Due to constraints in open banking technology, Forwardly occasionally relies on banking hours for slower bank payment options.
Instant Payments to Supported Banks
Instant Payments sent to banks that support real-time payment technology like the FedNow Service and the RTP Network have no processing cut-off time. They incur a small transaction fee but arrive within 60 seconds.
To ensure the fastest payment delivery time, we recommend all businesses become fully verified. Once businesses are fully verified, they have higher Instant Payment limits, which mean Instant or same-day payments depending on the receiving bank's supported technology. Full verification takes under five minutes to set up and we're happy to help with the process.
Other bank payments
All other bank payments scheduled until 1:00 pm PT | 4:15 pm ET from Monday to Friday (not including bank holidays) are processed that day. Payments sent after this time will begin the payment process the next day.
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Tip: Want to know more? Check out our article on payment delivery timelines. |