What does production date mean?
Hello, what does the value date mean for a transfer? Does it indicate when the money will arrive?
Hello, what does the value date mean for a transfer? Does it indicate when the money will arrive?
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In banking, the value date refers to the setting of the calendar date at which a credit or debit on an account becomes effective or effective. It is also called “Valuta Date”
LG by Manfred
No, this is the date that will take effect a booking on an account for the interest bill.
And when is the money coming?
Usually within the usual transfer period.
See alsoHow long can a transfer be “underway”?
And is available for other bookings (if you have for desired and should have). For example, if 800 Euros are now debited for an account balance of 1000 Euros, the debit can still be dismissed if, for example, 400 Euros are not included in the account balance tomorrow, as only 600 Euros are available today.
That’s the day you can have the money. For example, if you are a dispocredit, then the value date is important for the interest rate calculation. From the value date, the money is available to you.
That means if you cancel the money before the value date, you’ll have to pay target interest.