Cut-off times for payments
A Payment Order must be received by the Bank before the relevant Cut-off Time in order for the Bank to start the execution of the order on that day (or the next business day depending on the currency).
A Payment Order received after the relevant Cut-off Time shall be deemed received by the Bank on the following Business Day.
A Payment Order initiated by paper shall be deemed received by the Bank the following business day even when received before the relevant Cut-off Time. If such an order is received after Cut-off Time it will be deemed received by the Bank two (2) business days later.
|Currency||Payment order on execution date, before|
|Currency||Payment order on the day before execution date, before|
16:00 *Order placed two days before execution date
All indicated Cut-off Times are expressed in Central European Time (CET)
Cut-offs may be subject to change without prior notification.
Please note that the Bank will be closed for business on the following days:
24 December (Christmas Eve)
31 December (New Years Eve)