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Author Topic: BACS Pay system  (Read 2717 times)

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Baron Von Spongebob

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BACS Pay system
« on: 29 October 2007, 21:30:46 »
Anybody have some info on this.

I think it takes 3 days for money to be transfered at the maximum..

Correct me if im wrong please..Anyone with experience of doing this would be helpfull.  :y
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Chopsdad

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Re: BACS Pay system
« Reply #1 on: 29 October 2007, 21:33:51 »
BACS transfers take 2 working days - ie Bank debits your account Monday - arrives as cleared funds AM Wednesday.

Alternative is CHAPS - which is same day value - but costs around £21 for the priveledge  :y
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Baron Von Spongebob

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Re: BACS Pay system
« Reply #2 on: 29 October 2007, 21:37:22 »
Quote
BACS transfers take 2 working days - ie Bank debits your account Monday - arrives as cleared funds AM Wednesday.

Alternative is CHAPS - which is same day value - but costs around £21 for the priveledge  :y

Right then...Wheres my rather pay.. >:(

I thought so..I can smell a rat..

Vauxhall Movano for sale wednesday night if i havnt got my pay..Not  mine  the works vehicle.. :D
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Chopsdad

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Re: BACS Pay system
« Reply #3 on: 29 October 2007, 21:46:45 »
Some Bacs payments are sent by employers to an outside service, some are paid via their own equivalent of Online banking.

First thing to do is to get confirmation of the account number and sort code that the payment was sent to and check it agrees with yours.  Also confirmation of the date your employer was debited.

If there is a difference when the funds arrive at the bank (ie 1 digit wrong) they will either return it (2 days) or locate and credit your account, which will not show until tomorrow as being paid in today.

So call your Bank in the morning and check it's not there then play holy hell!



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Baron Von Spongebob

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Re: BACS Pay system
« Reply #4 on: 29 October 2007, 22:04:09 »
My boss is in Thailand..

He paid me via internet with bacs on last Wednesday night so i was told..Still no cash showing in my account.. I beleive account number is correct so i think he is pulling a fast one, Looks like it could be a short week for me as i wont continue working if i have not been paid.

Ok it is the first time he has done this but i think its an excuse..Questions will be asked angrily in the morning..

Thanks for the info..
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Chopsdad

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Re: BACS Pay system
« Reply #5 on: 29 October 2007, 22:09:42 »
Quote
My boss is in Thailand..

He paid me via internet with bacs on last Wednesday night so i was told..Still no cash showing in my account.. I beleive account number is correct so i think he is pulling a fast one, Looks like it could be a short week for me as i wont continue working if i have not been paid.

Ok it is the first time he has done this but i think its an excuse..Questions will be asked angrily in the morning..

Thanks for the info..

May be a little more complicated then.  If he's used a UK bank then my advice stands.  If he uses a Thai bank then it could take a lot, and I mean a lot longer.  2 days relate to UK transfers only. Overseas could as best take a week, at worst 2/3 weeks  :'( If he's used Internet banking though I think he's telling porkies and hasn't keyed it  - easy fix is to ask him to print a transaction report showing the wages coming out and fax it to you as a good faith gesture whilst he chases the payment.
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Chopsdad

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Re: BACS Pay system
« Reply #6 on: 29 October 2007, 22:10:33 »
I don't know much about cars, but you can trust my knowledge on this  :y
« Last Edit: 29 October 2007, 22:10:46 by Chopsdad »
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Baron Von Spongebob

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Re: BACS Pay system
« Reply #7 on: 29 October 2007, 22:15:40 »
The company bank is located in the UK.

As i said questions will be asked and answered before i do any work tomorrow.. :y
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Chopsdad

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Re: BACS Pay system
« Reply #8 on: 29 October 2007, 22:25:11 »
Quote
The company bank is located in the UK.

As i said questions will be asked and answered before i do any work tomorrow.. :y

Well I hope you get it sorted cos I won't be on-line during the day - I'm at work in my Bank, I hope it's a different one to your boss  ;D
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Re: BACS Pay system
« Reply #9 on: 29 October 2007, 22:40:17 »
Quote
Quote
The company bank is located in the UK.

As i said questions will be asked and answered before i do any work tomorrow.. :y

Well I hope you get it sorted cos I won't be on-line during the day - I'm at work in my Bank, I hope it's a different one to your boss  ;D
I thought your bank was in a van Mark?
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Baron Von Spongebob

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Re: BACS Pay system
« Reply #10 on: 29 October 2007, 23:33:38 »
Quote
Quote
Quote
The company bank is located in the UK.

As i said questions will be asked and answered before i do any work tomorrow.. :y

Well I hope you get it sorted cos I won't be on-line during the day - I'm at work in my Bank, I hope it's a different one to your boss  ;D
I thought your bank was in a van Mark?

My bosses Bank Manager operates from a block of flats in Peckham i think.. :D
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Nickbat

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Re: BACS Pay system
« Reply #11 on: 29 October 2007, 23:48:59 »
I know it!

Boysie's Bank plc, c/o Del Boy's flat, Nelson Mandela House, Peckham, London SE.  ;D ;D
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Baron Von Spongebob

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Re: BACS Pay system
« Reply #12 on: 30 October 2007, 00:01:57 »
Quote
I know it!

Boysie's Bank plc, c/o Del Boy's flat, Nelson Mandela House, Peckham, London SE.  ;D ;D

Thats the one.. ;D ;D ;D ;D
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TheBoy

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Re: BACS Pay system
« Reply #13 on: 30 October 2007, 19:28:29 »
And any update today?
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Baron Von Spongebob

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Re: BACS Pay system
« Reply #14 on: 30 October 2007, 19:37:29 »
Quote
And any update today?

Yes
Still no money  :(

Checked account numbers, Boss says it has been returned in to their bank..I phoned my bank and they said we have not received it and we would not send a BACS payment back because we understand its wages..

Funny thing is that everyone else has been paid only me no money..
When talking to  Natwest customer services which is my bank he did mention was it from HSBC, I said yes but did not question hime about why he asked.

I have requested from my boss that 2 weeks wages to be available to me at the latest ofn Friday or im walking..
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