#bank-transfers

#bank-transfers

German banks are warning their customers of a four-day delay in bank transfers at the end of December this year. If you're due to send or receive money at the end of December in Germany, you may face delays because of the way the European Central Bank's systems work and how the Christmas dates fall this year. Every weekend, as well as on certain public holidays, the payment transfer systems operated by the European Central Bank are closed.

If you're due to send or receive money at the end of December, you may have to wait for the funds to arrive due a combination of European Central Bank rules and the day that Christmas falls on this year. Every weekend, as well as on certain public holidays, the payment transfer systems operated by the European Central Bank are closed. These public holidays include Christmas - bank transfers will not go through on December 25th or December 26th.

"There are two main ways to transfer money directly from your bank to a business account in the UK - via dedicated payment gateways online or by setting up manual transactions."