What are the deadlines for a bank transfer?

The execution times for an online transfer depend on certain conditions (type of transfer, week or weekend, etc.). Discover the different types of existing online transfers and their particularity in terms of time. Also find out the reasons that may explain the non-receipt of a transfer on your account.

Types of bank transfers

There are two possible online transfers:

  • the one-off or occasional transfer. It is performed only once. The sender account holder chooses the date on which the transfer of funds will be made;
  • standing order. This is done on a regular basis, on the dates programmed by the holder of the issuing account. Nevertheless, the originator can cancel the standing order whenever he wishes. All you have to do is make a request to your bank or delete it from your internet account.

The transfer can be immediate or deferred. In the latter case, we also speak of scheduled transfer or payment schedule.

The domestic transfer refers to the operation carried out in a single territory. The EU transfer is made in a country of the European Union. Finally, the international transfer is made outside the European Union.

Namely, no transfer can be canceled after transfer of funds to the beneficiary’s account.

bank transfer, average delays

Deadlines vary depending on the online account. When it comes to a transfer made from account to account (two accounts in the same bank) or to a savings account, the transfer of funds is immediate. We then speak of internal transfer.

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Read also: Can I receive a transfer the same day?

On the other hand, in the case of a external transferi.e. to an account domiciled in another bank, the interbank delay varies between one and three working days. Note, the transfer of funds can be made between two French banks or to a bank in the SEPA zone (in euros).

Count four working days if the transfer is made in a foreign currency.

The postal delivery time must also be taken into account in the event of a transfer request by post.

Good to know, if you execute a bank transfer on Friday or the weekend, it will take longer to be credited. Instead, prefer weekdays to carry out your operations.

How a funds transfer works

Certain data must be entered for the bank transfer to be made from one current account to another. The issuer must indicate the bank details of the beneficiary account (IBAN code) as well as the date and amount of the transfer. The process is very simple and free in an online bank. To avoid input errors, it is recommended to rely on a bank account statement (preferably an original).

Non-receipt of a transfer, the reasons

If within three days, the transfer has not been made, several possibilities:

  • the transfer is blocked by your bank. Contact your agency to determine the cause;
  • the bank details are incorrect (change of bank details, typing error, etc.);
  • the originator has not actually made the transfer online. It is important to ask for proof (a duplicate of the transfer order, for example).
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Carrying out an online transfer remains an approach accessible to all However, it is important to know the subtleties so that the operation is carried out under the best conditions.

Read also: Can we receive a transfer on Friday?

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