What is the "transfer date"?

What is the "transfer date"?

When making a transfer in the webapp, you'll be asked to input a "transfer date".

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The transfer date is the day we send the money to your recipient, not the day they receive it. Your recipient should get the money within the processing time, usually 3 business days from the transfer date.

What happens if the transfer date is a holiday or non-working day for the currency of your recipient?

If the date you choose for us to send your transfer falls on a holiday or non-working day for your recipient’s currency, then we’ll send the money on the next working day.

What happens when the transfer date is not specified?

The transfer date will be set to the default transfer date.

The default transfer date is the earliest available date we can start processing your transfer.

For most customers, the default transfer date is the current date.

The transfer date is also impacted by the available settlement date when you fund a transfer with a different currency.

(If you are allowed to create transfers without sufficient funds, the default transfer date is T+1 if you don’t have enough balance, and T+0 if you have enough balance in your wallet).

Which timezone is my transfer date in?

The Airwallex location that you are onboarded with will determine your account time zone. Each Airwallex location has been assigned the following time zones:

 

AWX ENTITY

 

TIME ZONE

 

AWX HK

Asia/Hong Kong

AWX AU

Australia/Melbourne

AWX SG

Asia/Singapore

AWX UK

Europe/London

AWX JP

Asia/Japan

AWX US

America/Los Angeles

AWX NL

Europe/Amsterdam



 

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