CommittedGiving Team
NewsPlan Ahead Now And Reduce Delayed Payments: Here Are Your Key May Bank Holiday BACS Processing Dates.
With three national bank holidays in the UK during May 2023 (that’s one more than usual, thanks to the coronation of Charles III), now is a great time to plan your charity’s Direct Debit arrangements and avoid any payment delays resulting from non-processing over the bank holidays.
Here are the key bank holiday dates this May, for easy reference:
- Monday 1 May, Early May Bank Holiday.
- Mon 8 May, celebrating the Coronation of King Charles III.
- Monday 29 May, Spring Bank Holiday.
By forward planning now, you can ensure that your charity’s payments will be collected on time and in accordance with the Service User Guide and Rules so that your Direct Debits are taken correctly.
If your charity is processing in-house, we totally understand how stressful bank holiday adjustments can sometimes be for your team. As you know, it is vital that your charity’s donations, membership, and lottery Direct Debits are taken correctly.
To help you achieve this, we have prepared this useful summary of important dates for your in-house Direct Debit payment processing team:
Early May Bank Holiday 2023
| Payment Arrival Date | Processing Date | Latest Submission Update |
|---|---|---|
| Fri 28 April | Thurs 27 April | Wed 26 April |
| Tues 2 May | Fri 28 April | Thurs 27 April |
| Weds 3 May | Tues 2 May | Fri 28 April |
| Thurs 4 May | Weds 3 May | Tues 2 May |
Coronation Bank Holiday 2023
| Payment Arrival Date | Processing Date | Latest Submission Update |
|---|---|---|
| Fri 5 May | Thurs 4 May | Wed 3 May |
| Tues 9 May | Fri 5 May | Thurs 4 May |
| Weds 10 May | Tues 9 May | Fri 5 May |
| Thurs 11 May | Weds 10 May | Tues 9 May |
Late May Bank Holiday 2023
| Payment Arrival Date | Processing Date | Latest Submission Update |
|---|---|---|
| Fri 26 May | Thurs 25 May | Wed 24 May |
| Tues 30 May | Fri 26 May | Thurs 25 May |
| Weds 31 May | Tues 30 May | Fri 26 May |
| Thurs 1 June | Weds 31 May | Tues 30 May |
How will the Bank Holidays affect our existing Direct Debit clients?
The great news is that, for all our existing Direct Debit clients, we already have this covered for you. So you can just relax in the run up to the bank holidays and then sit back and enjoy the (hopefully) balmier weather, maybe even have a Coronation BBQ, safe in the knowledge that your charity’s Direct Debit donations are being processed by us and that the funds will be debited and credited correctly.
Effective payment processing is our expertise, so that is one thing less for you to worry about when you come back to work after the bank holiday.
If your Direct Debits are done in-house
If, on the other hand, your charity is processing its Direct Debits in-house and you are concerned about getting it right as well as being worried about the pressure this puts on an already overstretched team, then please do get in touch to see how we can help support you now and in the future.
Click here to find out more about our flexible Direct Debit services. There’s no initial set up fee, and we make setting up or switching, quick, easy and seamless. You could even save money – check out our quick Direct Debit Get a Quick Quote here to see how much you could save.
For all 2023 Bacs Processing Dates, you can download from the Pay.uk website by clicking here.
