I got fed up of having to ask tenants for rent so asked them to pay by standing order. For first 5 weeks, both of them paid - with funds arriving in my nib account every Wednesday.
This week, only one of the two payments came in on Wednesday. The other arrived Thursday. My understanding was that Standing Orders were setup in a way that the transfer date was guaranteed ie. will definitely get transferred on the x day of month or x day of week.
Can I assume that one of my tenants has just been transferring manually by online banking.
The only other thing that I can think of is that NIB's online banking and their transaction alert emails are not up to speed. How likely is this?
This week, only one of the two payments came in on Wednesday. The other arrived Thursday. My understanding was that Standing Orders were setup in a way that the transfer date was guaranteed ie. will definitely get transferred on the x day of month or x day of week.
Can I assume that one of my tenants has just been transferring manually by online banking.
The only other thing that I can think of is that NIB's online banking and their transaction alert emails are not up to speed. How likely is this?