Q:
Are the funds reserved (blocked) on the payer’s account during the weekend for standard urgency payments, even if the actual payment processing takes place on the next business day?
A:
Funds are not reserved. They will only be checked on the next business day.
Q:
Is it possible to cancel a payment initiated during the weekend before it is processed?
A:
It should be possible to cancel a payment before it is executed on either a banking or non-banking day.
Q:
Are account balances updated in real-time to reflect pending or reserved payments, or are balances only adjusted once the payment is processed?
A:
Balances are updated once the payment is processed.
Q:
Are intra-bank payments processed instantly in Sweden, even on weekends?
A:
Between Nordea accounts within the same country, payments are settled on weekends as well.