Closing time also known as cut-off time

The point in time after which a bank no longer accepts bookings. Amounts received after this deadline – also electronically – or transferred to another account are posted on the following day (the deadline set by a bank for the acceptance of accounting transactions. After the cut-off time, entries are executed on the next banking day). – Correspondingly, in electronic payment transactions, the time at which a transfer system no longer accepts any further orders for processing (transaction processing time, measured in seconds, at which an electronic banking terminal automatically disconnects from a host computer). – See remote access, branch, fully automated.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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