What is a cut-off time?

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In finance, the cut-off time refers to the specific deadline set by financial institutions or service providers for accepting and processing transactions on a given business day. Transactions submitted before this deadline are  worked on (not necessarily settled) the same day, while those received after the cut-off time are typically worked on the next business day. This deadline  ensures the orderly and timely handling of transactions, facilitates efficient end-of-day reconciliation, and helps meet regulatory requirements.  

Cut-off times can vary depending on the type of transaction, the institution, and the time zone. By adhering to these deadlines, institutions can maintain smooth operations and provide reliable service to their clients. Last cut-off time for SWIFT payments at Valyuz is 4 PM UTC +2 EET; UTC +3 EEST and for SEPA payments is 4:20 PM UTC +2 EET; UTC +3 EEST.

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