Cryptocurrency Q&A
What is currency cut-off time?
What is currency cut-off time?
Daniela
Sun Dec 22 2024
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6 answers
1467
I am trying to understand the concept of currency cut-off time. I want to know what it is, why it exists, and how it affects currency transactions and exchanges.
6 answers
SophieJones
Tue Dec 24 2024
This cut-off time varies depending on the currency involved and the financial institution's policies.
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Stefano
Tue Dec 24 2024
If a Foreign Telegraphic Transfer instruction is processed after the currency cut-off time, the funds will not be immediately available.
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emma_carter_doctor
Tue Dec 24 2024
Instead, the funds will be held until the next business day.
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MountFujiView
Tue Dec 24 2024
This delay can impact the beneficiary's ability to access and use the funds as needed.
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TaegeukChampion
Tue Dec 24 2024
The timing of currency cut-off plays a crucial role in determining the availability of funds for crediting to the beneficiary's account.
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