Cut-off times and settlement for payments

An international payment must be submitted, approved and have an exchange rate booked before the daily cut-off time for it to be processed. Cut-off times vary for each currency and if you submit a payment after the cut-off time, you’ll need to enter a future transaction date. If no future date is entered, the payment will be rejected.

The table below also shows the cut-off times for payments that are imported from your internal office system. Please note, that these timings are slightly earlier.

Each currency will have a different number of settlement days. This tells you how many days it will take for the beneficiary to receive the payment once it has been processed.

Please note:

This table refers to working days and assumes no bank or public holidays occur in the UK, the destination country or for the country of the domicile currency during the payment cycle. The country of the debit currency is also taken into consideration when applying value, e.g. if we debit a JPY account to credit USD but Japan is closed due to bank holiday then this value would not be given.

Code
Currency
Settlement (days)
Cut-off time
Cut-off time for imported payments
AED
United Arab Emirates dirham
1
12:45pm
12:25pm
AUD
Australian dollar
1
15:45pm
15:25pm
BBD
Barbados dollar
2
16:30pm
16:10pm
BHD
Bahraini dinar
2
16:40pm
16:20pm
CAD
Canadian dollar
0
15:30pm
15:10pm
CNY
Chinese renminbi
2
16:30pm
16:10pm
CHF
Swiss franc
0
11:15am
10:55am
CZK
Czech koruna
1
16:30pm
16:10pm
DKK
Danish krone
0
11:15am
10:55am
EUR
Euro (urgent)
0
15:45pm
15:25pm
EUR
Euro (non-urgent)
1
15:45pm
15:25pm
GBP
Great British pounds
0
15:30pm
15:10pm
HKD
Hong Kong dollar
1
12:45pm
12:25pm
HUF
Hungarian forint
1
16:30pm
16:10pm
ILS
Israeli shekel
2
16:30pm
16:10pm
INR
Indian rupee
2
16:30pm
16:10pm
JOD
Jordanian dinar
2
16:30pm
16:10pm
JPY
Japanese yen
1
15:45pm
15:25pm
KES
Kenyan shilling
2
16:30pm
16:10pm
KWD
Kuwaiti dinar
2
16:30pm
16:10pm
MAD
Moroccan dirham
2
16:30pm
16:10pm
MUR
Mauritian rupee
2
16:30pm
16:10pm
MXN
Mexican peso
2
16:30pm
16:10pm
NOK
Norwegian krone
0
11:15am
10:55am
NZD
New Zealand dollar
1
15:45pm
15:25pm
OMR
Omani rial
2
16:30pm
16:10pm
PLN
Polish zloty
1
16:30pm
16:10pm
QAR
Qatari riyal
2
16:30pm
16:10pm
RON
Romanian leu
1
16:30pm
16:10pm
SAR
Saudi Arabian riyal
1
12:45pm
12:25pm
SEK
Swedish krone
0
11:15am
10:55am
SGD
Singapore dollar
1
12:45pm
12:25pm
THB
Thai baht
3
16:40pm
16:20pm
TND
Tunisian dinar
2
16:30pm
16:10pm
TRY
Turkish lira
1
16:30pm
16:10pm
TTD
Trinidad & Tobago dollar
2
16:30pm
16:10pm
TZS
Tanzanian shilling
2
16:30pm
16:10pm
USD
United States dollar
0
16:30pm
16:10pm
XCD
East Caribbean dollar
2
16:30pm
16:10pm
ZAR
South African rand
1
16:00pm
15:40pm