Do weekends or public holidays affect transfers?

Yes, weekends and public holidays can affect how long transfers take. Yes, weekends and public holidays can affect transfers on LemFi. Transactions submitted on a weekend or public holiday may not be processed until the next business day. A business day is defined as Monday to Friday, excluding weekends (Saturday and Sunday) and bank/public holidays. 

The underlying bank transfers, particularly to traditional bank accounts, rely on business hours. If a transfer is initiated on a Friday after business hours, it may not start processing until the following Monday. Even if LemFi processes the transfer, the beneficiary's bank may not process incoming transactions on weekends or holidays, resulting in delays.

Why this happens

Banks in many countries, such as Bangladesh, India, and Pakistan:

• don’t process payments on weekends
• are closed on public holidays

What this means for your transfer

Your transfer may:

• be delayed until the next working day
• take longer than the usual timeframe

What you can do

Allow extra time if your transfer was made:

• on a weekend
• during a public holiday

You can also check expected delivery times before sending money.