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).