Answer

Processing times vary depending on the type of transfer or payment method you're using:

ACH Transfers

• Outgoing ACH transfers: 1-3 business days to settle

• Incoming ACH from external banks: 2-3 business days depending on the sending bank

Internal Transfers

• Between accounts at the same bank: Instant

• Between accounts at different partner banks: Processed as ACH (1-3 business days)

Wire Transfers

• Outgoing and Incoming Domestic wires: Same business day if initiated during banking hours. Our banking partner's wire cutoff time is 4pm est.

• Outgoing and Incoming International wires: Up to 5 business days via SWIFT

• Incoming wires: Automatically booked the same day it is received once processed by the receiving bank

Investment Account Transfers

• Money Market Fund deposits: Same business day if initiated before early afternoon EST, otherwise next business day

• Money Market Fund withdrawals: Same day if requested before noon EST, otherwise T+1 settlement

• Liquid Treasuries withdrawals: T+2 settlement

• US Treasuries transfers: T+2 settlement time

• Commercial Paper transfers: T+2 settlement time

Cryptocurrency (USDC)

• USDC deposits: Almost always settle within the hour during business hours

• USDC payments: Sent on-chain in less than 1 hour during business hours

• After-hours USDC: May remain pending until the next business day

Check Deposits

• Mobile check deposits: Funds are immediately credited but placed on hold for 5 business days to ensure the check doesn't bounce

Important Notes

• Transfers initiated after banking hours or on weekends will be processed the next business day

• Some transfers may experience delays due to compliance reviews or bank holidays

• Auto-transfer rules run at 5am Eastern time