Introduction to Cut-off Times
SEPA and SWIFT cut-off times are crucial deadlines by which money transfer instructions must be received by a bank to ensure same-day processing. These times are vital for ensuring timely execution of financial transactions for businesses and individuals.
SEPA Cut-off Times
SEPA Transfers: Used for Euro transactions within the Single Euro Payments Area (SEPA). Each bank sets a specific deadline, typically:
EUR: 13:50 CET
SWIFT Cut-off Times
SWIFT Transfers: Facilitate international money movements across various currencies, with specific deadlines for each:
AUD: 13:00 CET
CZK: 08:00 CET
PLN: 08:30 CET
DKK: 09:30 CET
NOK: 09:30 CET
SEK: 09:30 CET
CAD: 16:20 CET
GBP: 14:20 CET
USD: 15:50 CET
AUD: 13:00 CET
Importance of Timing
Missing these deadlines means your transaction will be processed the next business day, which can be critical for timely financial planning and operations.