When planning financial operations at the end of the year, it is important to consider how banks work in January 2020 in order to manage to complete all necessary transactions on time. If you ignore this fact, you can be late with the payment of mandatory payments, which can turn into big troubles for payers (in particular, for legal entities - fines and penalties). On the one hand, when scheduling work during the New Year holidays, the management of each commercial bank should proceed from the Central Bank’s operating mode, with the support of which interbank transfers are carried out. But due to the fact that during this period, banks often turn to customers for servicing their accounts (for example, with a statement about closing a card, unlocking an account, recalculating accrued interest), some branches will work in standby mode even on New Year's holidays.
Despite the fact that banking experts are asked not to leave the implementation of important financial transactions on the last day of the year, many of their clients for one reason or another do not follow this recommendation. In this regard, if the obligatory payment is made during this period, it is important not only to understand how banks work in January 2020, but also when it will be possible to transfer funds in favor of another counterparty so that it reaches the recipient on time.
At the beginning of the year, Russians will have a long weekend from January 1 to January 8, 2020. But offices will not work only on the 1st, and from January 2, customers will be served by duty departments, where they can receive certain retail services. At the same time, terminals and ATMs will, as before, work around the clock, and to solve an urgent issue (for example, to immediately block a lost payment card), the consumer will always be able to contact customer support.
More detailed information on how the bank works on the New Year holidays of 2020 can be found on its official website, where such information will be posted (including which branches will work in standby mode).
Cash operations in open offices will be carried out normally, if this is provided for by the regulations of the cash center during the holidays. But there may be slight delays in transferring funds in favor of other counterparties, which legal entities may primarily encounter. When making payments through self-service terminals, money may also arrive late to recipients, since the procedure for performing these operations depends on the operating mode of the Central Bank of the Russian Federation.
Regardless of how the bank works during the holidays of 2020, at the cash desk of its duty department it will be possible to pay a monthly loan payment or receive a deposit payment. And if you can worry about paying credit debt in advance (to deposit money before the weekend), then interest on the deposit can be paid out on the first working day of the year, if they are not received at the duty department.
Working days and shortened days
Duty branches will work according to the reduced schedule approved by the bank management. Accordingly, when planning his visit, the client will need to receive information not only about the location of the duty office, but also about the service procedure. As a rule, on holidays, many banks work from 10.00 in the morning, and finish serving citizens at 15.00 or 16.00.
However, in January there will be no shortened days or transfer of working days approved by the Central Bank. New Year's holidays are a kind of gift for citizens to rest from workdays and regain strength. However, such a long weekend can cause certain inconvenience to individuals and legal entities who plan to make payments to third parties during this period. In addition, on New Year's holidays, most banks will suspend the issuance of consumer loans (this is due to the inability to collect a Credit Committee to consider accepted applications), but at this time the borrower will still be able to apply for borrowed funds and transfer the necessary package of documents to the loan officer.