Same-Day Payments
Included as Standard
The UK's new banking system ,"Faster Payments", has only just been adopted by leading banks but iBalance, as usual, is ahead of the game when it comes to adopting this new technology.
In addition, we look forward to rolling out this new service to current iBalance contractor's when the new system settles down and more banks accept Faster Payments.
Faster Payments - now included as standard
Payment will be sent to the contractor's personal account by 6pm on the day of received funds from the agency. The payment will then clear within 2 hours *
Express Payments - £15.00
iBalance can prioritise a contractor payment and have it sent by 1pm on the day that we receive funds from the agency. *
Special Clearing - £15.00
Our deadline for funds from an agency clearing into our account is 11am each day. However, in special circumstances, we can extend this to 3pm and still perform a same-day payment into the contractor's account. *
* See Schedule A of our terms and conditions for full details.
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