When will the money from a standing order credit the beneficiarys account?
Standing orders where the beneficiary’s account details begin 40 (ie, HSBC accounts), will normally be received on the same day as the standing order is sent, (subject to sufficient funds including any agreed overdraft covering the standing order payment being in your account on that day). All other standing orders will normally take 3 working days from the day the standing order is sent (subject to weekends, non-working days, cut-off times and sufficient funds including any agreed overdraft covering the standing order payment being in your account on that day).
Standing Orders where the beneficiary’s account details begin 40 (i.e. HSBC accounts), will normally be received on the same day as the Standing Order is sent, (subject to sufficient funds, including any agreed overdraft, covering the Standing Order payment being in your account on that day). Standing Orders being sent within the Standing Order Faster Payment limit, and paid to banks participating in the Faster Payment scheme, will be received the same day by the beneficiary bank. To check the payments limit and if the beneficiary bank participates in the scheme please check the UK Payments website: www.ukpayments.org.uk HSBC Faster Payment limit is £20 from 24th September 2010; this will be increased to £50 from 05th October 2010. All other Standing Orders will take up to 3 working days from the day the standing order is sent to reach the beneficiary bank (subject to cut-off times, amount and sufficient funds including any agreed overdraft covering the standing order payment being in
