While waiting for a payment at the end of the week, are you wondering whether or not a transfer will be received on Friday? Find out which days of the week are best for issuing a transfer. And follow our advice if after a certain period, you still haven’t received anything in your bank account. We answer in detail the question « Can we receive a transfer on Friday? » « .
What are the different types of bank transfers that exist?
Before delving into the question of whether or not it is possible to receive a transfer on Friday, it is worth knowing the different types of transfer.
We must first distinguish between internal transfer and external transfer. In the first case, the operation is carried out by the same holder within the same bank. And in the case of an external transfer, the transaction is carried out in two different banks (same holder or different holder).
There is also the one-off or occasional transfer, which designates an operation carried out in one go. It is the holder of the sending account who chooses the date of transfer of the funds.
And in the case of a permanent transfer, the principal schedules dates. Thus, the transfer will be carried out on a regular basis. Often, it is the salary paid always on the same date.
Note that to cancel a permanent transfer, all you have to do is make a request to your bank advisor, or carry out the operation from your personal online space.
To know : whatever the type of bank transfer, it can no longer be canceled once the funds have already been transferred to the beneficiary’s account. Be careful before validating the operation.
Can we receive a transfer on Friday? The conditions to be met.
Is it possible to receive a transfer on Friday, that is to say at the end of the week, just before the weekend?
First, if it is an internal transfer, there is no problem! This type of transfer is made from account to account, by the same holder and within the same bank. There is therefore no delay to be expected. The operation is immediate. To receive a transfer on Friday, you simply need to execute the transaction on the same day.
On the other hand, the question deserves to be asked in the event of an external transfer (in two different banks). The transaction is not immediate. It takes at least one working day from the transfer order. And the delay can be longer (48 h or 72 h) depending on the establishment.
To be sure of having his transfer on Friday, the principal must therefore carry out the operation on Tuesday, Wednesday or Thursday. Find out about the interbank delays for each financial institution.
Permanent transfer, can we receive payment on Friday?
Unlike the one-off transfer, the permanent (or regular) transfer is a repetitive and automated operation. The transfer is therefore executed on the same date and for the same beneficiary. For example, salaries are often paid via standing order.
But is it possible to receive a transfer on Friday if it is permanent (or regular)? Since the banks are open on that day, you can receive a payment on Friday, except in the event of a public holiday. Where applicable, payment is made the previous day, i.e. Thursday, or the following day (i.e. Saturday if the bank is open).
Note that even in the context of a permanent transfer, the bank must be open for the transaction to be carried out. All operations, even those that do not require the intervention of an agent, are carried out during bank opening hours.
What is the best day to make a transfer at the bank or online?
During the week, there are preferred days for making a transfer at the bank or online.
First, note that on Mondays, most banking establishments are closed. Consequently, no transfer order can be made that day, except for an internal transfer (same bank, same account holder). If it is a large and/or urgent transfer, find out beforehand about the opening hours.
Then, it is better to make a transfer on Tuesday, Wednesday or Thursday so that the funds are transferred before the end of the week. Indeed, it takes at least one working day for the account to be credited. This is the time required for the bank to carry out checks with the issuing bank; it ensures that the issuer of the transfer has the necessary funds to pay the transfer.
Finally, be aware that if you make a transfer on Friday or during the weekend, the beneficiary account will take longer to be credited. And in terms of schedules, always prefer times during the day, when the establishment is open. Forget the evening or the night in case of an urgent transfer.
To know : in any case, you will have to fill in certain data for the transfer to be effective. The sender of the transfer must therefore indicate the bank details of the beneficiary account, specifying the IBAN code present on the RIB, the date and the exact amount of the transfer.
Read also: Can we receive a transfer overnight?
What should be done in case of funds not transferred to the account? The procedure to follow.
The non-receipt of a transfer beyond three working days should alert you. It is then necessary to fear a problem with the transaction.
As a first step, contact your bank advisor to shed light on the lack of transfer of funds. The transaction may have been blocked by the bank. Often it is an input error in the IBAN code. Therefore, when issuing the transfer, it is better to rely on the original of a RIB and check before validating the operation.
On the other hand, the problem may arise from the originator. Did he actually execute the transfer as he claims? To make sure of his good faith, always ask for proof in the form of a duplicate transfer order. This is proof that you can present to the bank.
Read also: Can we receive a transfer on Monday?