In terms of transfers, there are rules to know. Can we receive a transfer at night, as well as at any time of the day? Find out what time bank transfers take place and the best times to complete the transaction. And in case of non-receipt of the transfer, follow our advice.
The different types of bank transfers that exist
Before answering the question “Can I receive a transfer overnight?” », it is advisable to know the different types of transfers that exist.
Online, you can do:
- the one-off (or occasional) transfer. This is a one-time operation. In this case, the holder of the sending account chooses a date for transferring the funds;
- the permanent transfer, carried out on a regular basis. The client then schedules the dates. And he can also cancel the permanent transfer whenever he wishes. To do this, he just needs to make a request to his banker or to carry out the deletion of the transaction himself from his personal account.
Also note that there is immediate or deferred transfer. In the case of a deferred transfer, we speak of a payment schedule or scheduled transfer.
Then, we must distinguish between:
- the domestic transfer which is carried out on a single and same territory;
- the EU transfer, made in a country of the European Union;
- and the international transfer, outside the EU.
Note: regardless of the type of bank transfer, it cannot be canceled after the funds have been transferred to the beneficiary’s account.
What time are bank transfers made?
Can we receive a transfer at night, and therefore at any time? In fact, it depends on when your account is going to be credited.
There is no specific time for the validation of transfers because the banks’ servers operate all day. And this, in order to process all banking transactions. Therefore, everything depends on the date and time of the order issued by the recipient of the transfer.
Is it possible to receive a transfer overnight?
If it is an internal transfer, that is to say made from account to account (same holder and same bank), there is no time limit. The operation is immediate. And so, you can quite receive a transfer overnight.
On the other hand, in the event of an external transfer, that is to say between two different banks, the transaction is not immediate. You must count at least one working day from the transfer order.
Receiving a transfer overnight is therefore possible, but on condition that it is within the framework of an internal transfer.
Can we receive a transfer overnight if it is permanent?
A permanent transfer must be distinguished from a one-off transfer. In the first case, the transaction is repetitive and automated. The transfer is therefore executed on the same date and for the same beneficiary. Salaries, for example, are often subject to permanent transfer.
But is it possible to receive payment overnight in the case of a standing order? Even in the context of a permanent transfer, your bank must be open for the transaction to be carried out. The credit operation will therefore be carried out the following day, when the establishment is open.
Note that all operations, even those that do not require the intervention of a teller, are carried out during bank opening hours. You will not be able to receive a transfer overnight, whether it is one-off or permanent, except if it is an internal transfer (same bank, same holder).
Why can’t we receive transfers overnight?
Banks are closed at night. And there is necessarily an interbank delay of one business day. This deadline is mandatory because it allows the establishment to carry out the usual checks. She contacts the issuing bank to find out if the debtor has the necessary funds to pay the transfer. Thus, at night, verification cannot take place. We must therefore wait until the next morning, and the opening of the establishment.
No banking operation can be carried out in the event of closure of the establishment, including if this does not require any intervention by the bank’s staff.
When should a transfer be made?
There are key times in the week when it is best to do your banking.
First, be aware that on Mondays, most French banks are closed. Therefore, it is better to focus on weekdays such as Tuesday, Wednesday or Thursday to make a transfer or other banking transaction.
On the other hand, if you execute a transfer on Friday or during the weekend, the beneficiary account will take longer to be credited.
Finally, in terms of schedules, it is preferable to opt for daytime hours, during the opening of the establishment.
To know: in all cases, whether you make your transfer in the evening, during the night, or during the day, you will have to fill in certain data. The sender of the transfer must indicate the bank details of the beneficiary account, specifying the IBAN code, the date and the exact amount of the transfer.
Non-receipt of a transfer, what should be done ? Approaches
What to do in case of non-receipt of a transfer in your name? After three working days, if you still have nothing in your bank account, you can assume there is a problem with the transfer.
First, contact your bank adviser without delay in order to shed light on the non-receipt of the transfer. The financial institution may have blocked the transaction if the bank details were entered incorrectly. It may be a typing error. Therefore, it is strongly recommended to rely on the original of a RIB to fill in the IBAN code.
And the originator may not have actually made the transfer online. To be certain that the transaction is carried out, always ask for proof. This takes the form of a duplicate transfer order. This is proof.
Read also :
- Can we receive a transfer on a Monday?
- Can I receive a transfer the same day?
- How long for a bank transfer?