What is the execution deadline for an electronic transfer from a current account in Luxembourg to a current account in France?
The execution deadline for a payment order in EUR within the European Economic Area is D + 1 bank working day (D being the day of reception of the order by the bank).
In fact, the European SEPA directive relative to payment instruments (bank card, transfer, etc.) imposes the harmonisation of the execution deadlines for payment orders in EUR, both at the national level and in the SEPA* zone.
Concrete example: Using your BGL BNP Paribas Web Banking, you make an electronic transfer from your current account on Tuesday to pay the invoice from a supplier in France/Belgium/Germany. The creditor's bank account will be credited no later than Wednesday.
*SEPA zone: 27 countries of the EU + Iceland, Norway, Switzerland, Liechtenstein and Monaco