Transfers blocked for several days in all banks, here's why

From March 29th to April 1st it will not be possible to make bank transfers.
It is therefore a good idea to mark these dates on your calendar.
The ban on ordinary bank transfers was communicated by the Italian and European banking institutions themselves.
The block will therefore involve the entire Eurozone, and it is a good idea for users who need to provide or receive a bank transfer on those days to organize themselves in advance, carefully planning the days on which to pay the money, or by warning that the amount will arrive with a slight delay In a few days, therefore, the majority of bank transfers will be blocked, for a period of four days, and it is natural that users will wonder why this is happening.
In reality, there is no need to be alarmed, as this banking blockade occurs every year on certain days of the year.
It will therefore be a good idea to try to understand the reasons and what to do in case of emergency to receive the bank transfer during the stop days.
Here's everything you need to know about blocking bank transfers.
read also How long does it take for a bank transfer to arrive? Times and types Bank transfers blocked in all banks: when and why If it is true that the blocking of ordinary bank transfers can represent a problem for workers, it is good to know that this is nothing new, rather it is "ordinary administration" of which the general public is not aware of this.
In fact, it will have happened to everyone at least once to realize that a bank transfer does not reach its recipient within the usual 24 hours.
This happens because every year, the system that handles money transfers is shut down for a few days.
The so-called interbank closure involves all the countries of the Eurozone and occurs several times a year during public holidays, such as New Year's Eve, Christmas and also during the Easter period.
It goes without saying that if for the other holidays the interbank blockade occurs only for one day, for Easter, ordinary transfers will be blocked from Friday 29 March to Monday 1 April 2024 inclusive, on these days it will not be possible to make any transfers between two banks.
The money from ordinary transfers will only arrive in the accounts starting from Tuesday 2 April, as also explained by Banca Popolare di Sondrio: SEPA transfers to other banks with an execution date of Thursday 28 March will be settled on Tuesday 2 April; TARGET transfers (large amount transfers/BIR and foreign transfers) cannot be processed on Friday 29 March and therefore "it is advisable to bring forward their execution to Thursday 28".
On the other hand, any transfer between two accounts of the same bank can be received within the usual deadlines.
Interbank closure: on which days are transfers blocked? As anticipated, the interbank closure occurs several times a year and not only during the Easter period.
And given that the public holidays affected by the interbank closure may vary, users should look in red on their calendar for the dates on which they will not be able to make ordinary transfers.
Here are the days on which bank transfers will be blocked in 2024: Monday 1 January; Friday 29 March; Monday 1st April; Wednesday 1st May; Wednesday 25 December; Thursday 26 December.​ read also Instant transfers, the EU regulation arrives: what it is and what it provides Interbank closure: when to make transfers After having marked the days of interbank closure on the calendar, it is important to understand how to plan ahead, limiting the problem.
As explained, ordinary transfers created in these days will be scheduled and executed the following business day.
Experts therefore suggest making ordinary transfers the previous day before 4.30 pm, so that they are executed on the same day.
However, in case of emergency it is always possible to make and receive instant transfers even on interbank closing days.
These operations, in fact, are processed 7 days a week, even on Sundays.
In fact, with or without commission, instant transfers are the perfect solution for interbank closing days, as long as the sender's and recipient's accounts are both located in a Eurozone country.