Payment Cycle Times

Supplier BACS (GBP) - every Monday and Thursday (except on bank holiday weeks, when Tuesday and Thursday).  Payments dated on Monday credit the supplier accounts on Thursday, payments dated on Thursday credit the supplier accounts on the following Tuesday.

Supplier Cheques (GBP) - every Tuesday and Friday (except on bank holiday weeks, when Wednesday and Friday).  Cheques are sent out on the following working day by second class post.

Employee & Student BACS (GBP) - every Tuesday and Friday (except on bank holiday weeks, when Wednesday and Friday).  Payments dated on Tuesday credit the employee/student accounts on Thursday, payments dated on Friday credit the employee/student accounts on the following Tuesday.

Employee & Student Cheques (GBP) - every Tuesday and Friday (except on bank holiday weeks, when Wednesday and Friday).  Cheques are sent out on the following working day by internal mail or second class post.

Foreign Payments (all types) - every Wednesday.  Payments should credit the foreign bank accounts by the end of the following week.