The Bacs Rejection Cycle
The Bacs Rejection Cycle
Its important to consider what happens when payments by Bacs fail.
Day 3
The payment would normally show in your account even if failed.
You'd also in 99% of cases receive a Bacs notification of a failed payment
Day 4
The other 1% of rejection notifications would occur
Day 5
The failed payment would be reversed by your bank from your account.