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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

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Delivery and Cutoff Times

If a transfer request is received after the cutoff time, an extra business day will be added to the funds delivery time.

Use CaseSpeedDelivery TimeCutoff Time
PayoutsasapInstant (if user is RTP or FedNow eligible)No cutoff time
same_dayT+0 (same business day)4:30pm ET
standardT+111:50pm ET
Depositsasap or same_dayT+0 (compliance approval required) or T+34:30pm ET
standardT+411:50pm ET
Account-to-Accountasap or same_dayT+0 (compliance approval required) or T+34:30pm ET
standardT+411:50pm ET

Exact cutoff times may vary depending on the processing partner. If you have additional questions, send a note to support@orum.io

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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"
            }
        }
    }
 }

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