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November 11 – transfers. It is better to plan timely payments in advance – a message from KIR

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Timely payments should be made before November 11. The Elixir settlement system, which handles interbank transfers in PLN, will have a break on the National Independence Day, reported the National Clearing House (KIR).

Elixir is an electronic interbank clearing system operated by KIR. It is used to carry out most of the transactions ordered by bank customers in Poland.


Transfers on a long weekend

The clearing and settlement of the transactions ordered in the system (transfers and direct debits) takes place during three clearing sessions, from Monday to Friday, at 9:30 am, 1:30 pm and 4:00 pm, excluding public holidays.

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Transfers that will be ordered on Wednesday, November 10 after 4:00 p.m. will go to the recipient’s accounts on Friday, November 12, informed KIR.

Euro Elixir

The Euro Elixir system, in which domestic and cross-border euro transfers are settled, will operate according to the regular schedule on November 11th. As on every business day, KIR will conduct 6 clearing sessions on that day.

Express Elixir

“Timely payments are worth planning and ordering in advance or using instant transfers in the Express Elixir system, which is also available to bank customers on public holidays” – KIR wrote in a release.

Express Elixir operates continuously – 24/7/365, that is also on weekends and holidays. Whether the bank provides this service and to what extent can be checked at https://www.expresselixir.pl/tabela-dostepnosci/.

Main photo source: Shutterstock

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