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Monday 1st May 2023 is a European & Irish bank holiday. As such, no electronic Euro payments can be made to bank accounts on this day, due to the Euro clearing and settlement system being closed.

Employers, for example, who normally pay salaries on the 1st of the month (including standing orders) will need to submit their payments by:

  • Thursday 27th April for value on Friday 28th April or;
  • Friday 28th April for value on Tuesday 02nd May

This should ensure that beneficiary accounts are updated (credited) on Friday 28th April or Tuesday 2nd May.

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