Cut off times for receipt of payments by ING
(within the frame of the law concerning payment services)
ing.be
The cut-off times are valid for “Straight through Processing (STP)” payments, where sufficient funds are available on the
account in order to execute the payment and where the payment instruction is completely and properly signed.
SEPA PAYMENTS
STP payment:
An STP payment for European credit transfers (SEPA) is a payment which indicates the correct account numbers (IBAN) of the payer and the
payee, the BIC (Swift address) of the payee’s bank.
Standard payment:
A standard payment will be executed within the maximum execution times defined by the law concerning payment services. That means that the
European credit transfer should arrive at the bank of the beneficiary within 1 working day
Urgent payment:
An urgent payment is treated one day faster than a standard payment.
Booking and execution date:
When no memo date is indicated:
Day of receipt.
When a memo date is indicated:
On the memo date. If the memo date is not a bank working day, the payment will be executed the first next available working day.
I. Cut off times for receipt of European outgoing credit credit transfer by ING (*)
NORMAL
URGENT
IN-HOUSE**
via
electronic
channel
Debit
= D / Credit
= D+1
via
electronic
channel
Debit
= D / Credit
=D
via
electronic
channel
Debit
= D / Credit
=D
To be received by ING D (Day) before
To be received by ING D (Day) before
13:30
16:00
To be received by ING D (Day) before
16:00
Salary payments: 13:30
(Multiple payment)
Treasury payments: 15:00
(Single payment)
Intra-Company payment: 15:00
(Single payment)
* European cross border transfer(Transfer from a Belgian ING account to an account in one of the other EU Member States)
Austria, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungry, Ireland, Italy, Latvia,
Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom
And also Norway, Iceland, Switzerland, Monaco, Liechtenstein.
**Payment between ING-accounts: to be received by ING on D(Day) before 16:00
(Transfer from a Belgian ING-account to an ING-account in the following countries)
Austria, France, Germany, Ireland, Italy, Portugal, Spain, the Netherlands, United Kingdom.
II. Cut off times for receipt of Domestic Outgoing Payments by ING
Outgoing domestic payments
Standard payment via electronic channel
Urgent payment via electronic channel
Available to the
correspondent
bank
To be received
by ING on D
(Day) before
xx:xx hours
Available to the
correspondent
bank
To be received by
ING on D (Day)
before xx:xx hours
D+1
D+1
16:00
16:00
D
D
16:30
12:30
Single Payment
Multiple payment with global debit
III. Cut off times for receipt of an outgoing payment within the EEA with the following PSD- currencies without currency
conversion.
Standard payment via
electronic channel
Available to
the
correspond
ent bank
ISK
BGN, RON, HRK
CZK, DKK, HUF, NOK, SEK
CHF
GBP
PLN
D+2
D+2
D+2
D+2
D+2
D+2
To be
received by
ING on D
(Day)
before
xx:xx hours
17:00
17:00
17:00
17:00
17:00
17:00
Outgoing international payments
Urgent payment via electronic
channel
Same day payment via
electronic channel
Available
to the
correspon
dent bank
To be
received by
ING on D
(Day) before
xx:xx hours
Available
to the
correspon
dent bank
To be
received by
ING on D
(Day) before
xx:xx hours
D+1
D+1
D+1
D+1
D+1
D+1
14:30
15:30
17:00
17:00
17:00
17:00
D+1
D+1
D
D
D
D
14:30
15:30
09:00
10:00
16:00
11:30
For payments with conversion, please consult table V
This document is non-binding, cannot be regarded as an offer and has only an informative character. No rights may be derived from this
document. ING may amend this document at any time.