What time do bank transfers start?

When Does Your Bank Transfer Actually Start its Journey?

We live in a fast-paced world where instant access is expected. When you make a bank transfer, you naturally want to know when the wheels are set in motion and when the funds will arrive at their destination. Understanding the timing of interbank transfers can alleviate uncertainty and help you manage your finances more effectively.

Here’s a breakdown of how our interbank transfer timings work:

Hourly Transfers Throughout the Day: We process interbank transfers on an hourly basis, starting at 9 am and continuing until midnight every day. This regular, frequent processing schedule is designed to ensure your payments move swiftly through the system. Initiating your transfer within these hours maximizes the chance of same-day processing.

After Midnight: Transfers initiated after midnight are queued and processed the following morning, beginning with the 9 am cycle. While you can submit your transfer anytime, keep in mind that those submitted during the overnight hours will experience a slight delay.

The Destination Bank’s Role: While we strive for rapid processing, it’s important to remember that the recipient’s bank also plays a crucial role in determining when the funds become available. Each bank has its own internal processing schedules and procedures. While the transfer might leave our system quickly, the recipient’s bank may have its own processing timeline, potentially affecting the final arrival time. This can vary depending on the recipient’s bank and can sometimes take a little longer.

In Summary: For the fastest possible transfer, initiate your payment between 9 am and midnight. While we process hourly, the recipient’s bank policies will ultimately dictate the exact time the funds are credited to the destination account.