Why Don't Direct Debits Come Out

[emmie]

over a weekend. As i usually go into my bank account to find
that transactions don't come out, like today for instance.

[geevo]

They usually leave your bank account on the same day each month, unless this falls on a weekend or on a bank holiday where they will be taken the next working day. A direct debit will never leave your account on a weekend or bank holiday.

[emmie]

thanks, it just that i like to know that these payments go out when they are supposed to, so that means some are going out tomorrow.

[Jackdaw33]

That has always been the case. Any credits due at a weekend/B Hol are paid in the last working day before and any debits paid out the day after. Suppose Xmas Day falls on a Friday; any credits due on that date will be paid in on Thursday and any debits paid out the following Tuesday.

[fiction-factory]

I wonder though why this is still the case when the payments system is an automated process

[waterboatman]

Banks don't work over the weekend.

[fiction-factory]

Bank staff may not work on Sundays (they do open on Saturdays, certainly in the morning) but the systems work. I did a faster payments on Saturday to someone (different bank) and she received the money in her account within 10 minutes. I even got a text in between asking me to confirm my payment was genuine. But I suspect the money won't show as cleared until today (Monday). So I'm not sure why the payments can't go clear on the same day as no manual intervention is needed as far as I can see. It's not a problem for me but I'm just curious as to why payments can't go out at weekends