When your scheduled repayment date falls on a UK public bank holiday or a weekend, collection moves to the next working day. No interest accrues for that short shift and no late-payment flag is raised.
How the date shift works
Our payment system uses the standard UK banking calendar. If your due date is a Saturday, Sunday, or a recognised bank holiday in England and Wales, the collection attempt is pushed forward to the next business day. For Credicorp Slice instalments, the same rule applies to each of the three or four weekly payments in your schedule.
Scottish and Northern Irish bank holidays
Some bank holidays differ between the four nations. We follow the England and Wales calendar for payment processing regardless of where your company is registered. If a date is a holiday in Scotland but not in England, collection proceeds on the original date.
Planning ahead around long weekends
Around Easter or late August you may have two or three consecutive non-banking days. It is worth ensuring your business account holds sufficient funds from the Friday before, because the direct debit or standing order will collect on the next available Tuesday. If you expect a cash-flow gap around a bank holiday, contact us before the holiday period so we have time to note your account.
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: Can I set up a standing order to cover my repayments?, What does a failed payment look like on my account?, Can I reschedule a single repayment?