At Forwardly, same-day ACH transfers aren’t a luxury; they’re our minimum Standard. Customers with banks that don’t support instant payments yet will have their transactions processed with our "Standard" Same-Day ACH for free.
Same-day ACH at Forwardly operates on settlements of periodic pull requests of transactions dependent on the bank's cut-off time. When you send a payment through Forwardly, we coordinate with our payment processors to transfer funds from the originating bank (payer) to the receiving bank (payee). Once available funds are confirmed (or not) then, the payment gets processed or canceled. Once the funds are successfully transferred to your bank account, we automatically update the payment status in your connected accounting software (QuickBooks Online or Xero).
What if my bank supports instant payments?
If your bank already supports instant payments, then any payments you receive will be processed within around 30 seconds, 24/7/365.