The first payment of the cost of living package is set to arrive in millions of households this week.
According to the government, around eight million households on means-tested benefits will automatically receive the money into their bank accounts. The first half has been planned to be rolled out between July 14 and 31 "for most most people", Birmingham Live reports.
DWP Minister David Rutley explained: "Due to the volume of people entitled to the payment, it is not possible to issue all of the Cost of Living Support Payments at the same time. We currently expect the majority of payments to be made by the end of July, there may be potential delays for a small minority of cases due to their unique characteristics."
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However, the payment will likely come even later if you are awarded a qualifying benefit at a later date or receive Tax Credits where the first payment will be in the Autumn. While many people are waiting for the money, they be wondering what time the money should actually arrive in their banks accounts.
Depending on your banks, the time your funds are available may vary. However, it usually is available in the early hours of the morning.
These are the typical paying-in times for banks:
Clydesdale, Yorkshire - 11.30pm the night before to 12.30am
Lloyds - midnight to 1am
Bank of Scotland - midnight to 1.30am
Metro Bank - midnight to 2am
Barclays , Co-op- 1am to 2am
Natwest, RBS, Ulster Bank, Nationwide - 2am to 3am
Halifax - 3am to 4am
HSBC, Santander - 6am to 9am
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