Direct debits on bank holidays?

[manchestergirly]

Does anyone know if you’ve set up a direct debit and the company has the payment date on a bank holiday what will happen?

I’m really worried it will show as a missed payment although I thought direct debit was meant to handle that?

Should I be feeling impending doom?

they should come out the next working day

First thing Tuesday your account with be minus ££££ when they take the dd's!!

Thanks! It won’t be counted as late or anything right? I’m so ignorant about this

It almost certainly won't be counted as late so no need to worry. If it's a credit card, the payment date is adjusted for weekends anyway so it's the same as that.

Direct debits are controlled by the payee so they take the money on a day of their choosing so if it's delayed by a bank holiday it's because they didn't ask for the money sooner, ie their fault not yours.

But not sure why direct debits don't move on weekends and bank holidays, it's not like a person has to be in work to press buttons, it must all happen automatically surely?

No, it’s fine, it will come out tomorrow instead and will not count as late.

My dd due out today went out saturday. Im with natwest. The dd date is just a guide they can take it a few days either side no bother.

Thank you so much for the reassurances! I’m so scared of doing anything to jepodize being able to rent somewhere.