Salary payment times


(P Burrows) #1

Hello all!

I’m struggling to find an answer to the following question. With the bank I work it this information is common knowledge but both HSBC and Nationwide have given ridiculous answers that I hope aren’t correct.

When does HSBC and Nationwide pay in salaries? HSBC told me it was between midnight and 6am. Nationwide said anywhere from midnight to 6pm? :scream: This seems odd as banks have control of when they add BACS credits in so 6 or 18 hour windows seems unlikely. By my understanding all banks know at least one day before that a credit will be going in the next day.

To be clear I’m not talking about faster payments I’m talking about BACS Credits.

Thanks in advance all!


(Hugh Wells) #2

We apply BACS credits at 1am UTC :+1:


(P Burrows) #3

Thanks I already knew that though! Monzo seems to be one of the few that understands this question and the information was readily available when I looked for it. HSBC and Nationwide not so much…


#4

Yeah, with Halifax my salary seemed to be paid within a pretty big range from anywhere between midnight and 6am. I always assumed this was down to my employer but it’s obviously not the case.

Monzo has always been dead on at 01:00.


(Phil) #5

I got paid this week at 7:36am.
Only been in the job a couple of months. Was told it was usual to be sometimes paid at that time.
Never seen it before. It was also a day earlier than expected due to payroll outsourcing that pays whenever they like.

Either way, it was nice to get the notification.


(Ray Singh) #6

Yes all BACS credits @1am and DD’s/SO’s out @2am, always! :smiley:


(Cheryl) #7

This is really helpful to know. Next payday falls on the same day as a number of bills go out, which doesn’t often happen, so it’s good to know that the money comes in before it goes out!


#8

Apart from last Monday when it was closer to 7am. Made my scheduled payments/IFTTT angry :neutral_face: