Fate salary payment: that is really behind it!

Fate salary payment: that is really behind it!

On the last day of the month, many employees are excited: their salary is not yet in the account, and the weekend is just around the corner. But no reason to panic! On February 28, 2025, Erste Bank reported that transfers from domestic domestic problems were received late due to technical problems. A technical error in the European payment system has delayed the payment. The Target 2 systems were affected for large payments and T2S for securities transmissions. Fortunately, there was no malicious intervention - however, the disorder was significant enough to affect the salary, as well as the pension payments. The bank assures that all open transfers will be completed on Friday and asks customers to do without telephone inquiries so as not to overload the channels.

What does that mean for employees?

Frustration on late salary payments is widespread. Employers are legally obliged to transfer the salary on time, which is clearly regulated in most employment contracts. A general date for the payment does not exist, but the 1st or 15th of the following month is often chosen as a key date. If the salary is not on the account in time, the employer can already get in default. In such a case, employees are entitled to default interest, and the law provides for a clear regulation - yet §614 of the Civil Code applies. Apprenticeship -specific regulations of vocational training also lead to clear payment dates.

This legal basis shows that it is essential for employees to keep an overview of their payment periods and to act appropriately in the event of delays. The already mentioned disorder could unsettle many, but in most cases the situation is quickly remedied. If the salary still arrives significantly late, you should not hesitate to address the employer on it. If you want to find out more about the exact deadlines and rights, you can find at Stepstone.de Further useful information.