Cut-off times, value dating and transfer times

Effective as of 28 October 2019 for debiting accounts in DNB Norway

Outgoing transfer from account in DNB Norway	Cut-off times (CET)*	Debit value dates	Credit value dates
Domestic payments
Payment with or without reference (KID)	14:30 hours	Same day	Same day
Salary payment	14:30 hours	Same day	Same day
Express payment	15:00 hours	Same day	Same day
Internal transfer in NOK and foreign currency With exchange: Without exchange:	Same as for cross-border transfers  19.00 hours	Same day	Same day
International payments**
EUR, DKK CAD, EUR***, GBP, MXN, USD NOK SEK CHF  CZK, HUF, PLN**** THB AED, AUD, HKD, JPY, NZD, RON, SGD, TRY ZAR Other currencies	14:30 hours 16:15 hours 15:00 hours 16:15 hours 15:30 hours 11:00 hours 14:00 hours 11:00 hours 15:30 hours 15:30 hours	Same day Same day Same day Same day Same day Same day Same day 1 banking day 1 banking day 2 banking days	Same day Same day Same day Same day  Same day Same day Same day 1 banking day 1 banking day 2 banking days

*Cut-off times mean registered and approved.

**The cut-off time for payments received manually or via secure telefax is one hour earlier than normal cut-off time for the relevant currency. To avoid delays in the handling of this kind of payments, you must make sure that all the information is correct, and that it is possible to send payments in the currency in question. According to EU rules the receiving bank is, within the EEA, in most cases obliged to credit the account of the beneficiary on the same day they receive the money. In other countries it may in some cases take longer time before the beneficiary’s account is credited. The value dating rules refer to credit of the first bank in the chain if more than two banks are involved.  In these cases, it may be that beneficiary’s bank is credited later than the day indicated in the value dating rules.



Explanation of terms:
Cut-off times, value-dating and transfer times for outgoing cross-border payments