Source: Business Quarter magazine
Natalia Baranchikova How long do payments take? Valentina Korkina, head of the department of interbank settlements and correspondent relations of SKB-bank: We send payments received before 16:00 on the same day. If the client provided documents in paper form, it will take some time to process them. Electronic payments are much faster. We also transfer funds to the client’s account “day after day”. In order for the counterparty to receive the money as quickly as possible, it is better to use the electronic system “Bank-Client” or “Bi-Print” and provide payment before 13:00. The bank sends funds “day to day” regardless of the state of its own correspondent account: to ensure the speed of payments, a special agreement has been concluded with the Central Bank, under which SKB Bank can receive intraday loans. The speed depends not only on the specific credit institution. After the bank has sent the electronic payment, the funds are transferred to the Central Bank Information Processing Center. After this, they are credited to the correspondent account of the receiving bank and transferred to the client’s account. If correspondent relations are established between banks, then the payment is made directly, without the participation of the Central Bank, and this is much faster. Andrey Antipov, Deputy Chairman of the Board of Metcombank: On average, one payment takes two hours from the moment it arrives at the bank to the final recipient. The speed is influenced by the territorial factor, as well as by the method in which the recipient's bank accepts payments. When the recipient is a client of another bank, settlements are carried out “same day” if they are received before 15:00. When the recipient is our client, payment will be made on the same day if the documents are received before 16:00. We make payments to cities where we have branches in less than an hour. High speed of transactions is guaranteed by remote banking systems. Galina Sushkova, head of OPERO bank "Jewelry of the Urals": Payments are processed “same day” if documents are received on paper during the business day. If later, the funds will be transferred in the first half of the next one. The Bank-Client system increases the speed of payment execution. Evgeny Turutin, director of the business development department of Zoloto-Platina-Bank: Payments are debited from the client's current account and sent from the correspondent account on the same date throughout the entire business day. Thanks to the electronic settlement system between divisions of the Bank of Russia, payments from commercial banks in Yekaterinburg take place within 10-15 minutes. When sending money to Moscow, you need to take into account that there is a scheduled system for receiving and processing payment documents. Therefore, you should expect funds to be credited to the recipient’s account within 1-3 hours. We do not have special tariffs to speed up payments, but if the client wants to send funds individually, the bank is always ready to accommodate him. Natalya Minyailo, head of the customer service department of the commercial bank "GRAN": We have a standard for processing payment documents; this procedure takes 30 minutes. All payments that arrive at the bank before 16:00 are processed “same day”. If the client needs to make a payment at a later time, he can write a letter to the bank. If such an application is received before 17.30, the payment will be sent on the same day. This service is paid additionally. Marina Galushina, head of the accounting and operational department of the branch of UralSib Bank in Yekaterinburg: The processing time for payment documents is specified in the bank account agreement. Article 31 of the Federal Law “On Banks and Banking Activities” obliges the bank to “transfer the client’s funds and credit funds to his account no later than the next business day after receiving the corresponding payment document.” Some people use this wording to their advantage. It is ideal if the bank makes credits to clients’ accounts before the completion of settlements by the RCC, and payments for orders before the maximum possible time. There is also an “individual approach”, when a client can enter into an agreement with a credit institution on special terms. Our bank allows our bank to reduce payment processing time to a minimum through a wide branch network, as well as open correspondent accounts with other credit institutions. It is important not only the number of accounts themselves, but also the balances that banks hold on them. Natalya Kalinichenko, head of the settlement center of Bank24.ru: In our bank, the cost of a transfer via the Internet Bank system is 9 rubles. 90. kopecks for each document, regardless of the transfer amount, time and region where the payment is sent. All client documents are processed automatically, without the participation of transaction operators, and are executed within 10-20 minutes. Our clients can use the free service “Informing clients about the movement of funds in the account” to control the time of sending payments and their receipt in the account. Maria Plaksina, head of the corporate client services department at Uralvneshtorgbank: Banks make payments in the Ural region “day to day”. To other regions - depending on the time of submission of payment documents and destination. The speed also depends on the remote service system used by the client and on the bank’s mode of operation with payments. At UVTB, funds are credited, serviced, and debited from the account automatically. All payments received by the bank before 16:00 in paper form and before 20:00 in electronic form through remote banking channels will be executed on the same day. Funds are immediately transferred to the client, bypassing transit accounts. Payments that arrive at the bank after 20:00 are processed the next day. Due to the time difference, such a schedule is convenient when working with Moscow. However, the procedure for settlements with the Moscow region depends on the operating hours of the territorial office of the Central Bank in Moscow. The Central Bank has determined only 5 flights during the day for all banks. We guarantee payment execution to Moscow within 2-3 hours.
Speed in modern conditions is the main advantage for business. Therefore, when making bank transfers, you need to take into account the timing of transferring money between banks. It is desirable that this time interval be minimal.
Also, individual users who send funds from their accounts want to minimize the time required for this operation. After all, sometimes you need money very urgently, for example, you need treatment or other life situations that do not imply delay.
Transfers within the region
The fastest transfers are within one region. The approximate time for crediting to another bank's account when sending through a cashier is limited to the next settlement day. It depends on the financial institution's operating pattern. All payments are grouped at the end of the day into one payment document.
Money transfer
In the postoperative period, such documents are collected for sending to the main branch.
They are then automatically sent to the recipient's bank through the electronic payment system (EPS).
Amounts may reach the correspondent account of the recipient's bank late on the same day or at the beginning of the next business day. Then the transactions are redistributed to specific branches of the recipient bank. This may also take some time, especially if the number of such operations is quite large.
Transfers outside the regions
A more common type of transfer is sending money to the current accounts of other banks registered in another financial region. It takes a little more time to get through this financial information. The bank's head office is involved here, in addition to regional divisions. Therefore, on average, the time for transferring money between banks in this case can reach up to two business days.
International transfers
When sending money abroad, from your foreign currency account to a foreign currency account in another country, it takes up to three days. This limit depends on the correspondent banks participating in the transaction. After all, money is first debited from the balance of the sending client, then passes from the accounts of the sending bank to correspondent accounts of German or American intermediaries, and only lastly from their balances is credited to the receiving bank and then goes to the user’s balance.
International transfers
In all international transactions, currency control of such transfers is carried out at several stages.
Therefore, such an operation also takes some time.
Card transactions
Card transactions can be called faster. Debiting from the balance and crediting using the Visa or MaserCard systems is carried out between different banks from several minutes to several hours.
But you need to know that if the operation is carried out in different currencies, then the adjusted exchange rate difference may be written off from the sender within two business days.
Paying for housing and communal services through Sberbank Online will be easier if you set up templates for monthly transfers. Internet banking allows you to save data about the recipient's details and create a template that will be used if necessary. A template created once will allow all subsequent operations to be carried out without re-entering data and details, indicating only the amount that should be debited from the card in the current month.
How long does it take for money to go to a current account: terms in Sberbank and other banks
Among business representatives, Sberbank is one of the largest credit institutions. Entrepreneurs and firms are ready to put up with some of the shortcomings of service at Sberbank, because in return they receive increased reliability and reduced risks. But large transactions may depend on how quickly money arrives in the Sberbank current account, and you need to take into account in advance that several situations are possible:
In fact, it is almost impossible to unambiguously answer the question of how long it takes to send funds to a current account (c/c). A lot depends on the nature of the transaction, the payer and recipient banks, etc. For example, within one credit institution, money usually arrives within a few seconds after sending a payment order, while a payment sent to another branch or bank can no longer be called instant.
Does Sberbank charge a commission when paying taxes?
Current and overdue taxes can also be paid in the Sberbank mobile application. To do this, you need to log in, click “Payments” - “Taxes, fines. Traffic Police" - "Search and payment of taxes to the Federal Tax Service." Follow the instructions below. For convenience, it is better to save your details and the details of the regional Federal Tax Service as a template so as not to enter them every time.
This method is very convenient if you have a notification from the tax office with a barcode and QR code. Apply the code to the reader - and then the device will provide all the details automatically. Some people find it more convenient to manually enter the recipient's account number, TIN. BIC and other details.
2 reliable ways to pay taxes through Sberbank Online
- Send payment at least three business days in advance. The receipt is automatically saved in your account;
- To make sure that the amount has been credited, obtain information about your debts from the inspectorate or on the tax service website. If you have no debts, there is no reason to worry;
- If the money has not been received and a debt has arisen, contact Sberbank and request a write-off certificate to present to the Federal Tax Service.
You need to understand that a banking application is only a settlement tool that is controlled by the user himself. If you do not access the functionality in time, you will not be able to pay the tax by the due date. Each fee has its own payment deadlines. For example, in 2020, property taxes for the past period must be paid before December 1. Therefore, conscientious taxpayers will make sure to send the payment in advance.
Information on how to pay taxes through Sberbank allows you to make payments both to the Federal Tax Service and to pay other tax fees (transport, for an apartment, etc.). It is worth noting that the bank is the only institution that has signed a cooperation agreement with the Federal Tax Service.
Regardless of the chosen method of paying taxes, the taxpayer will need a receipt with completed details of the recipient, sender and the specified amount. Typically, such receipts are already received by the client in completed form from the Federal Tax Service or other organizations where they need to pay. It is important to pay attention to the deadline for the obligatory payment in order to calculate the time of crediting the money and not end up among the debtors in the future.
Paying taxes through Sberbank Online
Instead of manually entering the 20 digits of the postal code, you can take advantage of the option to scan the barcode or QR code, which are usually located at the bottom and left side of the notification, respectively. To do this, click on the Scan barcode inscription and follow the instructions.
The pictures below show an approximate view of the confirmation screens; all data is hidden for privacy reasons. Here, as an example, land tax was paid. When paying transport tax, personal property tax or another type of tax fee through Sberbank Online, the relevant information will be indicated in the Payment purpose field
Payment of transport tax through Sberbank Online
- Log in to your Sberbank Online account, enter the special login and password in the appropriate fields. You should receive an SMS with a one-time password or code to confirm your actions.
- In the Main Menu, click on the tab "Payments and transfers".
- Select a link "Federal Tax Service" in the payment for services and purchases section.
- In the search item we select payment of taxes to the Federal Tax Service.
- Next, the algorithm of actions is slightly different. A form opens in front of you where you need to select the card from which the tax amount will be withdrawn. Then we find the point - “Search for debt by payer’s TIN”. Click "Continue".
- You must enter data to log into your account on the official Sberbank website. If you do not have a personal account, you will need to register. To do this, you need a Sberbank card and a mobile phone with the Mobile Bank service activated. If you receive a message on your mobile phone about every transaction on your card, then this service is activated. The procedure for creating a personal account on the Sberbank Online website is extremely simple, so it’s easy and intuitive.
- While in your Sberbank Online account, go to the “Transfers and Payments” page.
- To speed up the process, you need to set your region.
- Go to the page of taxes, duties, budget payments, click on the “Federal Tax Service” button.
- On the page that opens after clicking, go to the page for searching and paying taxes of the Federal Tax Service.
- This is where the most important part begins - paying the payment. If you have a receipt, click on “Payment of taxes by document index.” If you do not have a receipt, you will need to go to the page for searching for overdue taxes by TIN.
- Then you should fill out the proposed fields and click “Continue”.
- In the new section, you need to decide on the bank card that you will use to make the payment. You should not use a simple savings book. To pay online, it is advisable to use a virtual bank card. Enter your tax code and click on the “Continue” button.
- Select the payment option and make the payment.
- Immediately after payment, click on the “Print receipt” button. To confirm payment of tax, you must print a receipt.
How to pay taxes through Sberbank
- First, choose the type of payment - cash.
- In the menu of payment groups, click on “Staff Police, taxes...” – tax service.
- Here it is worth focusing on payment using the details in order to accurately enter all the data: BIC, account number, IIN of the recipient and payer, purpose, basis of payment, etc.
- After filling out the proposed fields, check whether everything is entered correctly.
- Indicate the phone number where to withdraw the change.
- Press payment and insert the bills one by one into the acceptor.
- Be sure to pick up the check.
Regardless of what tax needs to be paid: land, transport (on a car), real estate (apartment, house, dacha), etc., there is no commission fee for transferring to the tax account in Sberbank. You can choose any payment method that suits you: commissions - no more than 1%.
How to pay transport tax through Sberbank Online
It takes some time for the tax office to receive the payment, so do not rush to panic if the debt does not disappear immediately. Check to see if the debt has been written off after a week or two. If the tax has been listed as unpaid for a long time, it is necessary to take action, since, most likely, the payment has not been received.
Many banks now have the opportunity to create a personal account, with which you can manage your accounts, pay receipts, and also apply for a loan. In their Sberbank-Online account, car owners, among other things, can also pay car tax. In this article we will tell you in detail how to pay transport tax through Sberbank Online.
How long does it take for money to arrive on a Sberbank card?
Here, the transfer of funds may take up to several days. A transfer from another bank account or from an electronic wallet can be carried out either within a few seconds or within a few days. This depends on the bank from whose account the money is debited and on the operation of the electronic payment system.
If the transfer falls on a holiday or weekend, then this day is not taken into account when calculating the period for crediting funds. For example, if a client of a third-party bank decided to transfer funds to a Sberbank card and carried out the operation on Saturday, then the calculation of the time when to wait for crediting will begin on Monday.
27 Jun 2018 7283I have long been tormented by the question, why are transfers using bank details so inconvenient in banks? Why are they held only on weekdays? Why can I transfer money instantly from card to card, but sometimes I have to wait a week for the transfer details? After all, the process is the same, isn’t it? I understand that in fact, perhaps, the transfer from card to card does not happen immediately. But the SMS arrives instantly, and you can also use the money right away. What’s the catch then with the bank details, why is it wrong with them?
I would be grateful if you reveal what the secret is.
Julia, now we’ll sort everything out.
Michelle Korzhova
financial consultant at Tinkoff Bank
How does a transfer using card details work?
It is important not to confuse the card and the account. A card is a piece of plastic, the key to a bank account. Money is not stored on the card, it is stored in a bank account.
You've probably noticed that cards belong to payment systems. The magic of translation speed lies precisely in them. The payment system is like a trusted negotiator: it instantly agrees with the banks that the transfer will take place, and the banks pretend that the transfer has already occurred.
I'll explain in more detail.
When you transfer money from card to card, you give a task to the payment system. She asks your bank if you have the required amount. If there is an amount, the payment system asks the bank to hold it, and it informs the recipient’s bank: “My friend, soon you will receive a transfer to such and such an account.” The money itself has not yet been transferred anywhere; it is blocked in your account. Typically, under a blocked operation there will be a message “Waiting for authorization.”
When the system approves your transfer, it tells the recipient's bank: “Look, your transfer will arrive soon. Pretend that the client already has this money.” Since banks trust the payment system, they credit the client’s account with money that has not yet been received.
At the end of the day, the payment system calculates how much it should transfer to whom, makes an offset and ultimately asks the banks to transfer the money where necessary. And now the banks take the blocked money from your account and send it to your address at their usual pace. You don’t see this - this is already banking. Since banks trust the payment system, and the system trusts banks, it is enough for them to immediately “agree” on the transfer, and make the transfer itself later. And for you it looks as if the money was transferred instantly. The magic of negotiations!
How does a transfer using bank details work?
Transferring from account to account using details is an old technology in which the Central Bank is involved, and everything there is strict and long.
All bank ruble transfers go through the Central Bank - a special payment document is sent there. The Central Bank has requirements for these documents, in particular, they can be sent only on working days and only at strictly designated times - these time periods are called “flights” in banks. Until July 2, 2018, these flights were strictly fixed in time.
Ruble flights between banks
Flight number (CB)
Formation of payment
The Central Bank accepts
The Central Bank confirms
The bank receives
Flight number (CB)
Formation of payment
The Central Bank accepts
The Central Bank confirms
The bank receives
Flight number (CB)
Formation of payment
The Central Bank accepts
The Central Bank confirms
The bank receives
Flight number (CB)
Formation of payment
The Central Bank accepts
The Central Bank confirms
The bank receives
19:00 Moscow time or tomorrow morning
Flight number (CB)
As before, the Central Bank receives the payment document during its working hours, checks the data and, if everything is in order, confirms the transfer. The Central Bank transmits the relevant information to the recipient bank of the payment. The receiving bank verifies the details of the person or organization for which the transfer is intended and transfers the money to his current account.
If there are errors in the details, the transfer ends up in the list of “unclarified payments”. If the recipient is not found within five working days, the money will be returned to the sender.
The rest of the procedure for sending and receiving transfers from banks remains the same.
In general, transfers using bank details take so long because they only happen at certain times and go through a bunch of checks.
If you have a question about personal finance, credit history or family budget, write to: [email protected]. We will answer the most interesting questions in the magazine.
Not only legal entities, but also individuals often depend, and very strongly, on the time of money transfer. This is especially true when paying off loan debt, transferring amounts to mobile operators, as well as relatives and friends who find themselves in a critical situation. In order not to find yourself in a situation where the monthly loan installment is not repaid on time due to a bank delay, as a result of which penalties and fines were accrued or a negative entry was made in the credit history, you need to know the time of transferring money between banks.
In practice, individuals and legal entities are often faced with a situation where a payment via the same route goes very quickly, literally in minutes, and sometimes gets stuck for up to 5 days. Let's try to figure out the reasons.
Reasons affecting the speed of money transfer
The timing of transferring funds between banks depends on many factors.
- The transaction is carried out between different banks. Regardless of whether the transfer is made from card to card or by bank payment from a current account to a current or personal account, delays of an objective nature are possible. This should be taken into account by both legal entities and individuals. For example, from a VTB card to an Alfa Bank card, a sum of money can take up to 5 days.
- The transfer is made from a third party's credit to debit card. In such cases, the lender will definitely check the payment in order to avoid fraud by various types of scammers. The verification will take 1-5 days.
- Money is transferred from card to card of various payment systems. For example, from a Sberbank Mir bank card, a transaction to a Visa or Maestro plastic card is always delayed. The same can be said for payments between Visa and MasterCard. Here, the payment processing time can last from 15 minutes to 3 days.
- The recipient bank is located in another region. Above we noted the delay in payments between different banks. Here we are talking about the same bank, for example, Savings, but located in different cities (transfer from St. Petersburg to Khabarovsk). This point should be taken into account by bank clients with different legal status.
- Using a third party ATM for the transaction. For example, a Sberbank ATM was used to transfer money between Rossiya Bank and Gazprombank. In this case, the transfer will not be made until the transaction fee is in the account of the owner of the payment terminal (Sberbank) - at least 1 business day.
- The amount of money transferred also affects the speed of the transfer. For small amounts, banks conduct random checks. Transfers over 50,000 rubles are subject to mandatory verification. The larger the amount, the more thorough the check; the more meticulous the inspectors, the longer the period they need to approve the operation.
- For international transfers, there are no restrictions on the period for crediting money. Here, unfair actions of banks along the entire chain are possible: sending bank – correspondent bank – recipient bank. Each of them can hold the money for a couple of days to spin it in the form of loans. In addition, one more important point must be taken into account: the discrepancy between the holidays of the sender’s country and the recipient’s country. Thus, a Russian payment to China for their New Year can wait up to a month for crediting.
- Technical failures of payment systems, including those due to hacker attacks, also affect the processing time of payments. For large banks, the time to restore a software product can take up to a day, for small banks – several days.
- It is also necessary to remember that the time frame for transferring money between banks from account to account also depends on the system for conducting settlement transactions. At the moment, in the Russian Federation, payments are made simultaneously using 3 systems: multi-flight; continuous processing of payments; electronic (BESP). The last two allow you to transfer funds from one bank to another through accelerated processing channels during the business day. The systems are expensive to install, so commissions are significantly higher than with multi-trip processing.
- Errors in payment document details also delay transactions.
Knowing the pitfalls in the passage of money in the financial sector, you can give answers on the passage of payment in a specific situation.
Within one region
How long does it take for a bank transfer between banks within the same region?
- If the sender and recipient's accounts are in the same bank, then within an hour.
- If the sender and recipient are clients of the same bank, but in different branches of the same region, the money will arrive within one business day.
- The payment was received by one bank, and the recipient is in another bank, but in the same region - the payment takes a maximum of two days. In practice, the following picture is observed: submitting payment documents before 12 o’clock on a business day allows the recipient’s bank to credit the money on the same day before 18 o’clock. If the payment is submitted later than 12 o'clock, the money will arrive in the recipient's bank account the next day.
- All payments from individuals up to 50 thousand rubles are processed within a maximum of 24 hours. More than 50 thousand may be delayed for 1-2 days.
From one region to another
How much does money flow between banks from different regions? Here, for legal entities, a slightly different rule applies: payment is minimum one day, maximum 5. For individuals using online payments, funds are credited within 24 hours. Delays may occur for the reasons stated above.
Transfer to a bank in another country
International transfers can take up to 10 days. There are many reasons for this: a long chain of transaction participants (correspondent banks stand between the sending and receiving banks), the need to convert money into local currency, the desire of each participant in the chain to hold the money for at least one day to use as credit funds.
Is there a difference for transfers from the current account of a legal entity?
The transfer of funds from a current account to a personal account follows the same algorithm as the transfer of funds from a current account to a current account.
Transfer times between cards of different banks
In an effort to attract customers, banks are making efforts to ensure instant transfer of money from card to card, regardless of the regions in which they are located. However, here too There may be delays for the reasons listed above up to 5 days.
Is there a difference for different card payment systems?
The owners do not notice the use of cards from different world payment systems in payments - the money is credited quickly. The exception is the Russian payment system “Mir”, which is not fully integrated into the global payment system. Here the delays are chronic.
Conclusion
It is impossible to answer specifically how many days a bank transfer takes between different banks. Here it is possible that several factors may be intertwined, affecting the speed at which money arrives in the recipient’s account.
But the transfer cannot proceed for more than 5 days - the law imposes restrictions on the duration of transactions. Thus, the sending bank is obliged to send the payment on the second day maximum (2 days), the Central Bank is given 1 day to process the submitted documents, the receiving bank must the next day, after receiving money from the Central Bank of Russia, credit the funds to the personal or current account (2 day). The result is 5 days.