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T+1 settlement, explained for café owners
What "next business day" actually means for your cash flow.
By 555 EditorialApril 9, 20263 min read
Settlement is when the money lands
When a customer pays you on 555, the funds first sit in our trust account at a Singapore-licensed bank. We then push them to your bank account on the next business day — that's T+1.
What "next business day" means in practice
- A Wednesday lunch transaction lands Thursday morning.
- A Friday dinner transaction lands Monday morning, not Saturday — banks don't move money on weekends.
- Public holidays push the cycle by one extra business day.
What you can rely on
A full reconciliation report is sent at end-of-day, broken down by payment method and shift. Most café owners find this is enough to close the books in 10 minutes a day.
What we don't do
We don't hold funds for marketing reasons. We don't do "instant settlement" for a fee. The trust-account model means the money is always yours; we're just routing it on a clean schedule.
#settlement#operations#singapore
555 Editorial
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