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Payment Due 2nd Jan 2025

Hi,

My maintenance loan payment is due 2nd January 2025, but i also bank with monzo so will get paid a day earlier, as it takes 3 days for bacs to clear will SFE be paying this sooner?

On my account it says 'Payment in progress - Your payment is on its way. It can take up to three working days for it to show in your bank account'

which seems to me like they have already issued the bacs - todays date is 28/12/24

Reply 1

SFE Jason

Official Rep

Original post by DWALSHAW123

Hi,
My maintenance loan payment is due 2nd January 2025, but i also bank with monzo so will get paid a day earlier, as it takes 3 days for bacs to clear will SFE be paying this sooner?
On my account it says 'Payment in progress - Your payment is on its way. It can take up to three working days for it to show in your bank account'
which seems to me like they have already issued the bacs - todays date is 28/12/24

Hi there, payments change to 'payment in progress' a few working days before these are paid. We can't confirm if this would be paid earlier as its dependant on the bank so if the payment date is the 2nd then we'd advise monitoring your account around this date. Thanks, Jason

Reply 2

Keverton83

Original post by DWALSHAW123

Hi, My maintenance loan payment is due 2nd January 2025, but i also bank with monzo so will get paid a day earlier, as it takes 3 days for bacs to clear will SFE be paying this sooner?On my account it says 'Payment in progress - Your payment is on its way. It can take up to three working days for it to show in your bank account'which seems to me like they have already issued the bacs - todays date is 28/12/24

I’m the same as you I’m expecting to see it shadowed in account tomorrow and available after 4pm fingers crossed