New Zealand banks exchange payments with each other multiple times each business day, between the hours of 9am and midnight. It's up to the receiving bank when they make payments received visible in a customer's account.
We process payments on normal business days – Monday to Friday, not including public holidays – as long as they are authorised by the cut-off time. If your payment isn’t authorised on time, we’ll process it on the next business day.
Transfers between your accounts in Business Banking are made as soon as they are authorised, including public holidays.
Cut-off times for each payment type
Automatic payment (an amendment or deletion) – 5.30am
Automatic payment (new) – 9.45pm
Bill payment – 11:45pm
Credit card payment – 6:00pm
Direct credit and payroll – 11:45pm
Direct Debit – 11:45pm
International payment – See foreign currency cut-off times
Same-day cleared payment – 4:30pm
Tax payment – 11:45pm
Public holidays
Automatic payments, and payments to other banks, that are due to be made on weekends or on any of the public holidays observed in New Zealand, may not arrive in the recipient’s account until the next business day.
We treat provincial anniversary days (for example, Wellington Anniversary Day) as normal business days.