Payment Times

Payments in to your Ffrees Account

  • BACS - Processed daily and will show in your Ffrees Account at 8.05am on the third working day ?

    Example: If the sender pays in to your Ffrees Account using BACS before 2pm on a Monday, the funds will be in your account on Wednesday morning. If the sender pays in to your Ffrees Account after 2pm on a Monday, the funds will be in your Ffrees Account on Thursday morning.

    after the payment was sent. Student loan payments are done by BACS, but will be processed in the evening of the third working day, rather than the morning.
  • Faster / Immediate Payments - These payments are processed hourly, 7 days a week. Faster / Immediate Payments (including PayPal withdrawals) are usually in your Ffrees Account in the next processing time after we receive them, but we can’t guarantee when we'll actually receive the funds. Although a transfer will be seen as having left the sender’s account, it may not have actually left the sending bank.

    Note: Whether or not a payment comes though to you via BACS or Faster Payments depends on the sender’s bank. To find a full list of banks that send funds using Faster Payments click here.

  • CHAPS / Same-Day - Unfortunately, Ffrees Accounts can’t currently accept these payments.
  • PayPoint - Payments made through a PayPoint retailer will be in your account within 30 minutes.
  • Refunds - We can’t guarantee when a refund will reach us. They do tend to take some time to work their way through the banking system and your Ffrees Account will be credited as soon as they’re received. Winnings from gambling sites are usually processed as refunds.

Payments out of your Ffrees Account

Payments are made out of Ffrees Accounts on working days. If a payment is requested on a Saturday, the times will apply to the next working day.

  • BACS (future-dated) - Sent out of Ffrees Accounts at 5pm on working days and will reach the recipient’s bank on the morning of the third working day ?

    Example: If you pay money out of your Ffrees Account using BACS before 2pm on a Monday, the funds will be in the recipient’s account on Wednesday morning. If you pay money out of your Ffrees Account after 2pm on a Monday, the funds will be in the recipient’s account on Thursday morning. There isn't a fee for a future-dated BACS transfer.

    . There isn’t a fee for future-dated BACS transfers.
  • Standing Orders - Sent out of Ffrees Accounts at 5pm on working days. These transfers will reach the recipient’s bank on the morning of the third working day.
  • Next-Day Transfer - Sent out of Ffrees Accounts at 5pm on working days and will reach the recipient’s bank by close of business on the following working day. A fee will apply for this. Please check your fees table for more information.
  • CHAPS - Sent from Ffrees Accounts at 2.30pm on each working day and will reach the recipient’s bank by close of business on that working day. A fee will apply for this. Please check your fees table for more information.
  • Faster/Immediate Payments - We don’t currently support Faster / Immediate Payments out of your Ffrees Account, but this is something we’re working hard to offer as soon as possible. Watch this space.