The Upcoming National Bank Holiday: What it means for your merchants in Australia and New Zealand
Australia : Key Dates
As you likely know, a new once-off National Bank Holiday has been announced for the 22 September.
Due to the nature of this once-off public holiday, merchants will likely experience some delays in payment processing. This delay will impact most banks, financial institutions and payment processors within the local market.
For Payrix partners, its important to know that payment submissions received on this date will be held over and processed on Friday the 23rd of September. Client settlements due to be settled on 22nd September will also be held over and settled on Friday the 23rd September.
If your customers are operating out of a Victorian bank account they may also be impacted by late rejections due to the public holiday (grand final day) on Friday the 23rd of September in Victoria.
New Zealand: Key Dates
New Zealand has also declared a National Bank Holiday on Monday the 26th September. Banks in New Zealand will not be processing on this day, meaning New Zealand merchants may also experience delays with your payments.
For Payrix partners, it’s important to know that payment submissions received on the 26th September will be held over and processed on Tuesday the 27th of September. Client settlements due to be settled on 26th of September will also be held over and settled on Tuesday the 27th of September.
Get in touch if you have any questions
We appreciate the bank holiday may impact you and your merchants payments, so we want to notify you in advance so you can prepare and share this communication with your relevant clients.
Get in touch with us if you have any questions about how this might affect you or your clients.
Upcoming Bank Holidays
For a full list of upcoming bank holidays in Au and NZ, please refer to the table below:
| Country | Holiday Date |
|---|---|
| Australia | Thursday, 22 September 2022 |
| Monday, 3 October 2022 | |
| Monday, 26 December 2022 | |
| Tuesday, 27 December 2022 | |
| Monday, 2 January 2023 | |
| New Zealand | Monday, 26 September 2022 |
| Monday, 24 October 2022 | |
| Monday, 26 December 2022 | |
| Tuesday, 27 December 2022 | |
| Monday, 2 January 2023 | |
| Tuesday, 3 January 2023 |