Salary payment via BACS - URGENT
Discussion
We send BACS payments via the Lloyds link system - yes then can be stopped if sent but only within a short period of time. I think within the same working day you can phone up (in my case LLyoyds link) and cancel the whole batch. might be able the next day as well.
Bacs payments take 2 working days to enter the other account. sometimes 3 for B/S
Our BACS payments are batches of about 5-25 individual items each day. We have cancelled the whole batch before almost immediatly when there was a major error, but if its a small error on one payment we would normally correct on an individual basis rather than stop the whole batch.
So yes you can stop BACS payments but you need to be quick. Dont have to give a reason either.
Bacs payments take 2 working days to enter the other account. sometimes 3 for B/S
Our BACS payments are batches of about 5-25 individual items each day. We have cancelled the whole batch before almost immediatly when there was a major error, but if its a small error on one payment we would normally correct on an individual basis rather than stop the whole batch.
So yes you can stop BACS payments but you need to be quick. Dont have to give a reason either.
superlightr said:
We send BACS payments via the Lloyds link system - yes then can be stopped if sent but only within a short period of time. I think within the same working day you can phone up (in my case LLyoyds link) and cancel the whole batch. might be able the next day as well.
Bacs payments take 2 working days to enter the other account. sometimes 3 for B/S
Our BACS payments are batches of about 5-25 individual items each day. We have cancelled the whole batch before almost immediatly when there was a major error, but if its a small error on one payment we would normally correct on an individual basis rather than stop the whole batch.
So yes you can stop BACS payments but you need to be quick. Dont have to give a reason either.
thanks for the info it seems a bit underhand, that they have cancel the bacs transfer for me, and left me with no pay this month.... For an error of this magnitude i would have expected for the correction to be made in the next months pay not to cancle the whole payment..
Thanks
I had a similar thing with a wages payment into my account a few years ago. Didn't know it had even happened until I got a bank statement through which showed that they had paid TEN times more into my account that they should have but almost immediatly took it back out and put in the correct amount.
Shame on the wages department for spotting it
Neil
Shame on the wages department for spotting it
Neil
stevieb said:
superlightr said:
We send BACS payments via the Lloyds link system - yes then can be stopped if sent but only within a short period of time. I think within the same working day you can phone up (in my case LLyoyds link) and cancel the whole batch. might be able the next day as well.
Bacs payments take 2 working days to enter the other account. sometimes 3 for B/S
Our BACS payments are batches of about 5-25 individual items each day. We have cancelled the whole batch before almost immediatly when there was a major error, but if its a small error on one payment we would normally correct on an individual basis rather than stop the whole batch.
So yes you can stop BACS payments but you need to be quick. Dont have to give a reason either.
thanks for the info it seems a bit underhand, that they have cancel the bacs transfer for me, and left me with no pay this month.... For an error of this magnitude i would have expected for the correction to be made in the next months pay not to cancle the whole payment..
Thanks
I think they'd be paying my bank charges as well as my salary on Monday if they did that to me.
Unless, you've been a naughty boy and they've caught you doing something you shouldn't be doing?
not that I think you are likely to do anything naughty, but it could be a reason for the cancelled pay
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