What is the bank delay?

There is an overnight bank delay for interbank transfers, as interbank payments are settled at night.

Money only moves between different banks on banking days. Weekends and holidays are not banking days. If the payment is made outside a banking day, it will not be processed until the next banking day.

The bank delay should be taken into account when the customer pays the invoice to UKKO.fi and when UKKO.fi has received the payment from your customer and pays the salary to your account.

Example

If the customer pays your invoice on Friday, the payment will not appear on UKKO.fi until the following Monday. UKKO.fi handles any expenses and puts your salary in payment according to your payment settings. Under normal circumstances, UKKO.fi pays your salary on Monday and it will appear in your account on Tuesday.