Your selected question

Q:

A BACS / Faster payment has credited my account today, is this cleared funds and can it be recalled?

A:

All BACS and Faster payment credits are cleared funds on the day of crediting the account. They can be used straight away and can't be recalled.

For further information please see the links below to the Bacs and Faster payment services websites.

Bacs:

https://www.bacs.co.uk/Services/bacsschemes/bacsdirectcredit/Receivingpayments/Pages/ReceivingPayments.aspx

Faster payments:

http://www.fasterpayments.org.uk/about-us/how-faster-payments-works

Did this article answer your question?