The Cut-off time indicates the time by which a payment must be received (and fully authorized by the client) at ING to achieve a desired settlement date, which is the date on which the beneficiary bank will receive the payment. This is, in most cases, the same date that the beneficiary receives the payment on their account but is dependent on the beneficiary bank.
Notes on cut-off times:
- Payment cut-off times differ per product and country
- Large payment batches take time to process through the ING systems. It is highly recommended to submit these with ample time.
- Non-STP payments (requiring investigation or repair) take longer to process. Good data (ex. complete creditor name and address) helps to reduce this.
- ING is constantly working to improve cut-off times.
Cut-off times SEPA products
Cut-off times and settlement dating per region
* Applicable to clients that were migrated to the new product