times it does not get there til some time later but it is normally before 8:00am on the 31st if it is a 31 day month.
2007-01-26 02:57:02 · answer #6 · answered by Aviator1013 4 · 0⤊ 0⤋
according to the banks our employees use they have until 5pm on the 31st to actually credit it to the account.
in reality it usually goes in about midnight/1am and is in there when you wake up in the morning, but dont rely upon it being so.
2007-01-26 05:27:18 · answer #7 · answered by alatoruk 5 · 0⤊ 0⤋
midnight on the 30th. on midnight the 29th on the months that only have 30 days.
2007-01-29 00:42:57 · answer #8 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
The money should be available for you on the 31st of the month.
2007-01-26 02:56:20 · answer #9 · answered by Anonymous · 0⤊ 0⤋
The company may in fact pay you early to preclude hang ups. We used to have to pay 3 days before to make sure it was there before the months end, ie close of work on the last working day of the month excluding saturdays.
2007-01-26 02:56:00 · answer #10 · answered by rinfrance 4 · 0⤊ 0⤋