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Q:

When do the funds need to be in my account to meet a Faster Payment?

A:

For immediate payments the funds must be in your account on the credit date, because this is when the payment will be funds-checked.

For next-day and future-dated payments the funds must in your account by the end of the day before the credit date.

Having funds in place ensures the payment is released to the beneficiary bank at the earliest opportunity.

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