Payment processing times

In this article we'll go through the payment processing times in card payments and bank transfers.

Table of contents:

1. Processing times for card payments and bank transfer

2. Cutoff time - when are payments sent from Holvi

3. Exceptions - non banking days

 

Processing times for card payments and bank transfers

Considering Holvi's payment traffic some payments types are immediate and some are only sent or received on banking days*:  

Payment method How long? When processed?
Card payments Immediately  Every day 24/7
Giropay payments Immediately Every day 24/7
Finnish bank buttons payments Immediately Every day 24/7
EPS or SOFORT payments Immediately Every day 24/7
Receiving SEPA transfers  Up to 2 days Monday to Friday*
Sending SEPA transfers Up to 2 days Monday to Friday*
Holvi-to-Holvi payments Up to 3 days Monday to Friday*

 

Cutoff time

Holvi's cutoff time is 10:30 Helsinki (UTC+02:00) on banking days (Monday-Friday). Any outbound bank transfer (IBAN transfers) made from a Holvi account after this time will be processed on the following banking day

If any payment from Holvi is made after this cut-off time it will be processed on the next banking day. The IBAN transfers to Holvi are received on banking days, Monday to Friday. The maximum time to receive a payment to Holvi is two banking days after the sending date.

Payments between Holvi accounts take appr. 3 banking days to arrive as money needs to be moved out and then back in.


Please contact us if you have any questions about a payment 

 

Exceptions

*The following dates are non banking days and no SEPA transfers are received or sent. All SEPA transfers will be received or sent on the next banking day.

Year 2017
1st January
14 April
17 April
1 May
25 December
26 December

 

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