Tyro submits payment instructions for the previous day's transactions to the merchant's nominated bank in a file at 10am on banking days via the Bulk Electronic Clearing System (BECS). Non-banking days (weekends and Public Holidays) are submitted along with the next banking day's transactions. However, for merchants who settle their funds into the Tyro Bank Account, with Tyro's 'Flexible Settlements', merchants can select a settlement time for the same day (from 8pm) 7 days a week.