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Can payments go on a weekend or bank holiday?

Payments on weekends and bank holidays depend on which Payment Scheme your bank or senders bank uses. Photo by Estée Janssens.

Most of the UK has eight permanent bank holidays per year: New Year’s Day, Good Friday, Easter Monday, May Day, Spring Bank Holiday, Late Summer, Christmas Day and Boxing Day.

Faster Payments

Payments using Faster Payments can be made and typically clear in about 10 seconds. The can be made on all weekends and bank holidays. These are typically one-off payments made when you use online or mobile banking.

Standing Orders

Although Standing Orders are often sent via the Faster Payments scheme, they still operate only on weekdays. Standing Orders falling on a weekend or bank holiday will be sent on the next working day.

Direct Debits and Credits

Direct Debit and Credits are processed by most banks using BACS.

Since BACS only run on business working days, this can affect the payment dates. BACS usually takes 2 business days to complete, so if a payment is due to go out on a Saturday, it will instead be made on the Monday.

For credits to you account such as payroll, most providers will adjust the submission date so that you get your payment early.

Direct Debits and Credits on Bank Holidays

BACS is also unavailable on bank holidays so payment dates can also be delayed.

E.g. Monday 31 May 2021 is a bank holiday in the UK, which means that the process for debiting/crediting payments due on the following Tuesday and Wednesday in both cases will need to start a day earlier than normal. 

For example, if any Direct Debit or Direct Credit payments are to be debited / credited on Tuesday 1 or Wednesday 2 June 2021, then the latest submission dates are Thursday 27 and Friday 28 May 2021, respectively. 

Next : See full BACS Calendar or more about UK Payment Schemes.

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