Are you expecting a transfer and hoping to receive it this Monday but you don’t know if it’s possible? We will explain everything to you !
As part of a one-off or permanent transfer, do you need to receive a transfer on Monday? But first, is it possible? Indeed, many banks are closed on this day. What are the conditions for the banking operation to be carried out at the start of the week? Everything you need to know about receiving a transfer on Monday. And also follow our advice in case of non-receipt of a bank transfer. Also find out the best day of the week to carry out this type of transaction.
The different types of bank transfers
First, before answering the question « Can we receive a transfer on Monday? » », it is necessary to know the types of bank transfers.
There are two possible online transfers:
- the one-time transfer, also called occasional, is made only once. In this case, the sender account holder chooses a date to transfer the funds;
- the permanent transfer is carried out on a regular basis, on the dates programmed by the holder of the issuing account. Note that the originator can cancel the permanent transfer whenever he wishes. To do this, he must make a request to his bank or delete the transaction from his personal account online.
On the other hand, the transfer can be immediate or deferred. In the latter case, we speak of scheduled transfer or payment schedule.
Then, the domestic transfer designates the banking operation carried out on a single territory. The EU transfer, on the other hand, is made in a country of the European Union. Finally, the international transfer is made outside the EU.
To note : no transfer can be canceled after transfer of funds to the beneficiary’s account.
Receive a transfer on Monday: is it possible ?
In the event of an internal transfer, that is to say made from account to account (same bank, same holder), there is no time limit. The credit operation is immediate. It is therefore quite possible to receive a transfer on Monday.
On the other hand, if it is an external transfer (between two different banks), the operation is not carried out immediately. It takes one day from the transfer order (transfer day + 1 working day).
Receiving a transfer on Monday is therefore quite possible, but on condition that it is not a public holiday. Also note that many banks are closed on Mondays.
To be sure of being able to receive a transfer on Monday, it is better to consult the opening days of your bank. And if necessary, ask your advisor.
Can we receive a transfer on Monday if it is permanent?
Permanent transfers, unlike one-off transfers, are automated and repetitive. They therefore run on the same date and for the same beneficiary. Salaries, for example, are often subject to permanent transfer.
But can we receive a transfer on Monday if the scheduled date falls on that day of the week? In principle, yes, but on condition that your bank is open. If your bank closes on that day, the credit transaction will be processed the previous business day (if the date is scheduled between 1er and the 15th) or the next working day (if the date is scheduled between the 16th and the end of the month).
Why can’t we receive a transfer on Monday?
Most banks are closed on Mondays. And there is necessarily an interbank delay of one business day. This delay allows the establishment to check with the issuing bank that your debtor has the funds necessary to pay the transfer. Thus, if the bank is closed on Monday, the verification cannot take place until the following day.
No banking operation can be carried out in the event of closure of the establishment. And this, even if it does not require any intervention by bank staff.
To note : in France, most banks are closed on Mondays because they are open on Saturdays. This allows working customers to go to a branch on Saturdays to carry out their banking transactions. Thus, the staff is off on Sunday and Monday. When banks are open on Monday, they are usually closed on Saturday.
The average time for a bank transfer
Banking times vary depending on the online account. In the case of an internal transfer, that is to say made from account to account or to a savings account, the transfer of funds takes place immediately.
On the other hand, in the case of an external transfer (to an account domiciled in another bank), an interbank delay applies. It varies between one and three working days. The transfer of funds is then carried out between two French banks or to a bank in the SEPA zone (in euros).
If the transfer is made in a foreign currency, allow four working days. In the event of a transfer request by post, also allow for postal delivery time.
Read also : Can I receive a transfer the same day?
What day of the week should a transfer be made?
Is your bank closed on Monday? Be aware that there are days in the week that are best for carrying out a banking transaction such as an external transfer.
Prefer weekdays such as Tuesday, Wednesday and Thursday to make your interbank transfer. If you make a transfer on Friday or during the weekend by carrying out the process on the Internet, the beneficiary account will take longer to be credited.
In all cases, certain data must be entered for the bank transfer to be made from one current account to another. The sender must indicate the bank details of the beneficiary account, specifying the IBAN code, the date and the amount of the transfer.
What to do in case of non-receipt of a transfer?
You were supposed to receive your transfer on Monday, but after three days you can assume there is a problem with your transfer. This can be due to different reasons. If it is a blocking of your bank, contact it without delay in order to determine the cause. Perhaps your bank details were entered incorrectly, due to a typing error, for example. To avoid input errors, preferably rely on the original of a RIB (Bank Identity Statement).
The principal may also not have carried out the online transfer properly. To be sure that the banking operation has been carried out, always ask for proof in the form of a duplicate of the transfer order. This is proof.