(kʌtɔf taɪm) or cut-off time
Word forms: (regular plural) cutoff times noun(
Finance: Banking)
The cutoff time is the time at which a bank stops crediting same-day deposits.
Deposits after the cutoff time are credited the next banking day.
Bank cutoff times determine when a transaction is official, so you should know your institution's rules.
The cutoff time is the time at which a bank stops crediting same-day deposits.