Our custodian - Seccl Custody Limited - collect your payment the working day before the payment date that you've set it to come out on, meaning that it will come out of your bank account the working day before the date you've set it for.
After we've received your payment, we hold the payment for an extra 24 hours to make sure the payment has gone through, for an added level of security. This means the payment will show in your Penfold account the following working day after the payment date you've set.
For example, if you set your payment date for the 6th of the month and the 6th of March falls on a Sunday, your payment will be taken from your bank account on Friday the 4th of March. This payment will show in your dashboard on Monday the 7th of March, as this is the next working day after the 6th.