I think it depends on your bank, your employer's bank and your employer ... only your HR can guess an answer, we can't.
So nobody can be paid ever on a Monday if it’s via a bank?It doesn't really. The wages have to be in the employees account on Monday morning (Pay Day). To meet that deadline, employers need to make the payment before Friday afternoon cut off so they are processed for Friday night batch. All banks that I am aware of will credit the funds on Friday night as there are no jobs run over the weekend to credit the funds on Sunday night.
I work in payroll. We ensure that payments are made on a certain date but not that employees will receive them on that date. Receipt dates depend on each individual's bank account.
And what time would you collect the cash?.I think I would insist on cash on that basis
And what time would you collect the cash?
Midnight Friday if pay is due on Monday, or would you wait until Monday?
Well that is plain wrong. If pay day is the 30th of every Month and it falls on a Monday, when do you instruct your bank to debit your company bank account to pay the wages. If you wait until Monday morning to make the payment, you are being very unfair to employees. If Monday is a bank holiday are you telling me that you might make employees wait until Wednesday for the wages considering you won't be paying until Tuesday. If pay day falls on a Saturday, when do make the payment? On the Friday. So why wouldn't you do the same with a Monday payday?
If I am due to be paid on the Monday and my wages aren't in my account as I go to buy my coffee on the way into work, HR and Payroll will be getting a very angry call. Even more so if I have direct debits coming out on the 30th and you are telling me that the company paid you on the 30th. I have worked for numerous multi nationals and smaller companies and I have never heard of people being told pay is the 30th but you might not get your wages on the 30th....I think I would insist on cash on that basis.
We pay weekly so this may be why it's never been an issue. Some of our employees provide non-SEPA bank accounts. We make the payment on the same day each week but have no control over when they receive it. It's not really possible for us to make the payment any earlier anyway due to the amount of processing involved before payments can be made. We have it written in contracts that we will make payment each week but receipt date depends on the individual's bank account.
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