Can I create a periodic payment on the same day?

Can I create a periodic payment on the same day?

Most traditional banks will not allow you to create a standing order on the same day or on the next day as it takes around 48hrs to process and cancel a standing order. However, through the Faster Payments Scheme, it is possible to set up a payment to start as early as the next working day with no guarantee on the exact time the payment will reach the recipient’s account, although at least 90% of standing order payments are sent by 6am.

See Types of Faster Payments for more information.