You can initiate a bank transfer to your Creditcorp facility at any time of day or night, including weekends and bank holidays, using your business bank's Faster Payments service. The transfer itself leaves your account immediately, but how quickly it is applied to your Creditcorp balance depends on when our systems process incoming payments.
When does the payment post to my account?
Faster Payments received Monday to Friday during banking hours typically post within a few hours. Transfers sent late on a Friday evening, over the weekend, or on a bank holiday will be received by our payment processor but queued and applied on the next working day morning. Your dashboard will show the cleared date, not the initiated date, so do not be concerned if a Sunday evening transfer does not appear until Monday.
Does timing affect whether a payment is counted as on time?
We record payments as received on the date they clear to our account, not the date you initiated the transfer. If your due date is a Monday and you send a Faster Payment on Saturday evening, it should clear in time — but to be safe, aim to send it by Friday afternoon. If you are ever uncertain, a payment sent a day early is always better than one arriving a day late.
Direct debits and standing orders
Direct debit and standing order collections are submitted and processed on working days only. If you rely on automatic collection, the bank holiday rules described in our bank holiday article apply. Manual transfers are the only way to make a payment outside the standard banking schedule and have it apply as early as possible.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: What happens if my repayment date falls on a bank holiday?, How do I get a payment receipt or confirmation?, Can I pay from a different bank account than the one I applied with?