Transfer Speeds
Understand transfer speeds and cutoff times.
Speed Parameters
When you create a transfer, the speed
parameter impacts how quickly funds arrive in the destination account. The table below shows the correlation between the speed requested and the fund's delivery time per use case.
The four speeds available for use within Deliver are:
- wire
- asap
- same_day
- standard
Delivery and Cutoff Times
Use Case | Speed | Delivery Time | Cutoff Time |
---|---|---|---|
Payouts | asap | Instant (if user is RTP or FedNow eligible) | No cutoff time |
same_day | T+0 (same business day) | 4:30pm ET | |
standard | T+1 | 11:50pm ET | |
Deposits | asap or same_day | T+0 (compliance approval required) or T+3 | 4:30pm ET |
standard | T+4 | 11:50pm ET | |
Account-to-Account | asap or same_day | T+0 (compliance approval required) or T+3 | 4:30pm ET |
standard | T+4 | 11:50pm ET |
Exact cutoff times may vary depending on the processing partner. If you have additional questions, send a note to [email protected]
Requesting transfers after the cutoff time
If a transfer request is received after the cutoff time, an extra business day will be added to the funds delivery time.
Estimated Funds Delivery Date
Deliver provides the estimated_funds_delivery_date
as an indication of when the funds are expected to be settled in the destination account. Once the date is calculated, a transfer_updated
webhook is triggered, and the estimated_funds_delivery_date
is included in the webhook payload. Additionally, the GET /transfers/{id} and GET /transfers API responses also contain the estimated_funds_delivery_date
field.
{
"event_id": "30136439-2e46-4240-a3mc-d46ca9ffb46s",
"event_type": "transfer_updated",
"created_at": "2022-09-14T21:58:43.877Z",
"event_data": {
"transfer": {
"id": "ab53a6f0-ea6f-4753-853d-8f944cadcba5",
"amount": 400,
"transfer_reference_id": "d7pd620d-v2ba1-44n2",
"currency": "USD",
"speed": "same_day",
"status": "completed",
"estimated_funds_delivery_date": "2022-09-17T00:00:00Z",
"account_statement_descriptor": "Account to account transfer",
"created_at": "2022-09-14T20:58:19.256831Z",
"updated_at": "2022-09-14T21:58:24.205573Z",
"source": {
"account_reference_id": "3c0699pw4-2e4091",
"customer_reference_id": "9rs61-917dna80"
},
"destination": {
"account_reference_id": "p7db1-2n38ywn",
"customer_reference_id": "5jd29a-ja2qof612"
}
}
}
}
Updated 10 days ago