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What is the funds transfer cut-off time? What about recurring transfers?

April 26, 2017Cut-Off funds recurring time transfer transfers

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What is the funds transfer cut-off time? What about recurring transfers?

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One-time transfers are processed immediately; there is no “cut-off” time, as Online Banking is an online/real-time system. Future dated or recurring transfers between accounts are made at approximately 4:00 a.m. each business day. If a transfer is scheduled to be processed on a weekend or Bank holiday, it will instead be done on the business day prior to the scheduled date. For example, if a recurring or future dated transfer is scheduled to be made on a Saturday or Sunday, it will be processed on the previous Friday at 4:00 a.m.