Order submission (cut-off) times

An order submitted after the applicable cut-off time is considered received on the next business day.

International transfers are executed, as standard, with a 2-day value date, i.e. the beneficiary’s account is credited after 2 business days from the order submission date. The exception are international transfers in EU and EEA currencies, which are regulated by the Payment Services Act. Such payments are executed with a 1-day value date (i.e. executed within one business day from the order submission date).

An international transfer may be executed as an urgent payment (executed within one business day from the order submission date) or as an express payment (current day as value date) if the appropriate value date is specified on the payment order and the order is delivered to the Bank before the cut-off time applicable to a given currency.

The standard order submission (cut-off) times are shown above. For all details about a selected currency and the available options to execute urgent or express transfers please contact a CitiService Relationship Manager.