During holiday periods — especially around the end-of-year holidays — transaction processing times for your Business Account may be longer due to closures in the European banking network.
Affected Holidays
The following holidays will result in additional processing delays:
- Thursday, December 25: Christmas Day
- Friday, December 26: Boxing Day
- Thursday, January 1: New Year's Day
Affected Services
Wire Transfers and SEPA Direct Debits
Transfers initiated during these periods will be processed on the next business day:
- Transfers initiated between December 24 and December 26: funds will be credited to the recipient's account on December 29.
- Transfers initiated between December 31 and January 1: funds will be credited to the recipient's account on January 2.
Rolling Reserves
The additional delays may affect rolling reserves — the temporary holding of funds for a set period that applies to certain transactions.
Services Operating Normally
The following services are not affected by banking network closures:
- International wire transfers: no impact expected.
- Instant SEPA transfers: no impact expected.
- Payment Cards: no transactional impact, though longer delivery times may occur.
Recommendations
To avoid any issues during this period:
- Plan your transfers and SEPA Direct Debits ahead of time, taking the extended processing delays into account.
- Let your vendors and contacts know that transfers will take longer than usual.
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