Remittance Submission Date Calculator

Calculate the deadline to submit your remittance to the bank, considering SEPA scheme, sequence type and TARGET2 holidays.

SEPA submission deadlines
Scheme Sequence type Minimum deadline
COREFRSTD-5
CORERCURD-2
COREOOFFD-5
COREFNALD-2
B2BAllD-1

SEPA submission deadlines

What is TARGET2?

TARGET2 is the European interbank payment system. Its business days determine when SEPA debits are processed. It has 6 fixed holidays per year plus weekends.

What are the SEPA submission deadlines?

CORE FRST/OOFF: D-5 business days. CORE RCUR/FNAL: D-2 business days. B2B all: D-1 business day. Deadlines count in TARGET2 business days.

What are TARGET2 holidays?

New Year's Day (Jan 1), Good Friday, Easter Monday, Labour Day (May 1), Christmas Day (Dec 25) and St. Stephen's Day (Dec 26). Plus all weekends.

What happens if I submit late?

The bank may reject the remittance or postpone the collection to the next business day meeting the minimum deadline.

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