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How long does a bacs payment take?

Updated: 9/15/2023
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14y ago

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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.

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