Submission deadlines, valuation and delivery times

Specifies when the task must be submitted to DNB in order to be completed by the stated date. Payments received after the submission deadline are valued on the next banking day.

Specifies when the payment is valued out of the payer’s account.

Specifies when the payment is valued for availability for the recipient’s bank/DNB’s correspondent bank.

The amount is sent in a different currency to the one your account is held in. The exchange is made at the best possible market rate immediately before the payment leaves your account.

The amount is sent in the same currency as your account is held in.

DNB is responsible for delivering the payment to the recipient’s bank within the time frame specified for the product. The recipient bank is responsible for crediting the recipient’s account. When this takes place depends on the recipient bank’s procedures and which agreements have been entered into between the recipient and the recipient’s bank.

The start date for calculating the delivery time is the date the customer enters as the start date in the order. The start date will be postponed if the order is confirmed after the specified submission deadline, or if there are insufficient funds in the account for the payment. For manual orders, the start date is set to the date on which the order is delivered to the bank before the deadline. The start date may be delayed if the order has shortcomings relative to the product requirements.

The payment is normally made in the currency type stated in the amount. For payments in NOK less than NOK 100,000, the bank reserves the right to transfer the amount in foreign currency if it is not possible to transfer in NOK. The execution will take place in the recipient country’s currency, USD, EUR or GBP.