ACH (US) payment timings
Timings
If you are creating a payment for a customer, with an active authorisation, it will take 1 business day before the customer is charged.
Once the customer has been charged, it will take 2 business days before the funds are paid out to you and a further 1 working day before the funds are received by your bank.
Please note: The timings are based on the payments being collected as soon as possible. If a payment is created in advance, for example with a specific charge date, then the payment would be submitted automatically, 1 working day before the charge date.
|
Creation deadline |
D-1 at 11 am* (EST) |
|
Charge date (D) |
Day 0 |
|
Payment confirmed |
D+1 at 2 pm (EST) |
|
Payout received |
D+3 |
* The creation deadline provided is the earliest time on that day before which the payment must be created, to account for variances in daylight savings across time zones. This deadline may fall slightly later during parts of the year due to this and so, for the most accurate creation deadline, we would advise you to refer to our UK creation deadline, which is always 4 pm UK time.
Faster ACH timings
|
Creation deadline |
Day 0 at 11am* (EST) |
|
Charge date (D) |
Day 0 |
|
Payment confirmed |
D+1 |
|
Payout received |
D+2 |
International Payments
If you are collecting payments internationally with FX, please allow an extra 2-4 business days to receive your payout.
After a payment is created, it is submitted to the bank for processing on the same business day. The payment is then collected from the customer 1 business day after submission, (1 business day after it has been created). It is paid out 2 business days later (4 business days after creation).
The timings are based on the payments being collected as soon as possible. If a payment is created in advance, for example with a specific charge date, then the payment would be submitted automatically, 1 working day before the charge date.
Please note: 'Created' refers to the creation deadline - the latest day a payment can be created (at 4 pm UK time) to be collected from the customer on the charge date shown in the calendar example above.
Please note: ACH payment authorisations are only set up when the first payment is due to be processed. The authorisation is submitted with the first payment.
FAQ’s
When will I receive the payment?
Approximately, 4 business days after the payment has been created.
What happens if I miss the daily creation deadline?
The payment process will start on the next business day.
What happens if there is a national public holiday where I am based / where I am collecting the payment from?
Payments are not processed on national public holidays and will move to the next business day. Payouts that are due to be paid out on a national public holiday will move to the next business day.