Allowing money to clear

Cash deposits – current accounts only

When you pay cash in at the Post Office this will be viewable on your account and available to withdraw again the same day.

Day of deposit using a Visa Debit or Cash Deposit Card: MondayTuesdayWednesdayThursdayFridaySaturday
Funds start earning interest and are available for withdrawals and card transactions:Same daySame daySame daySame daySame daySame day

Please note: Funding timescales may vary depending on the way funds are deposited. Refer to your Terms and Conditions for more information.
We have a range of services for customers with more complex needs. For further information please speak with your Relationship Director.

Cheques – current accounts only

If you pay in a cheque over the counter at the Post office®, the money will normally be available on the sixth working day after it is paid in. The timescales in the table below are for cheques paid in over the counter at the Post Office® and show when we aim to make funds available to you.

Paid in at Post Office Day cheque processedInterest paid fromFunds available

If a cheque is later returned unpaid, we will take the amount and any interest earned, out of your account up to and including the sixth working day after the day you paid the cheque into your account.

Electronic deposits

The funds received from electronic deposits, such as Faster Payment, Bacs and CHAPS will be available for use as soon as the funds have arrived in your account from the issuing bank. Please see below for a description of these payment types.

  • Faster Payment – same day payment up to the value of £100,000 per item (not available for Time Deposits)
  • Bacs – Three day payment service
  • CHAPS – Same day high value payment service (individual items usually £100,000 and above)

You can confirm the deposit has been successful by viewing your account via the online banking service, where you can also you check your account balances.

Summary of payment types and availability of funds

The table below shows you the clearance times of your funds depending upon the instruction you have given.

Instruction to transfer funds: Funds will be debited from your account:Funds should be available on:
Transfer online to another of your accounts registered with online bankingSame Banking DaySame Banking Day
Transfer to another of your accounts by speaking to a customer adviser by phone before 5pmSame Banking DaySame Banking Day
Faster Payments Single Immediate Payment5Same Banking DayWithin 2 hours
Faster Payments Future Dated Payment5Date SpecifiedDate Specified
Sponsored Bacs payment online before 7pm3rd Banking Day3rd Banking Day

For other types of transaction, such as payments by card, the funds may not show as being debited on your account until the next banking day.

So please ensure there are enough funds in your account to cover any payments or charges that may be debited on that day.

You’ll earn interest on any electronic deposit from the day we receive it. Please see your Terms and Conditions for more information.

Collecting Payments

Santander, as a member of the Bacs Payments Scheme, is able to offer our customers the capability to collect bulk payments into their account*. This is known as Bacs Direct Debit sponsorship. Direct Debiting is an effective way for organisations to collect funds from their clients into their account (from both businesses and individuals) and so improves cash flow. If you are interested in using this service please talk to your Relationship Director who will provide further detail.

* Subject to full vetting criteria being fulfilled.
5 Both the sending account and the destination account must be part of the Faster Payments Scheme for your payment to go faster.

Where Next?