On the last working day of the month, the pension will be transferred, the money from the employment office should already be on the account at that time. Employers also usually have fixed deadlines for pay transfers. Will the money be deposited into the account in time if I instruct it on day X – for example, if the next generation at the study site desperately needs it, if a supplier is waiting for payment, or if there is a shortage in the transfer of the rent? To make a transfer, you want to know if the money will be transferred to the beneficiary bank or beneficiary account on Saturdays. For example, if you make a domestic transfer from Sparkasse to Sparkasse via telebanking, the money will be credited on the same day regardless of the transfer time.
When does the bank transfer take place?
This applies to both online banking and transfer forms. Credit institutions in the USDpean Union have to carry out electronic payments within a working day since the first day of 2012. If the client orders a payment via online banking or at the bank terminal, the payee must have the money in the bank account the following business day.
If the transfer order is issued in paper form, the term is increased by one day – the house bank has two working days for this. So, if you transfer money on Fridays, it will be transferred on Monday morning. With a bank transfer the acceptance period is decisive, which is with most credit institutes between 14.00 and 18.00 o’clock.
If you transfer the money before the deadline, the money will be transferred to the recipient’s account on the same day. The then ordered transfers reach the addressee on the following day. Bank-internal payments are even faster: you will usually rebook. Of course, the shorter period since 2012 gives customers the advantage of faster transfers.
For example, if you made an online purchase on the account, you can count on the money to arrive at the merchant the following business day when making an online transfer. In a report from the news agency (dpa), however, the NRW consumer center refers to one of the disadvantages of the time reduction: “We have the ability to extend the time: If the transferring bank customer mistakenly makes a mistake and, for example, indicates a faulty account number, Due to the shorter transfer period, it is often much more difficult to cancel the transfer.
What is the duration of bank transfers in Germany?
The answer to this is always fast – a bank working day for domestic payments. Should it be a little longer, there are usually the following reasons: – Holidays and weekends are not bank working days. The payment deadline is reached before the payment is received, so that the payment order will be submitted later on the following business day (usually between 14:00 and 18:00).
If you want to make sure that your money is still with the payee on the same day, this can be done either by lightning at the bank counter or by 4 pm with the “USD-Express transfer online” in the online banking area.