I set up online a large BACS payment from my Barclays account to pay a credit card and forgetting that I'd already set it up, I set up another payment.
Barclays are saying they can't stop the payment, even though it's 10:30pm on day 1 of the 3 days that BACS payments take. The money won't reach the credit card company's account until day 3.
Who has the money on an overnight balance (and earns interest) for two nights between day 1 and day 3? I'm sure Barclays could stop the payment if they wanted to because I think the money is sitting in a Barclays account somewhere before it is sent to the credit card company on day 3.
Can anyone shed any light on this subject?