I got my financial notification yesterday and my estimated date of payment was 14th Oct, but it hasn't come yet and I need to pay my rent! Could it just be late or gone to a random account somewhere? Argh! I have no phoneline atm so can't ring them (just moved house).
if its a university, the payment dates are usually the first day of each term. this works as long as you have applied in plenty of time and therefore have your final notification and payment schedule letters by the first day of the academic year.
once you have the letters and have registered, payment is usually into your bank withinn 3-5 working days i think.
obviously the payments at the beginning of the spring and summer terms aren't affected by when you registered so should go in on the first day back.