Overview
- Ordinary interbank euro transfers, entered after 18:00 Thursday, will wait in a queue over the Easter break and post on Tuesday, April 7.
- Instant transfers sent through the Eurosystem’s TIPS platform keep working around the clock and settle in seconds.
- Transfers between accounts at the same bank still post right away, and card payments receive real-time authorizations.
- Central banks say money is not lost and queued payments will clear once T2 restarts, with a backlog on Tuesday likely to slow some credits.
- The pause follows a long-standing Eurosystem holiday calendar set in 2000, as instant payments remain a minority even as EU rules push wider use and equal pricing.