You have the ability to select when your payment order want to be executed; with “high priority”, with “normal priority” or on a future date “On”.
• If you select High priority, your account will be debited immediately and your order will be sent with same day value date. The option of same day value is available when your payment order is submitted in EUR, USD or GBP currency. Payment orders up to €12.500 are sent through IRIS Online payments service as long as the currency is EUR and the beneficiary’s bank participates in the service.
• If you select Normal priority, your account will be debited immediately and your order will be executed with value date of one business day for EURO payments (D+1) and two business days for payments in other currencies (D+2).
• If you select a future date “On”, your account will be debited on the selected business date and your order will be executed with value date of one business day value date for EURO payments (D+1) and two business days for payments in other currencies (D+2).
Cut-off time: The debit of your account and the execution of your payment order depends on the time your order is submitted. If you submit your order on a business day from 08:00 to 16:00, it will be processed according to what is applied for each execution type (Immediately – Low priority – On), otherwise it will be processed the next business day.
In any case the credit amount to the beneficiary’s account depends on the receiving bank.