Banking Day definition

Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.
Banking Day means a day on which commercial banks in London are open for general business (including dealings in foreign exchange and foreign currency deposits).
Banking Day means, in respect of any city, a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in that city.

Examples of Banking Day in a sentence

  • However, the payment funds will be transferred into the Receiver’s account no earlier than the next Banking Day following the specified date.

  • Transfers completed after 2:00 p.m. (Central Time) on a Banking Day or on a Saturday, Sunday or banking holiday, will be posted on the next Banking Day.

  • For example, if Customer schedules a payment for the 30th of each month, Customer’s payment for the month of February will be initiated on or before the last Banking Day of February.

  • Bank’s stop payment cutoff time is 5:00 p.m. Central Time on the Banking Day on which Bank receives the Check or noon Central Time on a Banking Day during which Bank closes prior to 5:00 p.m. Central Time.

  • If the Recurring Payment Date falls on a day other than a Banking Day in any month, Customer’s payment will be initiated on the preceding Banking Day (i.e. if a Recurring Payment Date falls on a Saturday or Sunday, the actual check will be issued on Friday).


More Definitions of Banking Day

Banking Day means, in respect of any city, any date on which commercial banks are open for business in that city.
Banking Day means any day on which we are open for business in the Republic of Ireland, other than a Saturday, Sunday or bank holiday; and non-banking day means any other day;
Banking Day means a day other than a Saturday or a Sunday or a public holiday listed throughout Australia.
Banking Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets are open for business.
Banking Day means the part of a day on which a bank is open to the public for carrying on substantially all of its banking functions.
Banking Day means a day on which dealings in deposits in USD are carried on in the London Interbank Eurocurrency Market and a day (other than Saturday or Sunday) on which banks are open for general business in London, Piraeus and New York City and, in relation to any payment to be made into or out of China, China (or any other relevant place of payment under clause 6);
Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System is open for business and commercial banks and foreign exchange markets settle payments in the Banking Day Financial Centre.