In 2025, this concerned the period from Friday April 18 to Monday April 21 inclusive. For individuals as well as for businesses, information may seem trivial, but it is not without consequences.
A “technical break” on a European scale
Behind this temporary suspension of transfers hides a slightly dark name: TARGET2. It is the interbank settlement system of the euro zone. Clearly, it is he who allows banks to transfer money together in a secure manner. But like any system, it has its closing days. And among them, Good Friday and Easter Monday are in good place, because these are public holidays recognized in several countries of the European Union.
Result: from Friday 18 to Monday, April 21, 2025 inclusive, no classic separate transfer will be able to pass between two different banks. A transfer made on Thursday, April 17 after 4:30 p.m. will therefore not be visible on the recipient’s account until Tuesday, April 22. A four -day cut that falls badly for some!
Concrete consequences for individuals and pros
This cut may be known in the banking sector, it continues to take users each year off guard. Who has never raged when he saw a “pending” salary for a long weekend, or a rent arrived late? For individuals, this can cause unnecessary concerns, especially when the accounts are dry while waiting for an expected transfer.
On the business side, the subject is even more sensitive. Many must anticipate the payment of wages to prevent employees from being penalized. Some SMEs may find themselves stuck if they do not send their payments in time. Especially since communication on this suspension is still too discreet.
Fortunately, there are alternatives. And one of them is quickly democratizing: Instant transfer. This service allows money to be transferred in a few seconds, 24 hours a day, 7 days a week, even during the holidays. And the good news is that since the beginning of 2025, all banks in the euro zone have had the obligation to offer this service for free. It is a small, relatively unnoticed revolution, but which could well change the situation.
Also note that internal transfers, between two accounts of the same bank, are not affected by the Target2 judgment. They continue to operate normally, even during the Pascal weekend.
To retain:
- Interruption period: from Friday 18 to Monday, April 21, 2025 inclusive
- Cause: closure of the Target2 system, which manages interbank transfers
- Impact: transfers between banks are delayed; internal and instant transfers remain possible
- Advice: Anticipate important payments before Thursday April 17, 4:30 p.m.
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