1st working day of the month
Transactions loaded into IRIS

20th of the month
Verifier should have all receipts, distributions, and reconciliations complete to allow approver ample time.

25th of the month
Last day to verify and approve card transactions

25th of the month
Cut off date for the bank’s current month’s transactions, unless the 25th falls on a weekend holiday, then the cutoff date will be the next business day

26th of the month
Card clearing takes place