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Electronic transfer question

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  • 28-10-2011 12:08pm
    #1
    lenovoguy
    Registered Users Posts: 113 ✭✭


    Hi there

    In my job we're paid from abroad, officially on the last day of the month but in reality it jumps around the last 2-3 business days from month to month, which is really annoying and makes it hard to know when to set direct debits and things like that. We were expecting to get paid today seeing how Monday (the 31st) is a bank holiday but we weren't, so does anyone know if the banks process electronic transfers on bank holidays (I presume they don't)?

    Thanks

    L


Comments

  • Options
    #2
    ravima
    Registered Users Posts: 848 ✭✭✭ravima


    You are correct - they don't


  • Options
    #3
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    The next processing day is Tuesday 1st.

    However there is an overnight update tonight and then nothing until Tuesday's overnight update.

    Check your account Saturday morning.

    EDIT - another way of explaining it is.

    "What you see being debited or credited from your bank account on a Monday morning has been there since the overnight update on Friday".

    As Monday is a bank holiday the principle applies for Tuesday.


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