Hello!
I have an account with Deutsche Bank and have to set up a standing order for my monthly rent payment. It has to be paid by the 3rd working day of the month at the latest (as per standard German rental contract). Therefore, I would like to know how quickly German banks process standing orders - if I, say, set the money to leave my account on the 1st day of the month, will it be transferred in time? I know that UK banks can take 3-5 days to process standing orders.
Cheers
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Processing times for a standing order
Info on how long the banks usually take
An Überweisung usually takes two working days.
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