Business FM and BFM.RU continue the "Financial Services for Small Business" project, in which we look at current offers from Russian banks for small companies and individual entrepreneurs.
Here is the parameter we want to turn to Special attention: The length of the payment day. This is important, because sometimes the fate of his business may even depend on when the entrepreneur sent the payment. We looked at how long a working day lasts in banks that offer advanced technologies to serve businesses.
Let's say right away that each of the credit organizations has its own advantages for small businesses. For example, Sberbank is the largest and, let's be honest, the most reliable. However, the banking day is from 9.00 to 16.30. Therefore, if it is important for an entrepreneur that the bank accepts and makes a payment at almost any time, then there are other very interesting proposals.
Alfa-Bank - banking day from 8 am to half past nine in the evening. At Modulbank, the evening threshold is the same, but the morning threshold is from five o'clock. Avangard Bank makes payments from 9 am to 5.30 pm, the time can be extended by 3 hours, but you will have to pay a commission for this.
Well, the palm is still in the main digital bank countries - Tinkoff Bank. The working day lasts from 4 am to 9 pm Moscow time. It turns out that the payment day is 17 hours. If the transactions inside bank Tinkoff, then transfers are round-the-clock, and, in addition, they are also free.
At the same time, the bank a priori recognizes any payment as urgent. That is, no commission is taken for the speed of transfer. Here you can compare with classic banks, where you need to pay extra for the urgency of the payment. Moreover, sometimes the cost of such an operation can be several times higher than the commission for a regular payment. And in some banks, in order to add speed to the “wiring”, you also need to conclude an additional agreement.
As for our leader, we note that Tinkoff also instantly transfers salaries in the same way. Well, we add that such conditions are provided almost 7 days a week. And the transfer at 4 am Monday in this bank is quite real. And not only transfer, but also enrollment. We have a large country, and when the banking day has just begun in Moscow, it is in full swing in the Far East. This means that you can also credit the transfer at 4 in the morning.
Is it necessary? To someone accustomed to classic leisurely banking, this will seem superfluous. But the world is changing. Today, a short banking day looks like a classic. And tomorrow, in the digital age, it will seem like a relic. We will soon answer another important question: Can an entrepreneur in the digital age earn interest on their account balance?
A banking day is the working hours of a specific bank or the period during which a credit institution settlement operations and customer service. Each bank has the right to independently determine and set the duration of the banking business day, during which the banking operations performed will be dated by this date. The entire operational and accounting cycle carried out in one banking day is drawn up in the appropriate accounting documents and reflected in daily balance sheet balance sheet and off-balance sheet accounts.
Banking day in Russia
Banking and tax law Russian Federation does not give an unambiguous interpretation of such a thing as "banking day". Most often, a banking day is declared identical to a working day or operating hours of a working day of a particular credit institution. In some cases, the operating day of the bank is shorter than the working day of the same institution. The duration of the operating day is set by a special order in each individual bank. To find out the operating hours of the day, you should contact the credit institution itself directly.
Calculation of banking days
In order to correctly calculate the banking days provided for in the agreement, it is necessary to take into account all the bank's working days, that is, the days on which the credit institution carries out settlement operations. The following days should not be included in the calculation of banking days:
- Weekend;
- Holidays.
Thus, only those days on which the bank works and carries out settlement service. When drawing up any contracts, it should be remembered that the concepts of "working day", "calendar day" and "banking day" are not identical with each other and choose the most accurate wording.
What does banking day mean?
A calendar day can rightly be called a banking day if it simultaneously meets all of the following criteria:
- At the beginning of this day, a revaluation is made in foreign currency balance of incoming funds;
- After this day, the corresponding bank statements are issued in numerical form, indicating compliance with the standards;
- This day is a calendar day on which the credit institution has provided for working hours for settlement services for citizens;
- On this day, the corresponding branch of the Bank of Russia, the leading correspondent account commercial bank, has allocated operating time.
Banking day in a specific organization
The operating activity of the bank involves mutual settlements between various credit and financial structures. The term Banking day in a particular organization characterizes the period of execution time financial transactions established by internal regulations. The schedule for accepting/paying banknotes may not coincide. To avoid confusion, you should check the working hours with the tellers.
Some institutions carry out settlements on weekends and holidays. The period for the implementation of credit, currency, settlement transactions will be increased, which must be taken into account.
Banking days in cash and settlement services
For legal entities violation of the deadlines for making payments in favor of counterparties established by the agreement may lead to material losses. Banking days in settlement and cash services characterizes a different schedule of operating activities in each financial organization. The operating hours of a particular branch, department must be clarified with employees.
The timing of payments determines the type of payments. The timing of their individual types, regardless of the length of the operating day, reaches several days. During the holiday period, delays are possible due to inconsistencies in the schedules of individual financial institutions.
Use of the term in supply contracts
Determining in contracts the period of delivery of products, goods, as a unit characterizing the period for fulfilling the obligations assumed, sometimes a banking day is indicated. Since there is no unambiguous definition of this term, it is necessary to clearly define its wording in the document regulating the rights and obligations of the parties.
The use of the term in supply contracts without specifying a specific time frame can lead to confusion in mutual settlements. The discrepancy between the mode of operation of financial institutions serving legal entities is a common cause of conflict situations between counterparties.
What is the difference between banking days and working days?
The activities of credit institutions are characterized by various terminological concepts that determine the real time of their work. What is the difference between banking days and business days? The first concept implies the period when operating employees receive / pay monetary units on different types payments according to the schedule established by the bank.
The second concept defines the total duration of the organization's work throughout the day, includes the time of implementation of operational activities and other operations that do not involve customer service.
What is a working day?
The lack of a unified interpretation of concepts causes confusion, which results in missed deadlines for making payments and material losses. What is a working day? This is a period that includes the time of conducting operational activities and the duration of other work, including the performance of a number of operations within the framework of the duties of the staff.
In general, a working day lasts longer than a banking day, but in practice, the terms of both often coincide. Moreover, in the first case, it is also considered a calendar day during which the employees of the institution are at work, but do not serve customers.
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Views 417 Published on 06.10.2018When choosing a bank for cooperation, each entrepreneur evaluates many aspects - the cost of service, available operations with an account, the speed of processing documents, etc. Not the last role in the list of selection criteria is played by such a characteristic of the bank as a business day. In Sberbank for legal entities, Business Online, a specialized service, allowed to maximize it for clients served remotely, which, no doubt, benefited the bank. Why is the length of the trading day so important? Let's figure it out.
What is an operating day at Sberbank
An operating day in banking organizations is the time period during which their employees can spend settlement and cash operations on behalf of clients. In bank branches, this period does not always coincide with the working day, as a rule, it is longer by a couple of hours. This is explained by the fact that during the operating hours, bank employees must process all the paper documentation for cash settlement received from customers, and this takes a lot of time.
Important! For each bank, the duration of the operating period is set individually and fixed in the internal documentation.
For remote electronic services, the transaction day is usually set longer than for offline bank branches. Electronic transactions in most cases are performed automatically, without the participation of employees. This is what allows you to reduce the time for their processing, due to which you can add to the operating day. The concept of a business day in banking system was introduced so that its employees could correctly implement the transitions between different reporting periods.
Operday features for legal entities
The conditions under which the payment day in Sberbank operates for legal entities are somewhat different from those established for private clients. This applies to both entrepreneurs working through web services and those who are served through bank branches. Let's highlight the main features.
Customer service time
The duration of the operating period depends on which method the client has chosen to carry out the settlement and cash transaction. The deadlines are as follows:
- through the Sberbank branch - from 9.00 to 18.00 (local time);
- across electronic service Business Online - from 7.00 to 23.00 (Moscow time).
All transactions started during the specified period must be processed before its end. If the client tries, for example, to make a payment through the electronic account at the end of the operating time, he must take into account that his transaction will be processed only the next day.
Tip: when choosing a bank, entrepreneurs try to predict their future mode of using its services, and determine whether the proposed trading day will be convenient for them.
Available cash transactions
So, we found out how long the banking day is at Sberbank for legal entities. What operations are available to this category of clients during the specified period? Consider them:
- Opening and closing accounts.
- Transfers to other clients of Sberbank.
- Interbank transfers.
- Treatment cash documents.
- Maintenance of existing accounts (credit and deposit).
- Reception and control of primary client documentation.
- Receiving and issuing cash.
All of the above actions can be performed both in the Sber branch and in its electronic business service. In addition, during the operating hours, services for monitoring a personal settlement account are available to customers:
- balance inquiry;
- receiving statements;
- generation of reports on operations, etc.
At the end of the day bank employees form the balance for the day.
What transactions are available at the end of the trading day
If the client is serviced at a Sber branch, at the end of the operating period, he will not be able to perform any banking operations. This is explained simply - the mode of operation of the department coincides with the boundaries of the day. When working through the Business Online electronic service, any Sber client has access to such operations as:
- checking the balance of accounts;
- control of payment history;
- reporting on transactions on the selected account.
All other transactions will be unavailable. The system will accept them, but their processing will only start at the beginning of the next time period, in the order of the general queue. Until then, the status of the transaction will remain "In processing".
conclusions
A business day is a period during which Sberbank performs settlement and cash operations on behalf of customers. Its duration is set separately for bank branches and for remote service services. If the client tries to make any transaction after the end of the day, it will be "frozen" until the next transaction period.
Banks and credit organizations have many internal rules of work, service standards, special terms. With their help, the bank can simplify and systematize its activities, form clear rules for the provision of services.
One of the terms used in banking, is "banking day". It can often be found in contracts of all types, bank documents, as well as in the description of services. Our article will tell you about what is hidden behind the phrase "Banking Day".
What is it
A banking day is a rather vague concept, and at the same time, not a single legislation speaks of it. This is more of a professional term, rather than an established unit, and therefore for each bank "banking day" is something different. but general definition the same for everyone: a banking day is a working day during which the bank is engaged in its activities, transfers and other operations in addition to customer service.
The concept of a banking day can most often be found in the description of various contracts in which, in banking daysх indicates the period of operations or the duration of the services. At the same time, technically, the "Banking Day" lasts several hours.
Difference from working day
So why do we need the definition of "Banking day", if there is a simpler concept of "Working day"? Actually These two concepts, although quite similar, are significantly different from each other. The main distinguishing features of the banking day from the usual are as follows:
- At the beginning of the banking day, the bank itself revalues foreign currency;
- At the end of the banking day, all necessary reporting is generated;
- On a banking day, settlement services are provided to citizens;
- On the banking day, time is provided for operational customer service.
Information
So a banking day differs from a working day in terms, quantity (not every banking day can be considered a full-fledged working day of the bank), as well as other features (operations performed, recording in reports, etc.).
How to calculate
It is quite difficult to answer the question "How to calculate the number of banking days?". After all, as mentioned earlier, the concept of a banking day varies from institution to institution. but general rules for calculation is. To get started, find out exactly which days are considered bank days in the bank - any consultant or manager will tell you about this. Then take the total number of days for the period you need, remove all weekends and holidays from it (any production calendar can help you with this). After that, you will only have to select those days that, according to the bank's criteria, are banking.
Information
In this case, to calculate banking days, you can use the help of the bank itself. If you need to know the terms of any operation, then it is better to ask a banking specialist or call hotline- they will advise you there.
In Sberbank
Sberbank, being one of the largest, wealthiest and technologically advanced banks, has the most complex and broad concept of a banking day. Transactions during the banking day are divided into categories, and the processing time and execution of transactions already depends on the currency and the method of transferring funds within the bank.
A feature of the banking day at Sberbank is that it can last 24 hours. For example, banking day in relation to Belarusian rubles lasts exactly 24 hours and is "updated" at 9 pm. In order to learn more about the table of terms and methods of work, you can use the service of Sberbank itself at the link.
Many people who are not closely associated with banking institutions do not understand their rules for processing payments. The notion of a banking day can be confusing.
Most ordinary citizens are interested in banking days - these are calendar or business days, as they are considered and affect payment transactions.
Often there are unpleasant situations when the payment made is credited to the current account later due date, because of which the payer is charged a penalty or penalty.
The client blames the bank, however, in order to avoid such moments, you should know the opening hours of the institution with payment transactions.
Banking day is the period of work of banks with electronic payment systems. That is, the most accurate answer to the question of what a banking day is is the time period from the moment specialists start working with payment transactions until the end time.
It is during this period that the majority of settlement transactions are processed with the participation of individuals, legal entities and financial institutions. In practice, this is the time from 10 am to 4 pm.
Today, a huge number of citizens and organizations use remote payment methods - electronic banking programs and applications. They allow you to carry out any financial transactions without a visit to bank branches.
These programs are available to users at any time of the day - for example, they can transfer funds or pay an invoice both day and night.
However, some types of payments require the participation of banking specialists to complete. The payer can create payment order by the end of the working day, but it will be completed only the next morning, starting at 10 o'clock.
That is, since the opening bank employee electronic payment systems and direct processing of this order.
The main difference between banking and business days lies in the understanding of the definition itself.
You should pay attention to the opening hours of any financial department - most of them operate according to the usual work schedule for everyone, which is an eight-hour or nine-hour period of time.
Employees of banking organizations usually work in the standard mode adopted in the country. But only part of their working time is devoted to the implementation of settlement operations.
For a clear separation of working, calendar and banking days, you need to know that:
- calendar Any day of the week with 24 hours. Calendar days are counted in sequential order, regardless of belonging to weekends, holidays and working days;
- worker- duration of work of a citizen or company within one calendar day, established by law and official duties worker;
- bank- part of the working day of employees of banking organizations, during which work is carried out with the electronic settlement system.
Working days do not include weekends and holidays. In relation to a particular employee, a separate type of working day is fixed - the period of his labor activity within one calendar day.
So, the working day can be full or part-time, shortened, standardized or irregular. Calendar days are counted in the order of the numbers in the calendar.
The calculation does not take into account whether the number belongs to weekends or holidays.
Even knowing the features of the functioning of banking institutions, many customers are confused about how to count banking days.
Information indicating their number can be found in many documents - agreements with banks and other companies, payment schedules, etc.
When calculating banking days, specific time periods within one day are not taken into account - only the number in the calendar matters.
To find out, for example, 10 banking days - how many calendar numbers it is, you need to have the 2020 calendar on hand.
Therefore, ten banking days in the absence of holidays will be about two weeks according to the calendar.
Determine how much calendar days in 30 banking, follows in a similar way:
- take the current calendar;
- cross out the numbers that fall on weekends and holidays;
- count in order the remaining ones up to 30.
That is, if we are talking about the fulfillment of contractual obligations, it is necessary to consider the days of the month on which the bank will a priori work and engage in settlement transactions.
If the client is interested in sending or receiving a payment, a specific banking time is taken into account within one business day, during which the institution's employees work with such operations.
Each financial institution may have its own banking day regimen. These points should be clarified directly at the branch of the bank, the client of which is an individual or legal entity.
Distinctive features of the operating mode of banks are important for customers. It is vital for company accountants to know how bank days are considered for payment - often payment transactions have to be made at the last moment.
There are often cases when money is expected to arrive on the company's current account. And every minute in such situations plays an important role.
Ordinary citizens also have to deal with the concept of banking days in everyday life.
Modern Internet technologies provide the ability to remotely carry out transactions with one's accounts, however, many types of transactions are still made by bank employees.
And even the sent payment will not be credited to the recipient's account until it is processed by a bank branch specialist.
