What is a value date? When a payment really counts
By SendPay Business · · 2 min read
- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
A value date is the date a payment actually takes effect: when money leaves one account or becomes available in another. It isn't always the same day you pressed send.
Three dates on one payment
Tap to explore
Tap each one to see what it means.
Transaction date
the day you instruct the payment.
Value date
the day the money is treated as moved, for balances and any interest.
Available date
the day the person being paid can spend it, which is often the value date.
Value dates in currency exchange
In the foreign exchange market, a standard "spot" trade usually settles two business days after it is agreed, written as T+2. A few pairs, such as US dollars against Canadian dollars, usually settle the next business day. A forward contract has a value date further in the future.
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Why weekends and holidays matter
Value dates only fall on business days, and they must be a business day in the countries of both currencies. A payment made on a Friday afternoon, or before a bank holiday in either country, can take its value date to the following week.
Where SendPay fits
SendPay platforms give your customers GBP, EUR and USD accounts, transfers and currency exchange at a fee the owner sets, powered by licensed partners.
How it works
Money on its way- 1Pick who to pay and type the amount
- 2Tap send and it is on its way
- 3It lands in their account
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SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
When will my currency exchange settle?
Work out the value date with the free calculator.
Value date calculator →What is a payment cut-off time?
The latest time for same-day processing.
What is a payment cut-off time? →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.