3 working days. Same as most UK banks.
BACS was created in 1968.
BP stands for Bill Payment - the payment has been transferred from another bank account. BP actually stands for BACS Payment. Which is Bankers' Automated Clearing Services'.
Bankers Automated Clearing System a transfer of money electronically from one bank to another without a cheque or postal system.
There are many services been offered by Lloyds Business Banking such as payment services which include Cardnet, Bulk payment services, Teledebit, BACS direct, Online payment control systems, CHAPS and faster payments.
BACS is an acronym for "Bankers' Automated Clearing Services."
Should be like any other bacs payment. Starts from midnight, up until the bank closes at 5pm. Usually last payments are sent around 3pm. However if they pay it in using faster payment service, it can hit your account anytime..day or night
A BACS payment can go in during the same day and immediately in some cases, depending on the bank and whether the payment is a regular payment. Payments between the same banks usually go through in a day and in some cases immediately. Transactions between different banks usually go in within a day of being processed. Others may take up to two days the reason being, If the money is seen to be entering your bank on the same day you may not be able to withdraw from it as the creditor will have the option to reverse the payment up until the close of business, and for this reason may not be able to draw on the funds until the following day. Best idea is to call your bank as they would be able to see incoming transactions and will advise you as to when you can draw on the funds.
BAC, or BACS as it is sometimes called, stands for Bankers Automated Clearance System. Basically it's an automated payment. For example, a salary - your employers bank has your banking details, so they can automatically pay your wages when they are due.
30%
30 percent
30 percent