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November 1. When to make a transfer? Settlement systems on a day off

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The Elixir settlement system, which handles interbank transfers in PLN, will have a break in standard operation on Wednesday, November 1, the National Clearing House announced on its website. Transfers ordered on Tuesday, October 31, after 4 p.m., will be transferred to the recipients’ accounts on the next business day, i.e. on Thursday, November 2 – it was explained.

As noted in the announcement, it is worth thinking about timely payments well in advance or using instant transfers in the Express Elixir system, which is also available to bank customers on holidays.

About the Elixir system

It was recalled that Elixir is an electronic interbank settlement system operated by KIR. Most transactions ordered by bank customers in Poland are carried out using it. Clearing and settlement of transactions ordered in the system (transfers and direct debits) takes place during three settlement sessions, from Monday to Friday, at 9:30 a.m., 1:30 p.m. and 4:00 p.m., excluding public holidays.

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“It is worth remembering that transfers ordered on Tuesday, October 31, after 4 p.m., will be transferred to the recipients’ accounts on the next business day, i.e. on Thursday, November 2,” it was written.

It was emphasized that the Euro Elixir system, which settles domestic and cross-border transfers in euro, will operate according to the usual schedule on November 1. Similarly to every business day, KIR will conduct 6 settlement sessions on that day.

Instant payment system

In a statement, KIR explained that regardless of the day of the week, bank customers can use the Express Elixir instant payments system, which operates continuously – 24/7/365, i.e. also on weekends and holidays.

The transfer of funds between accounts kept in different banks takes place in real time.

Read also: The bank announces changes for customers. Announcement

Main photo source: Shutterstock



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