Payment float calculator
See how much of your money is stuck in transit on an average day, what that costs you a year, and how much a faster payout would free up. Free, no sign-up, nothing leaves your browser.
For the yearly rate, use what you could earn on savings, or what you pay on an overdraft or loan. The starting numbers are only an example. Money is taken as coming in evenly over a 30-day month.
What float costs you
Float is money that has left your customer but not yet reached you. While it is in transit you cannot spend it, save it or use it to pay down a loan. The more you take and the longer it takes to arrive, the more money is tied up on any given day.
Shrinking the float
Faster payouts shrink the float. Instant systems such as Faster Payments in the UK and SEPA Instant in Europe move money in seconds, while card payouts and slower transfers such as Bacs can take days. Comparing payout times is as worth doing as comparing fees.
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